Future Challenges for Health Care Management
Student’s Name
Institutional Affiliation Future Challenges for Health Care Management
According to Covert (2014), health care management refers to the application of clinical information, information technology, managerial, and leadership qualities to achieve optimal delivery of services to different stakeholder. The present-day health care system experiences many challenges ranging from staff shortages to increasing numbers of uninsured persons. A few decades ago, policy makers in the industry predicted that many elderly persons, new technologies, physician surplus, restructured care benefits, and increasing costs would affect health care delivery (Brandeau, Sainfort, & Pierskalla, 2004).
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Continued research and development has led to the discovery of better and effective technologies and drugs that can solve many health challenges. However, the main concern for health care managers is the cost of acquiring and installing these technologies as well as the pace at which technology becomes obsolete (Brandeau et al., 2004). Hospitals must install new technologies and use new drugs to remain competitive and offer quality services to clients. In practice, committing huge funds to new technologies and drugs has the impact of limiting the funds available for other operations and needs such as payment for staff, expansion, and research. Therefore, this is a serious future challenge because present day hospitals are already cash strapped yet they will require expensive technologies in the future.
Challenges in the health industry continue evolving from time to time. Today, the health industry experiences challenges such as physician shortages, huge costs of operations, and many uninsured patients among others. In the future, new challenges will emerge and affect the health system in different ways. Some of the future concerns in health care management include the ever-increasing costs of health care, unprecedented growth in the population of senior citizens, and expensive new
Increasing costs all around the globe due to economic downfalls is making this issue even more challenging. It is vital that we have some focus on revenue, but we can’t lose focus on the costs of running a business. In health care this can be very challenging because of all the changes involved with the government, in laws regarding health care reform. “Understanding the total costs of services will allow the redeployment of resources which provide a higher payback, or will facilitate the elimination of those resources altogether.” (Hughes, 2011).
UNIT 2: EQUALITY, DIVERSITY AND RIGHTS JADA COOPER 20140170 P4: This task will explain 2 different national initiatives, stating when they were set up, the purpose and also how they promote anti-discriminatory practises. It will also talk about Charters and their importance, whilst discussing 2 of the codes of practices’. Care Standards Act 2000 The Care Standards was established in 2000, its’ aim is to ensure that the standards of care within all institutions were not inadequate as the rules and regulations have to be adhered to. The care standards act try’s to make sure that all institutions are equipped and well facilitated to meet the needs of those within the provision.
[Cost] Cost could potentially be the biggest factor of the iron triangle and perhaps the side of the model that leaves administrators most puzzled. With new technology being released quarterly, drug prices soaring, a new aging population that can't be supported by the current workforce, Medicare cutting reimbursement payments and leaning towards insolvency, and the price per service continues to rise it seems as if cutting costs down may seem impossible. Not only have hospitals and clinics began looking for more cost-efficient ways to provide care or, unfortunately which programs to cut, the political arena has been evaluating this as well. Since Obamacare has not lived up to its true potential and glory an alternative method must be identified before the nation's model of healthcare implodes from high costs.
Spending on post-acute services in Medicare and long-term care services have grown more rapidly since 1999. Although growing numbers of people receive home and community-based
For instance, optimize cost and clinical outcomes, and for a hospital and physician to work under a cohesive structure. Now we will discuss the
This would result in more queries for clinicians which adds up to the time medical coders and clinicians will be unable to prepare ICD-9 claims. Ironically, this comes at a time when practices are being encouraged to make their business practices increasingly efficient and save cash to get through periods of delayed reimbursements after October 1. However, there is a solution of hiring more coders as employees or freelancers to cover the deficit. But this comes at the cost of more planning and budgeting for staffing.
Previously, majority of healthcare systems were driven by other goals such as ensuring enhanced care access, containing the costs of healthcare delivery, and promoting patient convenience/customer service in a bid to improve the efficiency and quality of healthcare. However, the financial collapse had far-reaching consequences for the healthcare systems as it
(2013). Fundamentals of Healthcare Finance (Second ed.). Chicago, IL: Health Administration Press. Gunderman, R. (2016). Hospitalists and the decline of comprehensive care.
In the film Escape Fire the Fight to Rescue American Healthcare, there were many insightful examples of why our Unites States healthcare revolves around paying more and getting less. The system is designed to treat diseases rather than preventing them and promoting wellness. In our healthcare industry, there are many different contributors that provide and make up our system. These intermediaries include suppliers, manufacturers, consumers, patients, providers, policy and regulations. All these members have a key role in the functionality of the health care industry; however, each role has its positives and negatives.
There are many stakeholders involved with health care administrations. Those stakeholders can be patients, health care physician, insurance providers, pharmaceutical manufactures, hospital organizations, community clinics and government. Each different stakeholder has their own individual vision of health care administration. This causes conflict due to the nature and differences in vision. which then can cause conflicts among each stakeholder involved.
With this rising cost per enrollee and the increasing number of enrollees due to the aging population, the sustainability of the program looked bleak. In order to retain sustainability, the way in which Medicare processed reimbursements continued to evolve. Constant change in the reimbursement system
All nations at one point have experienced a few different types of challenges in their history. America suffered through plenty of challenges throughout its history that have been overcome. America has been through many obstacles, but they were only realized after the problem was solved or confronted. These challenges include slavery, women’s rights, tyrants, terrorists, and innumerable more. Though confronted with challenges throughout America’s history, the main three obstacles in America today is the divisions between the public, sensitivity of some individuals, and sense of entitlement among some of the youth.
Healthcare organizations’ goals includes provide quality, value priced, safe health care services and ultimately, improve health outcomes. In addition to this primary goal, healthcare organizations also seek financial stability, community value, ethics and employee engagement. In this context, leaders are asked to efficiently use the available resources to optimize the managerial approaches to direct their teams towards more productive environment and positive interactions with patients. Healthcare setting-unlike business setting-is a more complicated system that consists of different professional teams and departments that usually don’t share the same objectives or planning strategies due to the diversity in the services provided.
The healthcare sector is expected to continue with its accelerated growth momentum and by 2020 it is expected to reach $ 280 billion [5]. As per 2015 data, no. of beds to population ratio is just 0.09% and no. of physicians to population ratio is 0.07%. Comparatively bed to population ratio is 0.38% and no. of physician to population is 0.19%. The numbers are similar for US and UK [9].
Health care cost has seen to increase gradually as years go by. This has been influenced by major factors such as political influence, emerging chronic diseases, new procedures that are coming up including the technologies being invented for treating illnesses, pricing of medicines and treatment is not regulated and when treating ailment their may arise repetition of tests or a patient gets over treated for a particular ailment. The cost of healthcare has increased due to chronic diseases such as cancer and diabetes etc. The lifestyle people are living in this generation has led to the development of diseases that are expensive to treat or has led to there being over treatment in such for a cure of a particular ailment.