The hospital should cut down on expenses- the amount of money used for operations is very high. The hospital can enter into contracts with drug a supplier that allows them to buy the medicine discounted prices. 2. Liquefy assets- To increase the cash on hand the hospital can sell some of their assets in order to have more money for their operations thus discouraging borrowing (Langabeer, 2015). 3.
Both which are credit cards, alluding to the issues and debt that could be resulted from this system of health care, for the people. The message of the source is to bring awareness to the fact that a health care system like the one that the CMA is proposing would be extremely expensive for the individual in need of health care. The first half of the cartoon is showing the doctor saying that we want to offer the patients a choice and with having a health care sheet sticking out of the envelope. It gives the reader a false belief that this is like public health care, but in the next half it becomes obvious that the choice is not really a choice it either pay the money or pay the money. The ideological perspective being shown by the cartoon is that of a more individualistic society where every person is looking out for themselves, and not for the good of the collective.
As federal regulators require physicians to do more, they will actually get paid less. As the situation worsens, older doctors will retire and younger doctors will look to switch careers. This will come at a time when the demand for physician services will be higher than ever. Ultimately the consequences of the Patient Protection and Affordable Care Act will translate into restricted access and inferior quality of care. No matter how you look at it, this legislation is terrible for physicians; however, it is always the patient that suffers the most.” Jason D. Fodeman,
The cost of medical service rise continuously even with managed care it’s still too expensive for individuals to purchase medications, and other medical services. I feel this system is a great way to start and keeping up with monitoring health cost. Making sure people visit the primary care provider first is a great notion, as we learned in previous discussions reason for high healthcare cost is the lack of using primary care location over the ER. Exactly I agree with this statement, “There are plans out there through managed care that provide value-for-money and good customer service but there are also some that don’t offer customers equal value for money”. Nice post Christy, keep up the good work.
Since many operations in medicine require a large sum of money, some are unable to pay and therefore don’t receive the needed surgery. Another factor that could affect whether or not a person gets a surgery is communication. Many argue that with more technological growth in the medical field, one-on-one interaction is becoming less important. According to Kendall Antekeier, “ Many patients choose their health professionals because of the way they interact with them.” So for some, they prefer human interaction over technology. For cleaner energy, people face a similar ordeal of wanting to acquire new options, yet unfortunately lack the necessary funds.
You made a valid point high deductible plans do determine how individuals utilize healthcare services. A person who has financial difficulties will opt not to seek medical attention due to the cost. Would you choose not to get care if you had a high deductible plan? At times I prefer not to go the doctor because not only will I have to pay for the visit but also lab work and testing. Even after reaching my deductible I am still responsible for 20% of the cost until I reach the maximum out of pocket expense.
During the extended hospital stay, the cost of treatment also increases, sometimes by about 61 percent of the normal charges for treatment (Guse et al., 2015). Evidence based practice has shown evidence that hourly rounding can decrease the general hospital stay significant while at the same time cutting down the cost of treatment through reduction of falls. Nurses against this change complain of increased commitment on other duties, making it difficult for them to attend to their patients within the hour (Marquis & Huston, 2015). It should, however, be understood that hourly rounding may never be successful without teamwork. The absence of one nurse during the hourly rounding should be substituted by another nurse without regular complaints about personal patients.
whereas a long response time could mean it being to late for intervention and treatment. The only practical way of shorting response times in Fayette county would be to add another EMS station with a fifth full time ambulance. This would give the county move life saving resources and reduce the time between the initial 911 call and final care of a hospital. Unfortunately, there are a couple of complications that arise by adding a fifth Ambulance Unit. First it a huge expense to buy a new Unit and to completely outfit it with the appropriate equipment and gear.
However, there are some limitations that are put on this solution, such as the cost to transport these vaccinations around the world. Although this research has shown that the cost benefits outweigh the negatives, transporting these vaccines will take a lot of work and could be affected by the geography of some places. If this solution is implicated, a lot of people may be saved and a lot of money could be saved, but nothing can be said for certain. According to Katja Becker and Ying Hu, both researchers at the Interdisciplinary Research Center at Justus Liebig University in Germany, and authors of the International Journal of Medical Microbiology, “The World Health Organization estimates that infectious diseases were the cause of 14.7 million deaths in 2001, accounting for 26% of total global mortality” (qtd. in Xiang et al.).
The controversy over stem cell research is one of the most heated and debated issues in today’s society. The higher cost of such therapy makes it an ethical concern as this will not be within our means for the ordinary person (Dresser, 2010). The costs associated with research and clinical trials will be through the roof, but these costs will reduce as time and our knowledge evolves. Once successful, it will inevitably become a trend in the future. Stem cell therapy is at its beginning stages and already we see results that we once thought were inconceivable.
As consultants, our team strives to develop strategies to improve the financial performance of SHR by focusing on short-term and long-term viability. This report analyzes alternatives for reducing expenses and strategies to break-even the margin by the end of CY2018 and plans to increase the operating margin to $40 M by the end of CY2021. Some of the problems SHR and the surrounding community are facing include an uneven distribution of health care professionals, lack of attention to behavioral health, an insufficient number of beds in
The shift in payor mix relates to the decrease in commercial patients with higher reimbursement rates while Medicare and Medicaid patients with lower reimbursement rates will increase. This will shift impacts the provider’s bottom line because with the increases in drugs, supplies and salaries and the decrease in reimbursements, hospitals profit margins will
Explain how your changes will impact those middle income families who want and can afford premium coverage. The changes and recommendations proposed above are not being put in place to stop those middle income families who want and are able to afford premium coverage from getting the type of coverage they want or decide they need. The purpose of these recommendations and changes is really to bridge the gap for low income families in terms of purchasing and receiving health care. However, these initiatives will impact middle income families, even though they can afford premium insurance coverage, they might not be able to access their chosen doctors due to increased demands on doctors (Atlas, 2015). There is a greater demand on doctors with