The healthier they made their patients the bigger the bonus they would get. If hospital stays weren’t as expensive, doctors could be on call 24/7 for peoples’ needs as in doctors on wheels, and another idea making medicinal needs cheaper. 5. Compare and contrast for profit systems and not for profit systems. What are the pluses and minuses of each?
No, if the rates are lowered or made high for insurance, that won’t affect the income of insurance agents. If the rates are increased, people will look for less insurance or there would be comparatively less people taking insurance if we take the factor that the insurance rates are not regulated. That means, agents would sell either less insurance policies or equal insurance policies like before but less amount insurance. Since the rates would be higher, they will still make almost the same commission. On the other side if the insurance rates are lowered, people would opt to buy more insurance, and in that case also insurance agents would make almost similar income as before because people are buying comparatively higher insurance but the rates are low.
Factors include indication, drug safety, and brand awareness. The indication has to be a common and relatively less severe condition that many patients tend to self-diagnose and self-treat, to ensure the primary demand from the OTC market. There has to be sufficient data to show that the drug does not have serious safety issues even if not closely monitored by a physician. A company should also consider the brand awareness. JJM should allow sufficient time for the drug to be accepted as a
Upon reviewing the balancer sheet, Holmes suggested accounts receivable being considerably reduced, since this was an area which was controllable. Sales will be impacted by this move although sale stabilization will occur over time. Conceivably, one could think that this is a no brainer and follow the recommendations. But other factors are not being considered. The turnaround time for Reed is shorter because the store has everything on hand as opposed to other stores which may take orders on “specialty” items.
IT support is quickly rising to be another line item to take notice of. Although a much lesser portion of the total operating budget (approximately 7%-10%), Information technology has a direct alignment with human resources the potential for cost savings. Interestingly enough, in my opinion, these two have the potential to either work very well together or have the completely opposite effect on any healthcare delivery system. Looking at the human resources expense, it would make sense to consider how that portion of the equation will ultimately be the most effective part of the solution. Human resources consist of administration, providers of all levels and support staff at all levels.
They tend to treat the whole person and not just their condition, this gives the patient a relief from other possible problems they have and reduces the chance of their condition coming back. Patients experience one to one treatment, which is beneficial for them as the practitioners time is invested into just them and they will experience a better treatment. The increase the overall health and well-being of the patient, this is an advantage for the patient in their present and
What are the basic functions and components of the U.S. health care system? The basic functions is that of organizational structure in which health care is delivered to the population of primary and preventive care. Our delivery system in which funding, planning, regulations, and service delivery are influenced by city, county, state, and federal government policies, as well as by the policies of nongovernmental organizations such as businesses. The components to the U.S. health care system includes, health care services, finance mechanism, resources, organizational structure, oversight management, and the recipient of health care (the consumer). Each component is affected by, and has impact, the other.
Some research suggests that the FP form of ownership structure achieves greater productive efficiency than the NP form. Herzlinger and Krasker (1987) compare the costs and returns between six FP hospital chains and eight NP chains. Their study supports the theory that FP hospitals generate better results for society by being more efficient, invest their earnings in renewing equipment, and offer a broader range of services to patients. Cutler and Horwitz (2000) examine the conversion of NP hospitals to FP status and find that FP hospitals can cut costs and provide capital or relieve debt burden without reducing quality or cutting back on access to the poor when the conversion takes place. Their study indicates that quality is not compromised in an FP setting.
If we could effectively deal with the situation over time then you are going to save money by fewer individuals utilizing services that are costly to the taxpayers. When people that are homeless have to use the emergency room it costs the taxpayer more than if they had used health insurance of some kind when the problem was not as
This system would be financed by eliminating the need for private insurance companies and reduce the amount of money waste on expensive administrative staffing expenses. A single payer health care program with universal coverage would be able to save money by allowing better coordination between providers and a continuity of care that is not possible to get from other insurance plans with an average saving possibility of more than $400 billion a year (Silver,