Health Care Reform Project Part I HCS 440 Bruce Peterson December 24, 2012 Summary The rapid population growth in the United States along with the continuously rising health costs makes managing the health care industry difficult. Because of technologic advancements both in healthcare services and medicine, people are able to live longer lives. However, as the aging population grows, more will need healthcare and more services will need to be provided. In the 1950s, not that many people lived longer than their 70s (Getzen & Allen, 2007). Furthermore, in the 1950s there were larger families so elderly care was more commonly given by family members.
Using Material from Item 2B and elsewhere, asses the view that an ageing population creates problems for society. Many western societies such as the United Kingdom are experiencing the social, political and economic issues that are associated with an ageing population. Rising life expectancy poses a number of problems. People are living longer due to medical advancements (including the NHS) and improved sanitation. This has resulted in more services being needed to support the continually ageing population.
The New York Times claimed that, “When immigrants do take jobs, they’re hard workers” (Preston and Connelly a1). Therefore, it greatly contributes to America’s retirement system. The presence of immigrants also contributes to America’s long term population growth, necessary to stabilize the overall retirement fund. The Springer Science and Business Media’s journal states that some other countries in the world suffer from the labor shortages and a demographic crunch, in which a very small number of workers will be expected to pay the retirement and health care for elderly people (Gold 409). The ratio of retired people to workers is expected to dramatically increase in the coming decades, which would result in significant changes in the Security System of America’s retirement money.
Ageing has a big impact on the entire world population and because of the modern medicine people live longer which means more elderly people. And more costs for medicine and other health services, the delivery service is also harder to provide, however there is more business for health service providers. 2. Access and equity principles: No discrimination against staff or client based on race, skin, sex or sexual preference, religious or political belief. Maintain client information confidentiality.
Bonus payments will be given to those doctors and hospitals that provide good quality care. | CON: With an increased population of individuals receiving healthcare from the government, there will be longer wait times, and potential decline in the quality of care given by doctors. | PRO: The PPACA tax promotes the general welfare because it makes health care more widely available and affordable. | CON: Congress is requiring that every person purchase health insurance or face penalties. | PRO: The health reform includes the largest health care tax cut in history for middle class families, helping to make insurance much more affordable for millions of families.
We have recently adopted an electronic nursing documentation system and as we move forward to a new facility, the entire medical record will be paperless. Since the writing of these two articles, the amount of facilities utilizing the EMR has increased significantly. In this age of pay for performance, continuously decreasing reimbursement, non-payment for hospital acquired conditions, and increased litigation, it is quite evident that a large up front investment could potentially pay off in the end. Payor chart reviews will become easier , physician orders will be easier to understand, discharge summaries will be easier for patients to understand, follow up appointments can be monitored. The government has recently implemented an incentive for quality improvement by rewarding those facilities financially that have improved quality performance.
This factor runs parallel to the cost of maintaining the aging population. Nevertheless, aged individuals with or without the chronic illnesses contribute minimally to the increased growth of medical care expenditure (World Health Organization:75). This fact notwithstanding, an aging population that suffers from chronic ailments increases medical costs for the healthy majority. In fact, the higher rates of chronic diseases contribute mainly a great deal to the increased medical spending by the
Riordan Manufacturing produces lifesaving medical equipment that is used to treat those with heart disease. A the world’s population continues to increase, the need for more of these life-saving devices has the potential to only improve the financial health of Riordan Manufacturing. The steady increase of the cost of fuel also has the potential to affect the cost of shipping for Riordan Manufacturing. Also, because most of Riordan Manufacturing is located in the United States, the strength of the dollar compared to other currency has the potential to affect financial decision made by Riordan Manufacturing. Conclusion References Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. ( 2010).
If we do not buy imported goods then they will not buy ours and without export revenue and foreign investments we would not be able to function financially. When exports increase so does the Gross Domestic Product (GDP). GDP is the dollar amount of all goods and services produced within the United States. When the GDP is high it signifies that our economy is healthy and stable. When companies can produce more due to demand they are able to hire more workers, which can lower the unemployment rate.
The Courtship of Finance and Nursing: An Obligatory Marriage Katie Catania South University The Courtship of Finance and Nursing: An Obligatory Marriage In this ever changing healthcare climate it is becoming more evident hospitals and healthcare facilities are being forced to be more financially responsible and fiscally creative to survive. Financial stability has never been more important (Studer, 2010). It is time for new visions to emerge. Reimbursements are shrinking, populations are aging, and the demand for quality affordable healthcare is increasing. This push and pull on an already taxed system is further taking its toll and with no fool proof solution in the near future, healthcare financial advisors are stepping back and