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Accessed at http://obamacarefacts101.com/, October 22, 2013 2.) Barrett J. Brunsman. Obamacare to create pharmacy jobs, new UC dean says. Accessed at http://www.bizjournals.com/cincinnati/blog/2013/10/obamacare-to-create-pharmacy-jobs-new.html?page=all, October 22, 2013 3.) Bertha Coombas.
Patient information is coming in at a startling rate from a variety of resources. The ability to share data will not only improve patient outcomes, but will help control the spiraling costs of healthcare. Big data and the access to that information by those working in healthcare will assist patients receiving care and practitioners of healthcare. The use of big data in healthcare is not without challenges, but the potential benefits are worth meeting those challenges. Big data is defined by meeting certain criteria: volume, variety and velocity.
Reimbursement and Pay-for Performance 7/7/2014 HCS/531 Katherine Brewster Pay-for-performance is defined as an umbrella term for initiatives aimed at improving the quality, efficiency, and overall value of health care. These arrangements provide financial incentives to hospitals, physicians, and other health care providers to carry out such improvements and achieve optimal outcomes for patients ("Health Policy Briefs", 2012). Pay-for-performance has become popular among policy makers and private and public payers, including Medicare and Medicaid. The Affordable Care Act expands the use of pay-for-performance approaches in Medicare in particular and encourages experimentation to identify designs and programs that are most effective ("Health
American Society for Healthcare Risk Management. Internet, available from http://www.ashrm.org/pubs/files/white_papers/SSE%20White%20Pape_10-5-12_FINAL.pdf accessed 24 July 2015 Interim Update on 2013 Annual Hospital-Acquired Condition Rate and Estimates of Cost Savings and Deaths Averted From 2010 to 2013. U.S. Department of Health and Human Services, Internet, available from http://www.ahrq.gov/professionals/quality-patient-safety/pfp/interimhacrate2013.html, accessed 24 July 2015. Andel and Davidow and Hollander and Moreno. Economics of Health Care Quality and Medical Errors.
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Though healthcare is currently very costly, studies show that universal healthcare would be cheaper than the current privatized system (Conor). Healthcare acts as an umbrella: covering a group of people by spreading out healthcare costs amongst everyone under the umbrella. The problem with a privatized system is that the umbrella can fluctuate due to competiveness between insurance companies. The United States has a privatized system of healthcare; and out of twenty-nine countries, the U.S. is doing the worst when it comes to healthcare (Conor). There are many reasons why this is so.