To achieve a cost saving target of $750,000 for the first quarter the first cost cutting measure I selected is reducing a proportion of the agency contracted staff. Making a reduction in the number of contracted staff member will save the company on the premiums they pay to the staffing agency and management fees. Additionally the skill level of the contracted staff could not be compared to the employees of the hospital, which has been
Physician Shortage: Economic Concept of demand and demand shifts Roberta Mimms University of Phoenix Health Care Economics HCS 552 Amy Shoales April 23, 2012 Physician Shortage: Economic Concept of demand and demand shifts Many of us have the thought that the idea of being a physician, doing good for another individual, has such an appeal that medical schools should have a waiting list several years long. But that is not so. The world is suffering from a shortage of physicians. The Society of Critical Care Medicine, as cited by Gorman (2011), reports that the “shortage of full-time physicians will approach nearly 125,000 by 2025. It is estimated that we will need 1.7 new physicians to replace each one of our retiring physicians
First the pro side, the first main issue is the fact that the 32 million Americans that don’t have health care will now have access to health care coverage. Many Americans can’t afford health care coverage and this policy lowers the cost so that more Americans will have the opportunity to get the coverage they need. Another pro is that people with preexisting conditions can no longer be denied coverage. Insurance companies have been getting away with denying people the coverage they need because they either get sick or because they have a preexisting condition and this policy puts an end to all of that. Lastly, the amount of personal bankruptcies will be reduced.
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.
Initial Post Savetria Palmer Analysis and assessment of the ethical and economic challenges related to financing healthcare According to Kovner and Knickman, the issue of how we pay for health care service dominated the public policy agenda during the first 2 years of the Obama administration (2011). While we probably all agree that our healthcare system needs to be revamped it is not an easy fix. Thus, the issue remains elusive. The cost of healthcare continues to spiral out of control. Some of the drivers of rising healthcare cost are demographics and new technologies (Laureate Education, 2012).
Scarce Resource Article Hazel Hofer NUR 531 September 16, 2013 Tracey Lane Scarce Resource Article Registered nurses (RNs) are an important part of the health care environment, without them delivering quality healthcare would be very difficult if not impossible. The nursing shortage was originally projected that by 2020 there will be approximately a 36% nursing vacancy rate in the United States (National Center for Health Workforce Analysis, 2013). A more recent article estimates a nursing shortage of approximately 300,000 to 1,000,000 nurses by 2020 with the largest deficits in California, Florida, and Texas (Juraschek, Zhang, Ranganathan, & Lin, 2012). In the 2008 book written by Buerhaus, Staiger, and Auerbach it is estimated
Also Middlefield must ensure to increase the employee morale. Introduction – Middlefield Hospital’s employee turnover rate exceeds 20% and there are over 100 nursing vacancies. Some of the facts which might have caused the employee shortage are – 1. Opening of a new Hospital with better facilities and advanced technology for patient treatment and care. This has caused doctors to shift their patients from Middlefield to this new hospital.
Economic Terms and Health Care History HCS/440 February 11, 2013 Economic Terms and Health Care History Throughout the history of health care, the economics of this field has changed numerous times. Many factors must be kept in mind when discussing the changes in the economics. The biggest factor is finding the sources to fund health care services. Technological and surgical advances are also factors. When looking at the history of health care economics and the primary funding source, the term supply and demand comes to mind.
Many employers are paying portions of the premium for the employee’s health coverage. In the past few years, employees have seen their employer paying a lesser percentage of the premiums, which leads the majority of the premium to the employee. The economy has faced a decline in the number of jobs that are available for some Americans. This leads to people taking a position
The legislation is named for U.S. President Barack Obama who promoted it. The Health Care reform debate in the United States has been a political issue for many years, focusing upon increasing coverage, decreasing the cost and social burden of health care, insurance reform, and the philosophy of it's provision, funding and government involvement. It's an informal term for the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The two bills changed how health insurance functions in the U.S. Among other provisions, ObamaCare expanded eligibility of Medicaid and required most Americans to purchase health insurance.