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Healthcare Business & Financing - Essay Example

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Health care system may be observed from a financial perspective in the sense that, just like any other business, healthcare system provides services to the community/clients at a cost. Moreover, health care system place orders for raw materials from the vendors and pays them…
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Healthcare Business & Financing
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Download file to see previous pages Various empirical studies that have done over the past by the researchers to prove that there is a relationship between social, economic status and heath results. For example, a group of researchers of Internal medicine carried out research to determine whether there is a correlation between socioeconomic status and results for patients with a heart attack. The research discovered that poor patients who have been with a heart attack perform worse as compared to patients from the rich families. The argument may be by the fact that the poorest patient tend to undergo via extreme stress because they cannot meet their medical expenses as compared to the rich patients. Further, the study discovered those poor patients diagnosed with a heart attack were found to die early as compared to the rich. The reason for early death is due to the social, economic status. It was observed that patients from power social and economic background could not afford quality health care due to their low incomes. In addition, patients from the poor background are unable to adapt/change their lifestyle as compared to the rich. The discussion indicates that there is a relationship between socioeconomic status and health outcomes (Alter et al., 2006).
In America, health care is a privilege but not a right. Americans believe in conservatism; every individual should be able to cater for their needs including health care. The federal government has a role of empowering its citizens so that they can take care of their needs. The US constitution does not provide health care as a right. The Americans have been paying their medical bills without relying for the government to pay their medical bills. It is imperative to note that there is various reimbursement methods in healthcare system used to pay medical bills and include; billed, historical, specific service charge, bundle charge and capitulated reimbursement ...Download file to see next pagesRead More
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