StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Healthcare Business & Financing - Essay Example

Cite this document
Summary
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…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
Healthcare Business & Financing
Read Text Preview

Extract of sample "Healthcare Business & Financing"

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 pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Healthcare Business & Financing Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Healthcare Business & Financing Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1665761-healthcare-business-financing
(Healthcare Business & Financing Essay Example | Topics and Well Written Essays - 1000 Words)
Healthcare Business & Financing Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1665761-healthcare-business-financing.
“Healthcare Business & Financing Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1665761-healthcare-business-financing.
  • Cited: 0 times

CHECK THESE SAMPLES OF Healthcare Business & Financing

Executive Summary

Diagnostic services are a recession-resistant business, making it attractive when economic conditions deteriorate.... business Model: Sonic Healthcare is a public company listed on Australian Securities Exchange, where it is listed as one of the top 100 companies of the country.... Executive Summary Name of Author Author's Affiliation Author Note Author note with more information about affiliation, research grants, conflict of interest and how to contact Overview: Sonic healthcare is a decentralized federation of medically-led diagnostic practices with its head office in Sydney, Australia....
2 Pages (500 words) Research Paper

The Relevance of Universal Healthcare Policy in the US

Most of the European countries where free universal health care system is prevalent ensure a high quality life to their citizens and this should be a model for the healthcare system in the US.... However, most of the Americans are not able to get access to a good healthcare system as they do not have insurance and obtaining medical care becomes too expensive here.... hellip; The right to healthcare is one of the essential prerequisites for every human being in order for them to live a healthy life and to get proper medical right in time of need....
7 Pages (1750 words) Research Paper

Comparative summaries

Comparative Summaries Name Institution Comparative summaries healthcare corporations offer a variety of services at an affordable charge since the government subsidizes healthcare services that increase costs.... In the US, majority of middle-class citizens use public facilities when seeking healthcare services.... This is because subsidies in public facilities cushion the citizens against the financial implications caused by the rise in cost of healthcare (Finkler, Ward & Calabrese, 2012)....
4 Pages (1000 words) Essay

Provisions of the Affordable Care Act

First, the cost of financing the scheme was estimated to a tune of $105.... Considering that healthcare was not the only priority of the American people in that there was a need to curb unemployment rates and the need to cut the government spending in order to minimize the fiscal debt, financing such a project was in contradiction with the economic standards.... hellip; Majority of these constitutions have put in place healthcare as a basic right of every citizen in terms of diagnosis, treatment, rehabilitation and prevention of basic environmental, waterborne, genetically acquired ailments and other contracted diseases in the daily activities of the citizens....
4 Pages (1000 words) Essay

Financial and Strategic Planning

This can be seen by virtue of the third-party business generating the largest amount of revenue.... Owing to these, it is essential that the hospital retains this form of… The patient turnout is currently lower than expected.... This can be attributed to the fact that there is a reduced number of patients coming for return services....
2 Pages (500 words) Coursework

The Financial Impact of Increasing Healthcare Costs on U.S. Businesses

(Sheaff, 1996)This has been looked upon at the stance of the different business regimes which are working within the US and trying to bring about a change in the US economy.... "The Financial Impact of Increasing healthcare Costs on U.... Businesses" paper focuses on discussing the US healthcare systems also pinpoint the gray areas where some particular steps could be taken to ward off the negativities thus attached to them from a financial standpoint....
12 Pages (3000 words) Coursework

Obama and His Healthcare Reforms: Improving the Health Care Facilities in America

hellip; Obama's healthcare reforms are aimed at; Guarantee Choice, Make Health Coverage Affordable, Protect Families' Financial Health, Invest in Prevention and Wellness, Provide Portability of Coverage, Aim for Universality, Improve Patient Safety and Quality Care, Maintain Long-Term Fiscal Sustainability....
6 Pages (1500 words) Research Paper

Corporate Strategy of General Electric Healthcare

he major political factors that might significantly impact or do impact of GE healthcare business include differences in the financing of health care (public versus private), insurance coverage, level of reimbursement, typically set by a government health agency (Khanna & Raabe 2006, 3).... Thus, for example, type of hospital ownership and different physician compensation system significantly impact on GE healthcare business strategy, depending on the country....
8 Pages (2000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us