Nobody downloaded yet

Future Trends of Health Care Finance - Essay Example

Comments (0) Cite this document
The article that forms the basis for this paper is the report prepared by the consulting firm PricewaterhouseCoopers (PWC, 2005) on how to create a sustainable future for the health care industry by the year 2020. The paper describes the term "sustainable future" as follows:
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
Future Trends of Health Care Finance
Read TextPreview

Extract of sample "Future Trends of Health Care Finance"

Download file to see previous pages There is an imbalance of the number of people who demand health care, the price they pay and are willing to pay for it in the future, and the number of health care providers who supply the services demanded.
This imbalance creates pressures on health care finance. More and more people, including our government and the businesses that cover health care costs of these people, would not be willing to pay an ever-increasing amount to finance health care. Premiums will not be allowed to increase indefinitely, because it is becoming unsustainable for the government to allow it, leading to cut backs in coverage. Many countries experimenting with different schemes are finding it difficult and unpopular to do so (OECD, 2006).
As the PWC article and others (Schur, Berk, and Yegian, 2004) noted, the pressure of lower available financing in the face of rising health care costs and prices in the last decade, and the unwillingness of people (including the government) to pay for them indefinitely, are dangers that threaten our future in three ways.
And third, our nation and our government will continue to find it a challenge to balance the costs of maintaining an aging population and a dwindling youth population exposed to more serious sicknesses.
These are the challenges facing our health care organization. ...
These are the challenges facing our health care organization. Unless we make some changes to cope with these challenges that are partly the effects of health care finance trends, we may not survive as a business. We therefore need strategic thinking to guide our organization, our services, and myself, in the next three to five years.
Our organization must learn to manage costs, and invest funds in modern equipment and the training of people to continue improving our productivity, making the hospital sustainable. We need to make sure our health care services meet high quality standards without the costs going up too high, so we can continue to charge affordable prices. We also need to start thinking of ethical issues, like "do we provide the care that is needed and requested, or do we limit ourselves to what is financially covered by health insurance" Everyone from management to the youngest employee has to be prepared to face these challenges.
The impact of future trends in health care finance affects all providers in different ways, and in the not-for-profit Catholic hospital where I work the issues we need to be prepared for will range from the medical and financial to the ethical and moral.
Some Detailed Considerations
I am a registered nurse who manages a Same Day Surgery unit in the hospital as part of my job working for the SSM Network, which has as its mission to provide exceptional health care services driven by core values consistent with our organization's heritage and priorities. We are known for our commitment to quality care - we won the Baldridge Quality Award in 2002, an accomplishment that reflects an exceptional ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Future Trends of Health Care Finance Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Future Trends of Health Care Finance Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Future Trends of Health Care Finance Essay Example | Topics and Well Written Essays - 1000 Words)
Future Trends of Health Care Finance Essay Example | Topics and Well Written Essays - 1000 Words.
“Future Trends of Health Care Finance Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Future Trends of Health Care Finance

Health Care Spending Trends

...?Health Care Spending Trends Healthcare spending is expected to rise in the next ten years: Health care spending is rising more rapidly than the national income. The Social Security Advisory Board (2009) states that, “Since 1960, total health care expenditures have grown by an average of 2.5 percentage points faster per year than the nation’s Gross Domestic Product (GDP)” (p.1). The Board further states that it is possible that in the next ten years, “health care spending will nearly double to $4.4 trillion by 2018.” (a) One reason for this is that hospitals, these days, want to fill up...
3 Pages(750 words)Essay

Future Food Trends Health

... This research paper is about three (3) French Dishes and British Dishes in the USA, their ingredients, cooking methods, and why they fit inAmerican culture. It was discovered, especially for British dishes, that restaurants have adjusted the flavour and appearance of the recipes to make them acceptable to the customers in America. Ingredients remain more or less the same. But seasoning and presentation were varied. American culture also concerns non-Americans because USA is multi-cultured. What became important was the customer acceptance if dishes while the basic ingredients and methods of cooking dishes remained similar to the way French and British dishes are done in their respective countries. Introduction The purpose... This research...
10 Pages(2500 words)Research Paper

Health Care Finance

...BHS 427 - Health Care Finance (Module 5-CBT) ID: Word count: 537 words Medicaid ensures that proper healthcare is provided to any person who cannot afford to pay their health bill. This can be done by paying for the entire bill or contributing to it. By catering to the needs of the lower income groups, it pays the bills directly to the hospital instead of rallying them through the individual himself. Most importantly, aid is given to American citizens or the lawfully admitted immigrant. Medicaid fraud is generally committed by individuals seeking to collect healthcare reimbursements under false pretences. At instances like these Medicaid services render the help of the...
2 Pages(500 words)Essay

Medicaid Health Care Finance

...CA 5 - Medicaid Health Care Finance Introduction Since the industrial revolution man has developed and invented numerous things that have helped them in different areas of life. These inventions and technological advancements have become a necessity of life now in the present. One of such advancements has been achieved in medical science. Medicines and sickness curing techniques have been used since a long time in the human history. Medicines date back to the early mankind. Time has seen technological developments and advancements in medical sciences to such an extent that a person coming from the 18th century will not be able to recognize any of the present medicines and curing...
3 Pages(750 words)Essay

Health care finance

...Finance and Accounting Cost measurement is as essential function in any organization, which aims at its success. This is because if costs are not measured, most decisions will be difficult to be made. Working out the cost of services as well as goods is a significant part in decision-making, which all managers should achieve. A variance is a term used to refer to the difference between the expected results and the actual results. Variance analysis is, therefore, the process through which the difference between actual results and standard results is analyzed. When the actual results are preferable than the expected results, the variable is favorable (F).on the other hand, if the actual results are not as good as the...
2 Pages(500 words)Essay

Future Food Trends; Health

...Introduction The purpose of this research of French Recipes and British Recipes in the USA is to identify food coming from the culture of France andUK, in order to see how their food have become acceptable to Americans. A little of each of the country’s background relevant to the recipes had to be included to give an idea of how such recipe became popular in the past and how such recipe reached the present or were changed to meet the demands of the present American society. In place of describing the colour and appearance in words, pictures of the selected recipes are shown. A.French Dishes La Salade Lyonnaise (French Appetizer) It will take about 20 minutes to prepared this salad recipe. Given the mixture of vegetables below... The...
10 Pages(2500 words)Research Paper

Future Trends in Health

...Future Trends in Health Lecturers Due Future Trends in Health Health education is the art of educating people about their health. This profession covers areas which include: spiritual health, emotional health, social health, physical health, intellectual health and environmental health. Health education among many people is affected by factors which include: the aging population, changing ethnic demographics, increased costs in health care, advances in...
1 Pages(250 words)Assignment

Future Direction of Health Care

...Future Direction of Healthcare Future Direction of Healthcare The healthcare sector faces a number of challenges that affect the delivery and nature of service. The primary goal of the healthcare sector is to protect life, provide healthcare services and maintain the health of a society (Shi & Singh, 2010). The challenges that affect the healthcare sector influence the future strategic course of healthcare. The five challenges that will define the future of healthcare are advancements in information technology, maintenance of a skilled workforce, economics, accreditation and access to healthcare. These challenges are the internal and external factors...
4 Pages(1000 words)Essay

Health Care Data Trends

...Health Care Data Trends Health Care Data Trends Choose the five (5) trends presented in the article that you deem to pose the most significant risk and explain why for each. Risk should first be understood from the position of investment and venture viability on the corporate perspective. Based on this account, the risks highlighted here also present opportunities for the business establishments to outdo their rivals in the competition for greater customer satisfaction and implementation of codes and regulations in the medical sector (Safran, Bloomrosen, Hammond & Labkoff, 2006). The most critical risks in the article...
3 Pages(750 words)Case Study

Emerging Trends in Health Care

...on the internet, and improving the safety of services. In conclusion, emerging trends impacting on healthcare today include adoption of technology, patients are more involved in terms of decision making and choice of treatment, and healthcare reforms that have led to an increase in health insurance premiums. The use of technology in healthcare has improved efficiency and safety of health services, better and improved options to treatment, and improved access to medical information. References Sena, J. F. (2012). Emerging Trends in Healthcare: Preparing for Tomorrow Today. Chicago, IL: American College of Healthcare Executives....
2 Pages(500 words)Term Paper
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.

Let us find you another Essay on topic Future Trends of Health Care Finance for FREE!

Contact Us