Preview

HCS 449 Health care industry

Powerful Essays
Open Document
Open Document
1088 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
HCS 449 Health care industry
August 26, 2013
HCS 449
University of Phoenix

The health care industry is the most controversial and talked about industry in the world. In this paper one can see how significant that changes have been and possibly what is to come in the future. Also how the economic times have affected the health care industry and if there will be significant changes financially as well.

In the past 10 years there have been a many significant changes in the health care system, and the most change that many will say they have noticed would be the cost of health care. According to "Healthcare 5, 10, 20 Years in The Past and Future" (2012), “ten years ago, U.S. healthcare cost was $4700 per person and in 2000, 13.1 percent were uninsured”. Another big change is that of the quality of care patients receive as well as the technologies, and great improvements made to several procedures; such has back surgeries, cosmetic surgeries and even labor and delivery. All of these new procedures can show why the cost of the health care has gone up, however, the quality of care received in some facilities does not equate to the amount of monies coming out of the patients pockets. One can only hope that the biggest change in health care n the next 10 years will be the cost of medication. Although, there are probably going to be many changes in health care in the next 10 years such as; laws and regulations as those are always changing and developing, the quality of care bed side manner from both the doctors and the nursing staff, the number of employees will greatly change and more than likely triple the amount of health care staff in all different areas of the health care field. Another change that many may not think about is the design of health care facilities especially hospitals’. Hospitals’ are the major source of revenue in the health care industry and coming in second are physician offices, and the design aspects can

You May Also Find These Documents Helpful

  • Better Essays

    Healthcare has changed over the past 10 years with the help of technology. Healthcare has changed a lot in the past 20 years. People now live on average at least ten years longer than they did in 1989, and medical advances have brought many breakthroughs and improvements in patient care. One of the main and most significant changes to healthcare over the past years have been the expansion in technology.…

    • 1220 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Abstract The national debate over health care reform in the US has been going on for decades. Although the debate continues, the landscape of health care in the US is certainly about to change as the Patient Protection and Affordable Care Act (H.R. 3590) was enacted on March 23, 2010. Many politicians, economists, health care providers and average citizens have weighed in on the topic with opinions as diverse as the country. The question is, will this reform be the cure for our ills or a bad pill to swallow? This paper serves as an examination of the economic and social impact of reform on the system of health care services and the delivery of same. In order to know where we are going, it is vital to know where we have been, therefore the background of national health care is reviewed and hypotheses about the impact it will have on the hospitals are made. In concluding the discussion of health care reforms’ impact on hospitals, it seems as though there will be both positive and negative implications and outcomes. It is the author’s contention that there will be a need to reestablish guidelines for service and delivery as well as cost containment of health care services. It is likely that the country will see a new model of health care.…

    • 3981 Words
    • 16 Pages
    Best Essays
  • Better Essays

    The health care industry is the fastest growing field. As the years go by, more and more discoveries will be made. This paper will discuss the changes from the past 10 years, what I believe will be the biggest change in the next 10 years, my role in the industry, adapting my skills to grow with the change, my perception towards the changes, technologies role, and financial and economical issues.…

    • 1135 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Economic Terms and Health Care History In this paper the author will describe the history of health care economics along with the evolution and timeline of health care funding. Gaining insight from economical terms can assist with understanding the history and future changes; terms such as, elasticity, inelasticity, supply and demand. Health care costs are changing over the years and by understanding the history of health care economics will help individuals be prepared for future amendments.…

    • 867 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Appendix This is a summary of the past work done throughout this course, the content in this paper is mainly derived from the work in the papers that follow. In the first assignment APHI Consultancy Orientation Form, it gave me a brief introduction into what the project for the course was going to be. I picked the Medical Liaison because I thought it would be interesting to explore the different ways healthcare was made efficient in the region I chose of California. That then led into my first paper for the class which was The Limits of Healthcare. In that paper, I looked at the trends of physicians in the state such as numbers, salaries and hospital distribution, and if increasing then in the way it was done in the past should be done. I concluded that that course of action should not be taken because it would strain the healthcare system further and give the hospitals an unfair monopoly.…

    • 1642 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    History of the U.S. Health Care Delivery System Over the course of our countries history, the delivery of our health care system has tried to meet the needs of our growing and changing population. However, we somehow seem to fall short in delivering our goals of providing quality, affordable and accessible healthcare to our citizens. The history of our delivery system will show we continuously changed the delivery of our system however never mange to control cost. If we can come up with efficient ways to cut cost, the delivery of quality care will follow.…

    • 1957 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    The Health Care Crisis

    • 1359 Words
    • 6 Pages

    The cost of insurance has increased dramatically over the past decade, far surpassing the general rate of inflation in most years. Between 1989 and 1996, the average amount an employee had to contribute for family coverage jumped from $935 to $1778. In 1990, American companies spent $177 billion on health benefits for workers and their dependents; that number rose to $252 billion by 1996, or more than double the rate of inflation. Among the cost drivers: an aging population – the number of senior citizens who need health benefits is increasing dramatically every year; medical technology advances – which decreased the death rate; new drugs – expensive and effective, which make us live longer; and of course the increase of fear in medical litigations among doctors. Increase in usage will surely increase the cost of health care. On average, between the ages of 45 and 65, a person's usage of health care triples. Eighty year-olds use nine times more health care services than 45 year-olds. By the year 2030, the number of people over 65 is expected to double. The cost for medical services have increased as well. Since 1980, medical cost have risen 281%. The number of organ transplants has doubled in the past 15 years, and all transplants cost over $100,000.…

    • 1359 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    The health care field is endlessly improving; in fact, some of the newer advancements in the medical field have been proven to assist patients in getting well, avoiding diseases and delaying death. However these improvements do tend to drive up costs, even if there is little or no indication that they are…

    • 399 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Financial Management As the health care system enters to the new century, there is a tidal wave effect within the system. With so many changes, such as the older generation are working and living longer the health care system has to change. Reorganizing (organization) the health care system over the past 10 years has changed completely the procedure of delivery and financing. Better future planning however has been a challenged for the health care system. There are several factors cost cutting, services continue to reduced, the growth of revenues and return on the investments. This can be called mismanage care that has decreased cost (M. Cipriano-Silva, 1998).…

    • 1140 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    After researching a few reasons why health care is rising, it all came down to the industry exploring new medical technologies. It occurred to me that this should be a good thing because better technology means more people can be treated with better care. However, an increase in medical technology will become more expensive. It can tend to cost more than older versions of treatment. Nevertheless, the total cost is still a function of the amount of people that are receiving treatment for a condition. The rise in a treated-case could reflect improvements in medical technology that will allow treatment to a particular condition. According to the article “Which Medical Conditions Account for the Rise in Health Care Spending?”, several studies…

    • 1172 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Patients demand these newer innovative services. And knowing that insurance will cover the cost, many physicians will not hesitate in delivering these services. Ultimately insurance premiums continue to rise and the rate of uninsured citizens as well. Also the hiring and training of personnel to operate these new systems contribute to the cost. In addition, facilities may require refurbishing to accommodate the new equipment. All factors that contribute to the cost of newer…

    • 457 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    A STUDY ON INDIAN HEALTH CARE INDUSTRY EXECUTIVE SUMMARY The report is based on healthcare industry and deals with the analysis of the industry on various parameters. It gives an overview of the industry and goes on to test the healthcare industry further in the subsequent chapters.…

    • 11622 Words
    • 47 Pages
    Powerful Essays
  • Good Essays

    healthcare

    • 1103 Words
    • 4 Pages

    The American health care industry is one of the nation's largest and most profitable industries. It is also one of the few American industries that is expected to grow in the next few decades. In fact, the healthcare industry in America is expected to generate 3.2 million new jobs through the year 2018, which is more than any other American industry. It is not only a large industry, but a very broad one with many potential investment opportunities and many potential risks…

    • 1103 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Hca Financial Analysis

    • 1754 Words
    • 8 Pages

    The health care industry is rapidly changing due to the Health Reform Act. Healthcare reform is forecasted to increase the number of insured patients and increase industry…

    • 1754 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Application of Information Technology In Health Industry The Health Industry’s horizon has changed a lot presently, and the reason for that is simple. The creeping of Information Technology slowly in the Health Industry is changing it dramatically. Now you can find information about different services offered by a Hospital, make enquiry about the availability of Hospital Bed, Book an ambulance and a hospital bed in advance and find the doctor’s…

    • 469 Words
    • 2 Pages
    Good Essays