Preview

Health Care Industry Analysis

Good Essays
Open Document
Open Document
921 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Health Care Industry Analysis
Logically speaking with the growing population, there is no doubt that it will have an impact on the labor force in the United States. The health care market and labor force is one of the largest industries in the United States. The United States has an extraordinary number showing that there has been an average of 156 million workers in the United States in the past decades. It is expected that the numbers will increase additionally over the next several years. With the increase of just the labor force expectations of growth, this will have an extreme effect on just the health care labor force itself, as well as the cost of living for individuals. Any impact of the economy and/or demographical changes will have an influence in several different …show more content…
Payment sources, tying health care insurance benefits that will meet the needs of Americans and not just promoting the solution that all Americans have the access to health care insurance. Analyzing cost effective methods to minimize pharmaceutical services, pharmaceutical services are a monopoly at this point in the health care industry. Rather than putting additional pressure on all health care organizations with stricter regulations, analyze, research and piloting the additional resources, before implementing (an example would be: Nursing homes effective this year will have to submit a daily census to the government of staff worked every 24 hours.) A fixed payment source could also be an alternative financial aspect, as well as undertaking the control of cost effective methods and maximum profits. Last but not least is proposing, in addition to all of the above is the aspect of the quality of care to all …show more content…
One there is the Affordable Care Act, with all Americans having access to health care insurance and being able to get the medical care they needs. The percentage of individuals covered has increased and our seeking health care treatment. This has also put a damper on the shortage of health care professionals, which is expected, but not adequately planned for. Increase pressure has been put on the health care professionals and the organizations to treat the additional population seeking medical treatment, but at the same time provide the highest of quality of care, practicing ethically. Secondly, technology is growing rapidly and is extremely costly in every aspect of the health care industry. The older generations struggle with learning new technology based equipment and at the fast rate of growth, not to mention how costly it is. Were as the younger generations have grown up with technology growing at a fast pace and have experienced the increasable costs and how it affects them. Technology is the new evolution in the health care industry and effectives the United States population’s labor force. Third is the cost of health care is rapidly growing at a fast pace. This comes from all aspects with the health care industry, as well the labor force and impacts of changes within. Not to mention government regulations, aging

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Expenditures has an impact on the health care industry, looking at this article “Health expenditures increased from 12.2 percent of the gross domestic product (GDP) to 13.5 percent in l997 (Levit et al. 1998), and they are expected to reach 16.6 percent of GDP in the year 2007 (Smith et al. 1998). The devotion of a large percentage of the total GDP to health costs is a concern because such dollars are then not available…

    • 538 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    HCA 497

    • 1813 Words
    • 6 Pages

    Health Care Trends and Challenges. Evaluate the impact of at least two major trends that occurred in the U.S. health care system during the twentieth century that continue to significantly influence the access to health care in the twenty-first century. Identify the population groups that are affected the most and explain why this is the case. How have these trends challenged health care organizations and their leaders?…

    • 1813 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    One of the challenges that faces the United States health care system is to respond to the continues changes and to the reality of that these changes might result in consequences that often ignored or underestimated.…

    • 1450 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Health care accounts for nearly 18% of the GDP in the United States of America. Rising health care costs, malpractice suits, costly procedures, and caring for the elderly are contributing factors in the costs of health care. The Affordable Care Act (ACA), otherwise known as “Obamacare,” was signed into law on March 23, 2010 by President Barack Obama and is designed to help uninsured Americans afford insurance and to help reduce health care costs. The ACA will have a tremendous impact on the GDP both negatively and positively. A negative impact can be directly to working Americans who may have their hours cut to part-time if they work in the restaurant or retail sectors. To save money and not have to offer health care insurance to employees some large companies have stated that they will move their workforce to part-time employment. A positive impact will be cost savings to Americans who think they are trapped in their current job and are working for the health care benefits. With the ability to purchase their own health care plan, the individual may feel freer to move to a different position or company with financial benefits to his or her personal economy. When people have more money, they spend more money. In addition, with provisions for Americans with disabilities who may not have been able to move off government assistance…

    • 1034 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    What we can think of as the current era of health care is one in which economic and financial considerations will dominate the delivery system, complementary and alternative medical practices will continue to rise, an aging population will present many dilemmas, efforts will be made to keep patients out of institutions, patient safety and health quality will become of increasing concern for hospitals and other health care providers, managed care has been shown to not be effective and will be supplanted by other types of products, and the use of electronic and digital media will play an increasingly important role in health…

    • 231 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The health care expenditures nationwide in the America have been on the increase more hastily than financial organization for innumerable centuries, nevertheless numerous citizens in America are still deficient with sufficient health care. it is sad that health care expenses is going to continue to rise, which is causing many citizens in America to make the difficult decisions involving emergencies, health care and additional accountabilities in their daily lives if the start of a reform, is not starting. By creating a reform, it gives hope to Americans that increases to affordable, high-quality health care for all citizens.…

    • 738 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Hca/240 Final

    • 1836 Words
    • 8 Pages

    Aging is so important to look at when it comes to your health because as you grow older there are more and more health issues and diseases you become susceptible to being diagnosed with. The age of American’s is changing and will continue to change drastically over the next 10-20 years. One of the reasons healthcare costs are exploding is because of our aging demographics. The 76 million “Baby Boomers” are entering their golden years, and as a result are consuming more healthcare products and services. When there was the “baby boom” era population increased rapidly. Now in this day all of those babies born during the baby boom are now older. This causes us to take on additional problems such as healthcare coverage, housing, and prescription’s for the elderly which is hurting our country as a whole financially.…

    • 1836 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Additional forces for change in healthcare include the overall growing demands for care, an aging population, increasing diversity, increasing health inequalities, an economic climate where more is expected for less, increasing competition, increase in availability and use of information technology in healthcare, promotion of patient and staff safety (Burritt, 2005).…

    • 865 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Quality Health Services

    • 300 Words
    • 2 Pages

    The major impediments to quality health services are economic barriers that dissuade providers from providing care, discourage patients from seeking care, and can cause more serious health problems in the long run, organizational that mostly deals with social factors and distribution, and managerial which mostly deals with resources. Universal access to care will help alleviate the financial aspects as well as laws that penalize providers who turn away uninsured or underinsured. In order to better distribute providers there should be incentives for those who practice in areas with shortages and financial incentive for those who work in low income or rural areas.…

    • 300 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Managed Care Analysis

    • 851 Words
    • 4 Pages

    Today, many Americans are affected by health care decisions made without their prior knowledge. More than likely most Americans are unsure how those decisions are decided and who is responsible for making those decisions that ultimately affect how health care is administered (Kongstvedt, 2016). The Department of Health and Human Services (HHS) is the United States government’s principal agency for protecting the health of all Americans and for providing essential human services, especially to those who are unable to help themselves. Health care in the United States has been an ongoing dispute and a major concern to all involved from the provider to the consumer. The Managed Care Answer Guide is designed to help people…

    • 851 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Health care, and the lack thereof, in the United States have always been and will continue to be an issue. Currently, the United States does not have Universal Healthcare and those that do have health care coverage should feel privileged. The purpose of this paper is to discuss the: a) way healthcare is currently delivered, b) the history of health care reform, c) the current healthcare reform act, and d) what healthcare will be like in the future.…

    • 1756 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Rising Health Care Costs

    • 463 Words
    • 2 Pages

    drugs, chronic disease, aging of the population, Administrative costs. For several years, spending on new…

    • 463 Words
    • 2 Pages
    Good Essays
  • Best Essays

    No one can argue that the United States of America has a grave need for some type of national healthcare system one reason for this is the rapidly rising cost of health care. The rising cost of healthcare is due to several factors. The main causes are technology, prescription drugs, chronic diseases, aging populations, and rising administrative cost. The cost of technology and prescription drugs has sky rocketed over the last several years. Analysts agree that the rising demand for the development of technology driven services and prescription drugs whether they are more effective than previous technologies and drugs or not has a large direct effect on the total healthcare cost. Consumers are demanding availability of these more expensive technologies and drugs as they are developed, even if they are not as cost…

    • 1545 Words
    • 7 Pages
    Best Essays
  • Better Essays

    Demographic Paper

    • 927 Words
    • 4 Pages

    Between 2000 and 2050, the number of ageing population will increase by 135% During this time period, the proportion of the population that is over the age of 65 will increase from 12.7% in 2000 to 20.3% in 2050; the proportion of the population that is age 85 and older will increase from 1.6% in 2000 to 4.8% in 2050 ((Wiener & Tilly, 2002). The market for health care services will increase with the ageing of the societies and because the ageing process will not stop, the health care market and hospitals will have to adapt to the changes of their patients. The health of older Americans is improving. Still, many are disabled and suffer from chronic conditions needing a longer recovery time, temporary assistance and support to take care of themselves (Mierla_Florina, 2008). Since the ageing population will require focusing on these chronic diseases, the style of medicine will be required to change to correct the ongoing management of theses disease and disabilities. With these chronic illnesses long term care services such as nursing homes, home health, personal care and adult day care will become important sources of care ((Wiener & Tilly, 2002).…

    • 927 Words
    • 4 Pages
    Better Essays
  • Better Essays

    When we look at the history of health care economics we can clearly see that we have come a long way since that house call from the doctor to our ‘little house on the prairie’ days. We are no longer a small population of townspeople needing a teaspoon of medicine from the bottle, out of the doctor’s black bag, that seems to be a cure for almost any illness. We are now a nation of millions and we have numerous doctors, nurses, technicians and many other healthcare professionals to choose from. We have access to many health care services that provide us with many levels of care, and we have advanced in medical technology. These advances in health care have not come without their toll on the economy; the health care industry has become a trillion dollar empire. The reason for this is people value their health above most other things and are willing to spend their money to stay healthy.…

    • 1224 Words
    • 5 Pages
    Better Essays