Healthcare Spending Factors
The United States spends more on healthcare than any other developed countries. During the recession from 2007-2009, there was a downward trend on healthcare spending. Since then the US economy has recovered enough to develop a major program that gives every American the opportunity to obtain healthcare. The Affordable Care Act (ACA) allocated increases access to healthcare leading to a larger need for quality services, which comes at a cost. “The United States has higher prices for health care services and goods, higher use of expensive diagnostic equipment, and more elective surgery, all of which contribute to the high cost”(Mason, Gardner, Hopkins Outlaw, & O’Grady, 2016, p. 483). The rise in healthcare costs has also led to an upsurge of health insurance premiums. Other issues that impact rising healthcare spending include chronic diseases, obesity, and early detection and treatment initiatives. Prior to Medicaid and Medicare programs, the consumer mostly funded healthcare costs. However, introduction of these government programs and private health insurance companies has slowly caused the cost of healthcare in the United States to rise. As the aging population in the U.S. continues to live longe...
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...e treatments are targeted at a large patient population”(Arbel & Greenberg, 2016, p. 3). Helping Hands Healthcare would benefit from becoming a part of an ACO. This would allow us to continue our efforts in providing patient-centered care both in the acute setting and within the community. It is understandable that participation is strictly voluntary for our physicians, since the benefits also come with associated risk. It is our hope that this Board of Directors, as well as, our professional healthcare team will agree that quality healthcare delivery can best be achieved by adopting alternative payment models. Helping Hands Healthcare is open to suggestions that will assist in this transition and appreciate direct communication with individuals involved in decision-making. Together, we will succeed in preparing Helping Hands Healthcare for a stable financial future.
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