Effects Of Healthcare Spending

1041 Words5 Pages
Healthcare spending in the United States has grown drastically as scientific advance and integrating evidence-based practice has allowed “baby boomers” and others to live longer lives. Due to these factors, it is important to discuss how Helping Hands Healthcare can remain a facility dedicated to excellent long-term care. Also, it is imperative that our community-based organizations continue to provide preventive healthcare services. Therefore, financial spending in at this facility must be managed wisely. 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…show more content…
The theory of this method is that primary care physicians, hospitals, and specialists agree to accept full responsibility of the total costs of care for patients for a population of patients. Organizations that chose to participate in ACOs must meet specific targets and keep spending below budget. The result for accomplishing this is that the facility would receive half of the savings while the rest goes to the Centers for Medicare and Medicaid Services, which manages the program. However, if they are not able to meet these requirements, the ACOs must repay if spending exceeds the pre-approved…show more content…
Performance measures are useful for determining quality of care, as well as, helping to improve patient outcomes. Earlier performance measures were “clinically focused, developed to help define the quality of care delivered by clinicians (both individually and collectively); however, the ultimate goal of performance measurement and assessment is to improve patient outcomes, including health status (quality of life, symptom burden, and functional status), morbidity, and mortality”(Peterson et al., 2014, p. 2135). By continuing to promote disease prevention and healthy lifestyles through community programs, our patient-centered health model will alleviate readmissions, reduce hospitalizations, enhance patient outcomes, which can decrease overall financial burdens. Another approach that could assist Helping Hands Healthcare involves a “medical home in which our primary care physicians received additional payments and support for coordinating care for patients while working toward the goal of improving care for chronic diseases and prevent costly complications”(McClellan, 2011, p. 77). This model is patient-centered and emphasizes collaborative care coordination, patient involvement, and overall health of the
Open Document