The employer mandate will allow large employers to provide health coverage to their full time employees at descent rates and the individual mandate will allow Americans to purchase federal subsidized... ... middle of paper ... ...lthcare system is slowly shifting from volume to value based care for quality purposes. By allowing physicians to receive payments on value over volume, patients receive quality of care and overall healthcare costs are lowered. The patients’ healthcare experience will be measured in terms of quality instead of how many appointments a physician has. Also, Medicare and Medicaid reimbursements are prompting hospitals, physicians and other healthcare organizations to make the value shifts. In response to the evolving healthcare cost, ways to reduce health care cost will be examined.
One way to ensure such efficiency is to use a carefully planned and managed inventory control system that can reduce the amount of cash an organization has tied up in inventory. Being familiar with Just-In-Time Inventory, you know it is a proven system that helps reduce the costs of managing inventory. At a meeting of the hospital's executive committee you recommend that the hospital save money by using a just-in-time inventory system to manage its drug supply. You suggest discontinuing the hospital's large stockpile of drugs, especially expensive cancer treatment drugs that tie up a great deal of the hospital's cash and shift to ordering them just when they are needed. Several members seem to like the idea, but the doctors in charge of practicing medicine and oncology are out-raged, claiming you are sacrificing patients’ well-being for cash.
There are new challenges every year in the health care field. Research on the future of U.S Healthcare System is of paramount importance to the entire Health care industry as well as the citizens of the U.S. To begin with, the research will discuss how challenges for future healthcare services can be enhanced by reducing the costs of medication. By creating a better quality of health care, Information technology advancements, including future funding, lower rising costs, the Medicare and Medicaid programs. The research will also discuss the challenges of market shares for different ages of populating and maintaining a skilled work place. It will further discuss the tentative solutions to these challenges.
Within that discipline, human resources manager’s development strategic projects for damages, harmonization of performance management systems with the structure of damages negotiations and the monitor the benefits of healthcare team. Examples of resource manager responsibility include attending human Family Medical Leave Act of conformity and compliance with the provisions concerning the confidentiality of health record of workers. HR managers for the small enterprises could also conduct open enrolment for fi... ... middle of paper ... ...dures. But, a HR manager is a mainly responsible for the decisions relating to the business name, as it relates to recruitment and retention talented employees. For example, an human resources manager in the healthcare business might use his knowledge on the nursing deficiencies developing a strategic for employee retention, or to maintain existing staffing levels.
“The Independence at Home Demonstration will award incentive payments to healthcare providers who succeed in reducing Medicare expenditures and meet designated quality measures. ”(www.partnershipforpatients.cms.gov) The Community Based Care Transitions Project(CCTP) is working to decrease hospital readmissions, maintain the quality of patients health and to document medicare savings. Project BOOST is Better Outcomes for Older Adults through Safe Transitions, and is working on increasing the care of patients as they transition to home or another agency. The Transitional Care Model is based on inhospital planning of the chronically ill to provide high quality care for the... ... middle of paper ... ... on national certication standards, reducing regulations on our scope of practice, and understand the importance of reimbursement for APRN’s care. References Hamric, A.
This paper has discussed these aspects in detail to set a framework that can receive certain considerations by the policy makers by reviewing those aspects that have dire negative impact on businesses. This would create an environment where both large and small business will be at an advantage to offer a health insurance covers to their employees, and everybody will benefit from the healthcare reforms.
This has been observed by the experts in the field of healthcare markets and hence, they keep coming up with brilliant strategies to sell us their services, and keep us happy. Healthcare is a dynamic enterprise by nature which devotes immense resources for the creation of new therapies, drugs and aiding medical devices. Beyond this technological advancement, there is also a financial insight which involves the short and long term planning in this sector. This insight continues to change over time due to the constant barrage of mergers and acquisitions in healthcare organizations. The entry of profit components in this industry is making it compulsive for such organizations to shift the marketing function from the periphery of healthcare to the centers.
The article examines the incentives to physician strategy for reducing utilization cost. The Physician Guide to Managed Care (1994) describes HMOs the case management procedures used to control cost through hospital length of stay and admissions. Much of the focus regarding HMO controlling cost is based around physician incentives. According to The National Bureau of Economic Research (2002), physicians in a HMO network would receive a sizable bonus in exchange for keeping patient cost below target levels. Physicians would achieve lowering utilization cost by: teaching patients to better manage their chronic diseases to avoid hospital visits, by not encouraging unnecessary testing or specialty referrals, and by offering extended office hours and answering services to reduce emergency room visits.
Global payment enables providers to reduce unnecessary care and bring down spending under control but creates incentives for providers to restrain the supply of services. The Obama administration recently made some changes to physicians and outpatient method of payment. The five levels clinic and outpatient codes have been replaced by a single code. Physicians will be reimbursed based on the chronic care management fee.
Moreover with the strategic plan to hire more nurses and healthcare providers, such as in home visits offer the opportunity to assess the patient’s medication regimens, offer routine physical evaluations and react to any health care demands (Triad Business Journal, 2013). United Healthcare plans and suppliers envision such normal, preventive care will take off emergency room, office visits or health care facility stays for more genuine, and costly, problems in the future (Triad Business Journal,