Hospital Trends in The Current Economic Environment Essay

Hospital Trends in The Current Economic Environment Essay

Length: 1043 words (3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Hospital Trends
1. How is the current economic environment affecting hospitals?
According to the article, “The Economic Downturn and Its Impact on Hospitals”, the current economic environment is affecting hospitals and other heath care facilities in a number of ways. The most common issue relates to inability of the hospitals to obtain and secure relevant financing that enables health institutions to meet their daily obligations. Since most payments in hospitals lags behind the amount expected to deliver health care, most of the times hospitals are forced to borrow funds from financial institutions to meet their operating expenses. With this issue of economic downturn, borrowing funds from financial institutions has become very difficult, and the little loans obtained have become very expensive to repay (TREADWATCH, 2009).
Another effect include the problem of increased number of patients under the government Medicaid program, the uninsured, and the underinsured .The crisis made many people lose their jobs hence limiting the amount of money payable to medical insurance companies, which on the other hand reduce the amount payable to the hospitals. Another effect includes loss of jobs to both health specialists and low cadre staff, which has been attributed to increased uncertainty of when the current situation will improve (Jimmy, 2000). Many opponents of the recession claim that many health practitioners in the end might quit their medical practices rather than agree to receive reduced reimbursements from the government Medicare programs.

2. What changes in goals and strategy are hospitals likely to employ in the current environment?
Given the effects and seriousness of this situation, hospitals need to be very conv...


... middle of paper ...


...unity relates to the idea of health institutions engaging in other money generating projects.
Conclusion
After analyzing all the above issues about recession in health care sector, I am contented that health care reforms are very much needed and they require the support of the people because they are the ones’ who pay taxes and should be effectively addressed by providing them with good health services.







































Works Cited

Jimmy, K. (2000). ‘Health care reforms after Recession.’ American Psychiatric Association, 3(2), 23-65.

TREADWATCH. (2009). The Economic Downturn and Its Impact on Hospitals (pdf). Retrieved from http://www.aha.org/aha/research-and-trends/index.html

Primer, A. (2007). ‘Medicare.’ Journal of Health, 2(7), 12-27. Retrieved from

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on The Hospital Based Nursing Programs

- There are a variety of options, both online and in brick-and-mortar universities, for the person that is seeking an educational pathway to follow into the honorable, exciting, and fast-paced profession of nursing. The historical cornerstone of a nurse’s education is the diploma programs founded by hospitals to draft qualified female students from the various communities to educate them on all aspects of the field of nursing. The educational format consisted of the discussion of the processes involved in the procedure, demonstration of the process to the class, and then allowing students to perform the procedure under the watchful eye of the instructor....   [tags: nursing, registered nurse, hospital]

Better Essays
864 words (2.5 pages)

Analysis of the Johns Hopkins Hospital Essay examples

- Ratio Analysis Organizations use financial statements and ratio analysis assess financial performance viability. The ratio analysis are used to identify trends and to perform organizational comparison (financial) with other companies within same industry. Ratio analysis, using data reported on the financial statements, are divided into five major categories: common size, liquidity, solvency, efficiency, and profitability. This paper will assess the financial stability of John Hopkins Hospital (JHH) using the five ratio analysis....   [tags: The essay concerns a specific organization.]

Better Essays
1049 words (3 pages)

The Woman's Hospital of Texas Essay

- I have chosen The Woman's Hospital of Texas for my LTT1 task. It was founded in 1976 in Houston, TX. The Woman’s Hospital of Texas is affiliated by the Hospital Corporation of America (HCA), which offers health services for women and newborns. The Woman’s Hospital of Texas has been one of the state’s foremost care providers for women and newborns for more than 30 years with over 650 board-certified physicians. The hospital also received a High-Performing ranking in gynecology in the U.S. News & World Report's (2008) annual survey with an overall ranking of #40 in Texas, recognized in Gulf Coast and ranked #13 in Houston metro area....   [tags: medical services, patients]

Better Essays
1666 words (4.8 pages)

Prevention Trends And Health Of The Affordable Care Act Essays

- Local, national, and state communities have a growing number of difficulties and problems to attaining and providing equal access to high quality health care and cost-effective for increasingly diverse population. Delivering services to health care consumers and their families define the responsibilities and roles in further actions. The advocacy role is gradually improved and becomes significant in the era of the Affordable Care Act. Since providers are required to make services inexpensive to focus on preventive health care and advocacy....   [tags: Health care, Health economics, Public health]

Better Essays
754 words (2.2 pages)

Essay on The Start of Banfield Pet Hospital: SWOT Analysis

- Corporate name, founding date, founding leaders Banfield Pet Hospital was founded in Portland, Oregon in 1955 by Warren J. Wegert (Banfield Pet Hospital, 2013). The start of Banfield Pet Hospital The hospital was founded with a vision to provide high quality veterinary medicine. In 1987, Scott Campbell purchased Banfield with $2 million in revenues already invested (Banfield Pet Hospital, 2013). In 1994, the pet store chain PetSmart, teamed up with MMI to open the Banfield Pet Hospital within their stores....   [tags: veterinarians, health concerns]

Better Essays
1097 words (3.1 pages)

The Current Overuse Of Antibiotics And Antimicrobial Agents Essay

- The beginning of the video summarized the main idea by explaining the current overuse and misuse of antibiotics and antimicrobial agents and how these affect bacteria and us. First, the video explained that viruses and bacteria can both make us sick but they are different. Viruses and bacteria cannot both be treated with antibiotics. Viruses need a host cell, are smaller, and unable to be treated with use of antibiotics. Bacteria are larger, independent living, have generation time of 20-30 minutes, and unlike viruses, many play an important role in our environment....   [tags: Bacteria, Antibiotic resistance, Penicillin]

Better Essays
786 words (2.2 pages)

The Current Model Of Primary Health Care Essay

- Gaps in access to health care among homeless persons and changing health care needs due to an aging demographic will have profound effects on the Canadian health care system. These recent trends in the Canadian health care system highlight a number of opportunities for occupational therapists to assume leadership roles on health care teams in order to contribute to a successful health care delivery system. On any given night, thousands of Canadians are homeless. A lack of a stable and supportive living environment is detrimental to one’s health and well-being, and presents many barriers to engagement in meaningful and productive occupations....   [tags: Medicine, Health economics, Health care]

Better Essays
754 words (2.2 pages)

Essay about Steps At A Strategic Action Plan

- Fall prevention needs to be the target of many hospitals. Falls occur each year in hospitals and can be detrimental to the patient, especially the elderly patient (Peel, Travers, Bell, & Smith, 2010). Falls can lead to broken bones, longer stays in the hospital and potentially can lead to death. Falls are expensive to both the patient and the hospital (Trepanier & Hilsenbeck, 2014). This paper would like to take a look at a strategic action plan that would help to prevent falls. This plan of action will includes organizational changes that are geared towards fall prevention....   [tags: Patient, Nurse, Hospital, Nursing]

Better Essays
1526 words (4.4 pages)

A Study On Clinical Nurse Leaders Essay

- Clinical Nurse Leaders (CNLs) perform a balancing act that encompasses patient, administration and nurse practitioner interests. They are key executives in contemporary hospital settings. Prospective CNLs must obtain a master’s degree to qualify for this career track. Hospital administrators trust nurse leaders as nursing pool heads. CNLs also monitor and control the caregiving environment. As America’s healthcare needs increase, so will the need for Clinical Nurse Leaders. Becoming a Clinical Nurse Leader A master’s education is a prerequisite for the CNL role....   [tags: Nursing, Patient, Nurse, Hospital]

Better Essays
1204 words (3.4 pages)

Shift Analysis On The Community Essay

- Shift-to-Shift Handoff Report Caring for a large number of patients in hospitals daily can result in up to four shift changes in 24 hours and potential opportunities for miscommunication resulting in errors and adverse events. These preventable errors can lead to deaths, chronic illnesses, injuries, disabilities and a huge financial burden on individuals and healthcare systems. Literature from several countries indicates that almost 60- 70% of adverse events in hospitals are caused by breakdown of communication including those happening during shift-to-shift handoff reports....   [tags: Hospital, Patient, Health care]

Better Essays
1340 words (3.8 pages)