Health Care Spending: Article Analysis
After researching a few reasons why health care is rising, it all came down to the industry exploring new medical technologies. It occurred to me that this should be a good thing because better technology means more people can be treated with better care. However, an increase in medical technology will become more expensive. It can tend to cost more than older versions of treatment. Nevertheless, the total cost is still a function of the amount of people that are receiving treatment for a condition. The rise in a treated-case could reflect improvements in medical technology that will allow treatment to a particular condition. According to the article “Which Medical Conditions Account for the Rise in Health Care Spending?”, several studies
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It is a basic strategy for survival and included in a lot of industries today to help keep process for products and services. There is a ton of potential to reduce the waste in health care. There are five categories that show how the total cost of waste are used both for Medicare and Medicaid. The first one would be failure of care delivery, it includes the waste that comes with the lack of poor execution for example, patient safety systems and care practices that have been shown to be effective. It results in injuries that patients have and worse clinical outcomes. According to the article “Eliminating Waste in US Health Care”, they have already estimated that this category represented between $102 billion and $154 billion for wasteful spending. The second thing they can do to reduce spending is to have better care coordination. It becomes a waste when patients fall through boards in fragmented care. It results in complications, causes hospital readmissions, and also declines in functional status. This occurs especially for the chronically ill, for care coordination is a big essential for function and health. They estimated that this category wastes between $25 billion and $45 billion. Overtreatment would be the third reason that the health care is increasing. Patients are wanting their own preferences when it comes to that they want. Examples include the overuse of antibiotics and use of surgery when wasting is actually the smarter choice, Also, people want unwanted ICU at the end of life instead they prefer hospice and home care. Increased spending also falls back on the accreditation agencies and payers as well. It is because they sometimes create inefficient or misguided rules. An example would be if payers fail to standardize certain forms, therefore prolonging consuming limited physician time and it causes long billing procedures. The fifth and last problem would
It is a basic strategy for survival and included in a lot of industries today to help keep process for products and services. There is a ton of potential to reduce the waste in health care. There are five categories that show how the total cost of waste are used both for Medicare and Medicaid. The first one would be failure of care delivery, it includes the waste that comes with the lack of poor execution for example, patient safety systems and care practices that have been shown to be effective. It results in injuries that patients have and worse clinical outcomes. According to the article “Eliminating Waste in US Health Care”, they have already estimated that this category represented between $102 billion and $154 billion for wasteful spending. The second thing they can do to reduce spending is to have better care coordination. It becomes a waste when patients fall through boards in fragmented care. It results in complications, causes hospital readmissions, and also declines in functional status. This occurs especially for the chronically ill, for care coordination is a big essential for function and health. They estimated that this category wastes between $25 billion and $45 billion. Overtreatment would be the third reason that the health care is increasing. Patients are wanting their own preferences when it comes to that they want. Examples include the overuse of antibiotics and use of surgery when wasting is actually the smarter choice, Also, people want unwanted ICU at the end of life instead they prefer hospice and home care. Increased spending also falls back on the accreditation agencies and payers as well. It is because they sometimes create inefficient or misguided rules. An example would be if payers fail to standardize certain forms, therefore prolonging consuming limited physician time and it causes long billing procedures. The fifth and last problem would