Preview

Healthcare Cost Benefit Analysis

Good Essays
Open Document
Open Document
770 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Healthcare Cost Benefit Analysis
From the analysis of the above information, overload is the larger problem at our facility. The facility acutely experiences adoption challenges and must actively work within a limited environment to overcome them. Finding the right program, exploring how to incorporate it, updating and training the staff on how to use it. Additionally, our facility is more likely to bear adverse outcomes of a dynamic, a volatile health IT field, especially since we face significant financial risk if we take on debt to invest in health technology and fail to meet meaningful use. It is imperative to consider the availability of financial, operational, and institutional resources within our small environment, all of which ultimately affect the success of …show more content…
"hot spots"), many of the root causes for these conditions have taken years if not decades to develop and to eliminate the hot spots will require significant lifestyle changes, some with strong cultural reinforcements, long before the symptoms appear." The following are reasons why this writer is defending this assertion. According to the Agency for Healthcare Research and Quality, "health care expenses in the United States rose from $1,106 per person in 1980 ($255 billion overall) to $6,280 per person in 2004 ($1.9 trillion overall). During this period, health care costs grew faster than the economy as a whole" (2006). With the aging population and the fast growing pace of new medical ideas, this trend is probably going to continue. The facilities under attack to develop strategies to reduce or contain costs consider whether the efforts should be targeted mostly across the entire health care system or more narrowly at specific areas or aspects of care, such as in hot spot …show more content…
It can be a big task for leadership to get everyone on board. Why is it that people resist change? The main reason could include uncertainty, habit, concern about personal loss, and the belief that change is not in the organization's best interest. Change replaces the known with uncertainty. Having to learn new methods, some senior nurses may fear that they will be unable to do what is needed and may develop negative attitudes toward the change or perform poorly while using the new technology. The fact that an organization's culture is made up of relatively stable and permanent characteristics tends to make it resistance to change. A culture takes a long time to form, and once established, it tends to become entrenched. Strong cultures are particularly resistance to change because employees have become committed to them. The change may be slow, but leaders have to stay alerted to protect against any return to old, familiar

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Expenditures has an impact on the health care industry, looking at this article “Health expenditures increased from 12.2 percent of the gross domestic product (GDP) to 13.5 percent in l997 (Levit et al. 1998), and they are expected to reach 16.6 percent of GDP in the year 2007 (Smith et al. 1998). The devotion of a large percentage of the total GDP to health costs is a concern because such dollars are then not available…

    • 538 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    The purpose of this paper is to review and discuss the current level of national healthcare expenditures and to determine if we as Americans are spending too much on healthcare. The author of this paper will provide examples and solutions where we as a nation should add or cut from the healthcare expenditures. This paper will also detail how the general public's healthcare needs are being paid for, the biggest economic healthcare challenge, why the challenge should be addressed, and how this challenge to be financed.…

    • 1633 Words
    • 7 Pages
    Best Essays
  • Powerful Essays

    Today, the United States has what many consider to be the worst health care system in the world. The United States has the most expensive system as it accounts for nearly 17.9% of the Gross Domestic Product (GDP) (The World Factbook, 2013). This amounts to a cost of $8608 per person (Health Expenditure per Capita, 2013). The extreme cost of health care make it the leading cause of bankruptcy throughout the United States, and the reason why there are over 48.6 million people who are uninsured with no access to health care at all (Howard, Access and Underserved). This high cost has not translated…

    • 5252 Words
    • 22 Pages
    Powerful Essays
  • Better Essays

    Changes are often difficult to make and, are usually resisted from the top because control of the company is centralized. The result is a poor culture…

    • 1139 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Culture plays an important part in the change of the organization, having a culturally diverse organization brings different outlooks and ideas to the organization that allows everyone to play a part and sit down and see what works best for the corporation. Change within an organization can cause stress and chaos. Most organizations fail to implement change due to employee resistance; most people are not pro-change because they are set in their ways. High end companies that are constantly pushing change and following through will…

    • 2388 Words
    • 10 Pages
    Better Essays
  • Satisfactory Essays

    The tax amendments done by the newly elected democratic party paying more for health services is beneficial for a tax payer. Our employees will get more tax in return and could be willing to invest in the company's share portfolio due to which the company do not need to buy back shares to face the undervalued share challenges.…

    • 173 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    When it comes to organizational resistance to change this has to be done very carefully. Resistance to change does not only affect just an individual it affects the organization as a whole. Some of the examples of organizational resistance are structural, threats of power, a sinking in costs, special treatments, groups, etc. The structure of the organization is one of the most important things; the structure is the stability, what makes the organization what it is. Power, if an individual or a group feels like their position is being threatened, resistance will be the first thing that happens. Power wars can hurt the memento of work that has been occurring before the changes. Upper management may be a little more resistance when they determine the costs of training; changes happen and learning all again. Special treatments could be given to certain individuals, and the newer individuals are getting tasks, the older staff used to have. An organization has to keep all these in mind when trying to transition organizational change with…

    • 1428 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Rising Healthcare Costs

    • 1586 Words
    • 7 Pages

    Over the past 30 years, the American healthcare system has been plagued by the continuous rise of healthcare costs. These costs include but are not limited to insurance premiums, co-payments as well as prescription drugs. One of the significant reasons for the increase in healthcare costs is that nowadays people are living longer lives than they did in the past and the prevalence rates of contracting chronic diseases and developing life threatening injuries are causing the United States healthcare system to suffer a financial crisis. There are three major industries in the healthcare sector:…

    • 1586 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Cost Of Health Care

    • 1590 Words
    • 7 Pages

    Annual spending on health care increased from $75 billion in 1970 to $2.0 trillion in 2005, and is estimated to reach $4 trillion in 2015. As a share of the economy, health care has more than doubled over the past 35 years, rising from 7.2% of GDP in 1970 to 16.0% of GDP in 2005, and is projected to be 20% of GDP in 2015. The annual rate of inflation of expenditure on health care 2002-2004 was about 8.4%, which far exceeded the rate of inflation for all other items in the United States economy ("How Changes in Medical Technology Affect Health Care Cost": 2007).…

    • 1590 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Caterpillar

    • 411 Words
    • 2 Pages

    | |Why is it difficult to change a company’s organizational culture, and how can management know when a permanent change has successfully occurred?…

    • 411 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Health Care Spending

    • 1339 Words
    • 6 Pages

    Health care is a huge added player in the hat rides the Current national expenditure levels in the United States has more than tripled in the past decade, while the amount of Americans that can afford private health insurance has dropped and the number of people relying on Medicaid and Medicare has increased with the aging baby boomer generation. Medicaid and Medicare being two of the governments most used medical insurances, the spending in health care has grown faster than the economy can bear. The Medicare physician reimbursement system provides a kind of “public good” for other insurance programs; that is, it offers a universally understood and practiced standard fee schedule that insurance companies can adopt or easily modify by changing the dollar conversion factor or separating certain categories. Medicaid, BlueCross, and commercial insurance contracts that cover the 87 percent of the population under age 65 often base their payments on a modified form of the Medicare RBRVS or use Medicare payment levels as a benchmark(Getzen & Moore, 2007).…

    • 1339 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    The Cost Of Health Care

    • 2150 Words
    • 6 Pages

    Health care cost have been on the rise for some time. To find solutions to the problem of rising health care costs, we must look at what we have done in the past. We must look at the highlights of what worked and what did not to even begin to understand where to start our search to reduce the cost of health care in America. In the 1920s, the rising…

    • 2150 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Organisation culture does play a key role in whether change can be implemented and managed successfully. A business where employees are used to ongoing change and where internal communication is effective can handle significant change well, even in a hostile market environment. Good example: the restructuring of professional services firms such as KPMG & PwC during the recession. Similarly, employees in a business with a prevailing culture of resistance and confrontation to change will typically respond predictably during a period of major upheaval.…

    • 496 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Cost Benefit Analysis

    • 1463 Words
    • 6 Pages

    Explain the principles behind cost benefit analysis. Is the use of cost benefit analysis essential in the appraisal of public spending? Discuss this in the light of a transport capital expenditure project with which you are familiar.…

    • 1463 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Telenor Hrm Report

    • 2881 Words
    • 12 Pages

    The culture is one in which every employee is treated as if he or she is the most significant person in the company regardless of his position. Excellence is demanded from everyone at the company from assembly line workers to the CEO. There is a saying that the only constant thing in life is the change. It is a natural phenomenon that every individually responds negatively to the changes in the normal settings. Normally the changes in the strategies encourage developing new conflicts among the employees and with the management.…

    • 2881 Words
    • 12 Pages
    Powerful Essays

Related Topics