Preview

HSA 510 Healthcare Market

Better Essays
Open Document
Open Document
2119 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
HSA 510 Healthcare Market
The Healthcare Market
Strayer University
HSA 510: Health Economics
Dr. David B. Tataw, PhD, FACHE

Healthcare
There are many factors that have influenced the changes of health care economics. Money and technology has definitely been the reason for the change of health care economics over the years. Money is want makes the economy evolve. There will be advancement in technology and there needs to be people are managing these to keep up with the changes. The U.S. has definitely progressed as far as influencing factors to change in new advancement of technology and medical care. Having a good financial manager in your organization will prepare for these upcoming advancements and changes. Money drives these advancements in providing successful health care industries. Most of the funding that comes to make these changes comes from insurance companies but it also affects patients. Patients have to pay for insurance and the money adds up. It can be very expensive to pay for health insurance as well as medical bills and prescription medication. Today in society we provide services in health care for money. Money creates revenue for the organization can pay for supplies, workers, and other things to keep the organization running. Before money was involved physicians would trade in their skills and work for supplies to help you live.
The current health care delivery structure in my state of Ohio
The Affordable Care Act (ACA) went into full effect, ushering in health insurance reforms and new health coverage options that are impacting Americans across the country. Ohio is experiencing changes to its health care delivery system as the state expands Medicaid, targets the uninsured with a federal health insurance marketplace, streamlines health and human services programs, and implements new health care delivery payment systems (PR Newswire US, 2013). In collaboration with CMS, Ohio extended coordinated care to its dual eligible population through an

You May Also Find These Documents Helpful

  • Powerful Essays

    One factor is competition. Competition is an economic reality that is often implemented in order to keep prices low. Another important factor is supply and demand. The supply and demand of health care services can fluctuate depending on the economic environment at a given time. Other things that must be considered when developing a health care reform proposal are negotiated reimbursement rates between the government and providers, and standards set in place by the government for safety and procedures.…

    • 5252 Words
    • 22 Pages
    Powerful Essays
  • 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
  • Good Essays

    Affordable Care ACT

    • 871 Words
    • 4 Pages

    The patient protection and Affordable Care Act of 2010 (ACA) is expected to have a major impact on the financing of healthcare, principally by expanding insurance coverage to approximately 32 million of the current 50.7 million uninsured by 2014. If the goal is reached, 95% of all Americans will have health insurance (Kovner& Knickman, 2011). The Affordable Care Act will expand coverage in two key ways: expanding Medicaid eligibility and through a blend of subsidies and mandates that encourage the working class to purchase affordable insurance coverage in the private market. Medicaid eligibility rates will be expanded so that most people who earn less 133% of the federal poverty level will be covered.…

    • 871 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The current grave state of the economy has had a significant impact on health care across The United States. Massive budget cuts, reduced services, and limited access to care significantly have affected Medicaid patients. Hennepin County Clinic (HCC), a facility that provides health care to Medicaid patients, is dealing with an additional 15% budget cut that will force management to make decisions about which services must be changed or eliminated while still meeting the basic needs of the clients.…

    • 1397 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Hsa 515 Law and Health

    • 1411 Words
    • 6 Pages

    Identify and explain the four elements of proof necessary for a plaintiff to prove a negligence case…

    • 1411 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Terms Comparison Paper

    • 1007 Words
    • 3 Pages

    Economics is often described as the “theory of choice,” and health economics is about the choices people make with regard to health, choices medical providers make in order to care for people and earn money, and choices made collectively (by Congress, community groups, or professional associations). Economy is driven by money. There will exchange of money for services rendered and purchase of goods. In this day and age, you no longer are able to get goods or services by offering the seller a type of service or some other type of goods in exchange. Today’s time the equal barter of trade is a thing of the past. According to Getzen (2007, p. 2), "money drives the health care system just as it does many other activities in a modern industrial society". In this paper, we will identify these terms usually used in economics and health care. We will compare these terms and differentiate what it may mean in health care economics. The terms used for this purpose are Trades, Cost, Resource and Technology.…

    • 1007 Words
    • 3 Pages
    Better Essays
  • Satisfactory Essays

    It is common knowledge that the ACA has granted more Americans access to health care insurance. As discussed earlier, the increase in insured persons means more patients in the already burdened health care system. The up-front cost of providing care to nearly 16.4 million Americans will be great to health care providers and organizations. The ACA presented new concepts to health delivery that move away from the traditional fee-for-service payment model in hopes to increase quality of care, improve patient outcomes, reduce costs, and increase savings to providers and organizations. The Accountable Care Organization (ACO) is a model implemented by the ACA to allow economic incentives for organizations.…

    • 287 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    HSA 505 Opportunities

    • 1665 Words
    • 5 Pages

    Huang, E., & Dunbar, C. (2013). Connecting to patients via social media: A hype or a reality?…

    • 1665 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The Patient Protection and Affordable Care Act also called the Affordable Care Act (ACA) was signed into law on March 23, 2010. It has been the source of many heated political debates and has been under scrutiny since its inception. Currently, 18 percent of our U.S. gross domestic product is spent on healthcare, that equals out to approximately 2.9 trillion dollars and we don’t have the quality care to show as the results. With the costs continually increasing and the lack of positive results, something has to change in our healthcare system. The Affordable Care Act is the cornerstone to help initiate these changes.…

    • 740 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The Affordable Care Act will cut the number of uninsured Americans by more than half. The insurance coverage will cover ninety-four percent of the American population, which reduces about thirty one million uninsured people. One of the substantial changes to our health care system includes having individuals carry health insurance and prohibiting insurers from denying health insurance coverage due to preexisting condition. It will change the focus of our nation’s health care system from treating sick people to prevention, increasing access to care and ensuing quality health care for everyone.…

    • 293 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Patient Protection and Affordable Care Act (ACA) that was singed into law March 23, 2010 had the greatest impact in healthcare reform in the United States since the creation of Medicare and Medicaid in 1965. This legislation established emphasis on preventive services with focus on primary care, funds for community health initiatives, and improve quality of care. It also afforded health insurance to millions of Americans who are currently uninsured (OJN). The influx of new patients will stress an already strained healthcare system.…

    • 684 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Managed Care

    • 1408 Words
    • 6 Pages

    The fee- for- services system was used in the U.S. until the twentieth century and, than advance payment was put into place to finance and, manage health care. The reasons for all the rising exposure to health care costs comes from hospitals that choose to become more advanced, have more new technologies which, increased costs onto the patients with higher premiums, patients paying more for services. Hospitals started using new technologies such as, new imaging devices, diagnostic machines, electronic patient filing so, this helped to transform hospitals in keeping up with the new trends, demands of industries and, demands of patients wanting more from hospitals and, getting services they needed yet, it increased costs as, the machines are costly and, hospitals have to have qualified staff to…

    • 1408 Words
    • 6 Pages
    Better Essays
  • Good Essays

    The main purpose of the ACA was to make health care more accessible to everyone. Although the ACA has made some historic contribution to the health care plan, such as people with pre-existing conditions could now be covered under the new guidelines of the ACA. Many people still face an uphill battle to obtain health care (Shin & Regenstein 2016). Many low-income, under insured, publicly insured, immigrants, vulnerable people and families depend on safety net providers for their health care need (Shin & Regenstein 2016). Many community centers, public hospital and non-profit hospital have become safety net facilities for the low-income and uninsured at an even higher rate since the ACA went into effect. The ACA has expanded the Medicaid program, which gives healthcare to 70 million more people who had no form of health insurance before the plan existed, as well as 11.7 million people are covered under the marketplace plan. However, the law has failed to recognize how important safety net facilities are to the uninsured and low-income…

    • 1038 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Overall, health care is the act of taking necessary medical procedures to improve individuals well being. However, not all Ohio individuals have access to proper healthcare and those individuals who do are unable to afford insurance as easily. Through some possible solutions and communities coming together…

    • 136 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    The overall health and quality of life has improved for most Americans over the past few decades. However, good health is usually associated with an individual’s economic status, demographics, and ethnicity. It should be no surprise that minorities in the United States receive unequal treatment from the healthcare system. On the contrary, it is well known that many illegal immigrants are able to obtain free medical services as soon as they enter this country. This essay will analyze the many disparities in the healthcare system and strategies for making improvements.…

    • 3099 Words
    • 13 Pages
    Powerful Essays

Related Topics