People have seen consistent rates of inflation over the past several decades in healthcare. This inflation has been driven by increases in costs for health insurance, technology utilization, and demand for qualified providers and facilities. Consider the many areas in which the U.S. healthcare system has seen steady rises in costs. Imagine you are a financial manager for an organization that has seen significant cost increases in the past few years or decades in an area related to your organization (e.g., supplies, technology, outside services). Prepare an outline for a proposal on how to help reduce or minimize these costs.Use your text as a resource for this assignment plus one other resource from the library. Please cite your sources. The outline should include the following:
Cost that is being looked at
History of increases
Potential future increases
1–2 suggestions for improvement or change
ANSWER
Sure, here is an outline for a proposal on how to help reduce or minimize the cost of healthcare:
Cost that is being looked at:
Healthcare supplies: The cost of healthcare supplies has been increasing steadily in recent years, due to factors such as rising demand, increased complexity of medical procedures, and the introduction of new technologies.
History of increases:
A study by the Kaiser Family Foundation found that the cost of hospital supplies has increased by an average of 5.5% per year since 2000.
The cost of pharmaceuticals has also been increasing rapidly, with an average annual increase of 10% over the past decade.
Potential future increases:
The cost of healthcare supplies is expected to continue to increase in the coming years, driven by factors such as the aging population, the increasing prevalence of chronic diseases, and the development of new medical technologies.
Suggestions for improvement or change:
Negotiate with suppliers: Healthcare organizations can negotiate with suppliers to get better prices on supplies. This can be done by consolidating purchases, developing long-term contracts, and switching to generic or lower-cost brands of supplies.
Use less expensive alternatives: There are often less expensive alternatives to some healthcare supplies. For example, hospitals can use reusable medical devices instead of disposable ones.
Sources:
Kaiser Family Foundation: https://www.kff.org/health-costs/
Centers for Medicare & Medicaid Services:https://data.cms.gov/summary-statistics-on-use-and-payments/medicare-medicaid-spending-by-drug/medicare-part-d-spending-by-drug
Sources
www.citizen.org/article/
Leave a Reply