Healthcare System The Highest Quality Medical Care

I have chosen the topic “Examine the financial characteristics of health care delivery along with managing costs, revenues, and human

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

Instead, the findings suggest the higher spending is more likely due to higher prices and perhaps more readily accessible technology and greater obesity. Health care quality in the U.S. varies and is not notably superior to the far less expensive systems in the other study countries [Abstract].

“Health care spending in United States has been increasing in fast growing rate. As compare to 1980 when the health care cost was $256 billion. It has been increased now with $2.6 trillion in 2010. The cost was increased by tenth times from the past. The major driving forces behind it are following. Increases administrative cost also fueling the overhead cost and one of the major contributing drivers of health care spending as it is the 7% of all the cost spend on health care.” (Bluegrass, 2013). The cost to manage the system has been increasing as the demand for health care benefits. Expenditure on healthcare is increasing as the population demand and number of disease increases. It needs the increased expenses on administration as well.

Now that the best health care system in the world (Faguet, 2013, p.7) has been demolished after the passing of the Patient Protection and Affordable Care Act (ACA) in March of 2010, how have Americans allowed these historical problems to happen to them? Much of the legislation was written to confuse the average American so that they would not understand what was being done to them (Gruber, 2014). The ACA was more than 2000 pages in length and most, if not all, of the members of Congress did not even read the bill before they voted on it. The House Speaker leader at the time, Nancy Pelosi, went on record saying that "We have to pass the bill to find out what is in it." Based on the exact words of the number one architect of the Affordable

There have been several failed attempts over the years to control the costs of healthcare. Consequently, a major change in government policy took effect in 2010, with additional implementation in 2014, which is known as Obamacare. Furthermore, there are three main problems with the healthcare system in the United States that need reform, which include increasing costs and unaffordability of healthcare, restricted access to care, and poor quality of care (Geyman, 2012). The purpose of this paper is to investigate the costs of healthcare.

Health care economics is important to understand when providing patient care. There is this issue of costs of healthcare procedures that give little or no benefit to patients. According to an article, it is mentioned that “The United States spends more money on healthcare yet than any other country and measures nowhere near to the top when it comes to infant mortality and life expectancy (Blackstone & Fuhr, 2016). In 2010, accountable care organizations (ACOs) were instituted to reduce cost and improve patient care. In order to reduce costs and improve care quality, ACOs need to decrease the use of unnecessary services.

The performance of the United States health care system on both cost and quality has long been a subject of controversy with some arguing that it’s the best in the world, but others, increasingly well-armed with international comparisons, making the case that health care in the US is consistently underperforming, particularly considering the relative level of health care expenditures. Perhaps less arguable is the fact that we have not fully realized the hope that a common quality measurement and reporting system would galvanize and accelerate broad improvement, both at the level of institutions as well as health systems. There has been notable progress in a limited range of outcomes, such as cardiovascular mortality and central line-associated bloodstream infections, but improvement in US health care remains spotty and slow in all aspects of the six Institute of Medicine (IOM) dimensions at the national and state levels. , The persistence of large disparities in quality of care and dismal progress in closing equity gaps is especially discouraging. Much more is needed and should be possible if we can more effectively link quality measurement and improvement.

The American health care system is considered as the most competitive, inefficient, heterogeneous, and advanced care system across the globe. This is despite of the increased government expenditures on this sector and numerous initiatives to reform health care to enhance its efficiency while improving patient outcomes. Numerous concerns regarding the efficiency of the health sector in the United States has been fueled by the dissatisfaction among Americans regarding the healthcare system. This is particularly because of the fact that the United States government spends more money on annual basis as compared to other developed nations. As a result, the future of the U.S. health care system is evaluated based on barriers, challenges, expectations, and cost-effectiveness of the health industry.

Hospitals are viewed unfavorably by most patients for the elevated (and often surprise) costs, care quality, and their lack of follow up to the provided care. “Who could feel sympathy for a billion-dollar corporation?” (Gunderman, 2013). Our payor-driven (as opposed to consumer-driven) health system has resulted in inflated costs, increased waste, and a race where executives continuously search for ways to increase their revenue share to stay relevant in market size, instead of improving patient care quality. Unfortunately, the increased level utilization linked payment system discourages investment in the most basic mantra: health quality.

The U.S. health care system is the subject of much differentiating debates. On one side we have those who argue that Americans have the “best health care system in the world”, pointing to our freely available medical technology and state-of-the-art facilities that have become so highly symbolic of its system. On the hand we have those who criticize the American system as being fragmented and inefficient, pointing to the fact that America spends more on health care than any other country in the world yet still suffers from massive un-insurance, uneven quality, and administrative waste. Understanding the debate between these two diametrically opposed viewpoints requires a basic understanding of the structure of the U.S. health care system.

Is there only one answer to forming a perfect healthcare system? The healthcare system is in desperate need of a transformation, but what is the right answer? Do we look to other countries for answers? Should we model our healthcare after other countries? Should the government control the care that a patient receives and dictate what treatment plans are available?

Does america have the best health care system in the world? A health system is sometimes referred to as the health care system. The health care is the organization of people, institutions, and resources that deliver health care services to meet the health needs of target populations. There are different healthcare systems around the world.

The challenge of aligning the quality and cost of healthcare has been a thorn in the side of healthcare leaders for many years. A multitude of quality and value issues are imbedded in our complex healthcare landscape, including a lack of primary care providers, physician alignment (or misalignment), disjointed quality initiatives, a lack of decision based support tools, and lack of patient facing data to help patients and doctors make joint decisions. Here we will discuss what I find to be three of the largest roadblocks in bringing cost, quality, and value to American healthcare; misalignment of the payment system and patient outcomes, the burden on physicians to engage in quality and cost-savings initiatives, and a lack of clinical data availability and transparency.

Health care systems around the world are struggling with rising costs and unequal quality of care and many solutions like error reduction, enforcing practice guidelines and implementation of Electronic Medical Records were tried without much effect (Porter & Lee, 2013). The primary goal of any Country’s health care system is to provide high quality and cost effective care, which produces quality patient outcomes for all.