HSM 544 Threaded Discussions Week 2 keller

$9.50

HSM 544 Threaded Discussions Week 2 keller
HSM 544 Financing Healthcare and Production Function Analysis Discussions

Description

HSM 544 Threaded Discussions Week 2 keller

HSM 544 Threaded Discussions Week 2 keller

HSM 544 Financing Healthcare and Production Function Analysis Discussions Week 2 All Posts 57 Pages Keller

HSM 544 Financing Healthcare Discussions 1 Week 2 All Posts 31 Pages Keller

Discuss the role of all parties (patient, providers, and payers) to contain costs. Analyze the impact of cost-containment efforts on the rising cost of healthcare.

In 2000, health care spending rose to $1.3 trillion dollars, or an average of $4,637 per person. As a percentage of the Gross Domestic Product (GDP), it grew from 13.1 percent in 1999 to 13.2 percent in 2000. National health expenditures are expected to reach $2.8 trillion in 2011, with an average annual growth rate of 7.3 percent from 2001 to 2011. By growing 2.5 percent faster than the GDP, expenditures will consume approximately 17 percent of the GDP in 2011.

In 2000, spending for health services increased at virtually identical rates in the public (6.9 percent) and private (7.0 percent) sectors. Spending on Medicare, the largest single public health care program rose 5.6 percent in 2000, following much lower growth rates of 0.6 percent in 1998 and 1.5 percent in 1999. For the private sector, the year 2000 marked the third straight year of significantly high growth. During 2000, hospital spending growth was 5.1 percent, the first time since 1993 that hospital spending increased more than 4.0 percent…

HSM 544 Production Function Analysis Discussions 2 Week 2 All Posts 26 Pages Keller

What are the primary steps in a production function analysis? How would you apply these steps in a healthcare organization?

Medicare is in over its head and if it remains along that path it will go under. The federal government needs to figure out what to do contain cost and keep the program afloat, if not it could be detrimental. Private facilities may not want to provide services for Medicare members for fear of not getting paid. As the population ages the number of Medicare members increases as well as the cost, this is why it is important to promote preventative care so that the population would be healthier and would not be reliant on medical care. Though Medicare have good intention, it is quickly becoming problematic and  in jeopardy of increased debt if there isn’t a reform soon.