...issue is the Health Care industry. The downsizing of the healthcare workforce that will result as Baby Boomers retire is upwards of 28%. There is a growing need for qualified, non-generalized employees in the medical field. Coming with the need for employees for the medical positions will be a need for additional HR and IT personnel. The Healthcare field is constantly changing, and HR in this field is projected to fall behind in the coming future. One of the biggest concerns for in future HR trends is that the Baby Boomers are leaving the workforce. This is not an issue by itself, but when paired with the lack of skilled workers joining the field, it is a problem. While on the surface, the problem will effect the staffing; the problem could be more wide reaching and affect the cost and availability of healthcare to the general public. While this trend isn’t specific to healthcare, and all industries are facing challenges, issues arise when organizations, in particular those in the healthcare realm, have skilled senior people as opposed to generalists. Retaining experience is crucial and the current generation is not filling the positions vacated by aging Baby Boomers. These Boomers will soon stop putting into the Medicare and Social Security taxes, yet will begin to draw from them and that money is projected to run out in about 15 years. HR managers face the task of filling the open positions, and what seems to be the trend for this an increase in pay for skilled workers in the...
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...EXECUTIVE SUMMARY Trends come and go, and this is especially true in the healthcare industry where everything is currently constantly changing. It is always important to analyze pros and cons of business trends when deciding whether to implement them in an organization. While there are countless trends to consider, six in particular will be the topic of this discussion: Mergers and acquisitions, consumerism and the role of the patient, outsourcing, Lean Six Sigma, Medicaid Expansion, and Bring Your Own Device. In the ever-changing health care world, different business and finance trends come and go. In the midst of all the uncertainty, there is only one thing for certain and that is the goal of improving the bottom line. There are countless trends on the horizon for healthcare but there are six in particular that will be discussed: Mergers and acquisitions, consumerism and the role of the patient, outsourcing, Lean Six Sigma, Medicaid Expansion, and Bring Your Own Device. Careful consideration of the pros and cons of each trend can help determine whether implementing one or more of them is right for an organization. Mergers and acquisitions are expected to grow within the healthcare industry in the coming months and even years due to the Affordable Care Act. According to KPMG, 60 percent of the healthcare executives it recently polled said they plan to make more deals in 2013 than in 2012. Many of the deals are expected to be mid-market sized or smaller...
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...HMA1: Trends in Healthcare Western Governors University Healthcare Management Case Study HMA1 Linda Gunn August 21, 2010 HMA1: Trends in Healthcare The American healthcare system is in the midst of change. No other time in history has the call for healthcare reform been so strong. It is the emergence of expensive new technologies with an aging population and a new call for equitable quality access of health services for all citizens that have pushed for the impending change. Successful managers will need to understand the impetus for this change. The challenges will provide many opportunities for a manager that is properly prepared to lead and guide their organization. Model trends in the United States. Historically, the United State’s healthcare system has been provider dominated. Physicians ordered and directed care without concern for cost or resources. While complex and ever-changing, the focus was on treatment of infectious diseases such as polio, influenza, small pox. (Shortell & Kaluzny, 2006) Our current model of healthcare places much of the responsibility and burden of the cost of medical care on the individual. American healthcare spending approaches 17% of our gross domestic product (GDP), the highest of any member of the World Health Organization. Our performance consistently underperforms in comparison to our peer nations in such measures as life expectancy, infant mortality and overall level of health. (World Health Organization [WHO], 2000) ...
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...Health Informatics and Healthcare Introduction Health informatics as defined by Shi and Singh 2015, as the application of information science to improve efficiency, accuracy, reliability of healthcare service, and inclusion of healthcare delivery. Healthcare informatics is becoming more complex than any other time in recent memory, the foundation needed to bolster device utilization and interoperability is more expanded, and there is even a more extensive scope of utilization to consider. As the populace ages, there is added pressure to provide patient care choices at home and in the community, implying that medical devices are getting to be a piece of a much bigger ecosystem spreading over the steadily developing continuum. This paper will analyze health informatics and discuss its benefits, trends, current issues, the impact health informatics in healthcare settings, and the role of health managers and the future. An interview will be conducted with a health professional to get their point of view of how health informatics have impacted their workplace, with further discussion of human resources, careers and the future. History The U.S. National Library of Medicine defines health informatics as a collaborative effort of designing, developing, adopting, and applying IT-based ideas in healthcare services delivery, management and planning (Kramer, 2012). In 1949, Gustav Wager of Germany founded the first professional organization for...
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...EMPOWERING THE NEW HEALTHCARE ECOSYSTEM 2 EMPOWERING THE NEW HEALTHCARE ECOSYSTEM Today, the healthcare industry finds itself on the threshold of a new era in which key stakeholders, empowered by technology, are breaking down barriers and redefining what’s possible in medical care. Find out how IT is shaping this new healthcare ecosystem. A NEW ERA Never before has the healthcare industry offered so much hope amid so much uncertainty. In the last decade, we have seen the unlocking of the human genome, which has put personalized and predictive medicine within reach for the first time in history. Advances in biomedicine and pharmaceuticals are achieving unprecedented success against formerly intractable diseases. And the next generation of information technology is sparking innovation across the healthcare value chain. Yet we are also living in a time of great economic and social upheaval, with healthcare businesses and organizations contending with extraordinary new financial, demographic, and regulatory pressures. A challenging global economy continues to strain the bottom lines of providers, payers, and pharmaceutical companies - not to mention the businesses and taxpayers who ultimately foot the bill. What’s more, the economics of healthcare are set to become even tougher in the years ahead as aging populations in industrial countries place new demands on both private and public healthcare systems. Tighter finances and thinning margins have made cost cutting and operational...
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...Health Promotion: Changing Healthcare Trends A trend recognized in today’s healthcare setting is that of a shift from professional dictation to patient directed healthcare. An emphasis on the treatment of disease, which was highly successful in the past, is not the answer for today's healthcare needs. Today, patient education is the primary focus with the emphasis on prevention of disease by screening for risk factors and encouraging patients to practice behaviors that foster good health. In the past patients would seek medical care only after symptoms had developed that interfered with their lifestyle. Todays’ trend reflects patients taking a proactive approach to preventing a disease after they have been exposed to the education through mass media such as commercials, the internet, or brochures obtained from clinics or physicians’ offices. With the advances in technology medical professionals are able to reach far more people than in the past. This technology has given professional nurses the ability to encourage more patients to improve their health while fostering positive behavioral changes, referred to as health promotion. Health promotion is defined as the process of empowering patients to improve their health while fostering behavioral, cognitive and emotional activities as to advocate health and well-being of the population as a whole (Edelman & Mandle, 2010). Lifestyle choices and motivation both play a major role in positive patient outcomes. As stated by Edelman...
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...of contents Sr.No. | Content | Page number | 1 | Abstract | 03 | 2 | Introduction | 04 | 3 | Why health expenditure is important | 04 | 4 | Trends in public spending | 05 | 5 | Core areas of spending | 10 | 6 | Conclusion and critical comments | 11 | 7 | Learning outcomes | 12 | 8 | Bibliography | 12 | Abstract Healthcare is a prime indicator of the development in a country. It is the basic function of a state to look after the needs of its citizens pertaining to health and nutrition. In India, there are high numbers of malnourished and undernourished people, and most of them are children under the age of fourteen. Health expenditure in India is a holistic approach of the government as a welfare state to ensure proper distribution at highly subsidized rates for the resource less people. The paper deliberates upon the government spending on health (Where it spends and how much it spends) and tracing of the changing trends in entailment of expenditure. Key matter of contention includes: * Introduction to public spending on health * Why spending on health is important * Changing trends in public spending on health and family welfare * Core areas where spending is done: analysis with the help of laws * Conclusion and critical analysis Key words: health expenditure, crop distribution, subsidies, changing trends Introduction From the time immemorial, the public spending on health has been a highly discussed issue in the Indian democratic political environment...
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...Healthcare Ecosystems Task 1 Abstract In response to the “Patient Protection and Affordable Care Act (ACA) amended by the Health Care and Education Reconciliation Act (Reconciliation Act), collectively referred to as healthcare reform” (); Wishard-Eskenazi Health of Indianapolis, Indiana has begun to make milestone changes to meet the requirements of the healthcare reform. Being a leader in today’s technology which began thirty years ago with development of one of the nation’s first electronic medical record and continues to excel in the healthcare informatics technology today continues to use this technology in quality improvement initiatives, support for future technology research and improving the quality care of the patient. Wishard-Eskenazi Health remains true to their mission statement and provides a multitude of services to accomplish this statement. With the many legislative changes being brought forward today’s hospitals are forever changing and improving the quality of care provided to the patient. In response to the “Patient Protection and Affordable Care Act (ACA) amended by the Health Care and Education Reconciliation Act (Reconciliation Act), collectively referred to as healthcare reform” ( Basini, 2012); two of Indianapolis, Indiana hospitals have launched a partnership. Community Health Network and Wishard-Eskenazi Health agree to launch this partnership to assist each other in meeting the requirements of the of the Healthcare reform act. Together...
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...saves time because it takes less time to collect, and is less costly in collection and is preferable if it helps researchers to solve the research problem (Davis 71). At my organization, the type of secondary data that is used includes published material, annual reports, computer databases, and policy statements. This collection helps to recognize problems, by looking at current trends in the medical field, clarify problems by reviewing the needs of employees that are enrolled in our benefit plans, and forming feasible alternatives by developing a list of various insurance providers that can offer better coverage to all of our employees domestically and internationally. In working in the human resources department, there are many federal laws that are changing and when it comes to healthcare, many companies are anxiously awaiting any new policies that will influence benefit plans. With the growing concern over healthcare, the company has to be sure to pay attention to all forms of legislation, and use all information from articles, on-line publications, and webinars to remain competitive in an always changing field that helps the company be profitable and allows employees to be able to take care of themselves and their families. Data that is collected secondarily helps managers in the decision-making process in many ways. It can be collected internally, which can be “categorized according to whether the information comes from the unique database or the common database”, or externally...
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...Class Date of submission Healthcare sector in a number of developing countries “take into account the large percentage of such country’s economy.”1 For this reason, healthcare plays a significant role in the economy of any country. Largely, it goes beyond other industries such as the agricultural, education, telecommunications, or even tourism. Having a healthy lifestyle is the dream of every person nowadays. In most of the countries, healthcare system’s history interlocks with the way the community develops as well as its social structures. According to Englebardt and Nelson (2002), local municipalities, trade unions, voluntary organizations, charities, and religious groups, all strive to build the healthcare companies along with the existing systems. The institutions that support healthcare services in the whole country get basis from an environment full of social as well as political factors, and, factors that play very significant in this area. However, despite these factors, the future of healthcare is at stake because of a number of the following inexorable as well as challenging trends. * Shift in demography * Changing user expectations * Rise in the costs as assessed from a global viewpoint * Technological innovation speed Since it is so hard to make things add up in the health sector, as at now, it would be equally hard in the future and perhaps impossible if the current trends were something to depend on. The healthcare faces a challenge in terms...
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...Shriners Hospital Healthcare Delivery System Imagine a child experiences a traumatic event such as a house fire sustaining life-threatening injuries or develops a musculoskeletal disorder and may not walk again. Where would one go with a child such as this? A child that would need an individualized care plan catered to meet his or her needs without financially crippling their family and incorporating them in the healing process. A place of such magnitude and offers multidisciplinary services does exist and that place is Shriners Hospital for Children. Shriners Hospital, founded in 1922, aims to achieve optimum health for its patients by helping each child become healthy and independent. Through its broad range of medical and rehabilitative services, it accomplishes this goal through treatments, surgeries, and therapies in orthotics, prosthetics, occupational, and recreational. To deliver exceptional care, its healthcare delivery structure and the many factors that affect it contributes to its weaknesses and strengths as a non-profit healthcare provider. The following addresses Shriners Hospital healthcare delivery system, the economic, licensing, and regulating factors, trends affecting the industry, and pricing dynamics it encounters. Health Care Delivery Structure Health care delivery structure is the system through which a healthcare organization provides health care services that met the heath needs of the targeted population. The healthcare delivery structure...
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...Emerging Influences on US Healthcare and Its Affects Mary K Gano HC MGT 301 Mr. Anderson October 23, 2015 There are some forces evolving in the United States that are creating an impactful change in the healthcare system as we know it. Not only has our access to healthcare improved, but more people are doing their own research and making informed decisions about the type of healthcare they feel is best for them. In addition, the focus on quality is likely to be enhanced because of coordination and aligned incentives. Consumers will control more of their health care dollars and consumers will become more active in their own health care leading to more consumer decision making. There are also changes in the workforce and the availability of individuals to provide the care which also adds to the need for our changing world to become innovative and look at the provision of healthcare from a different lens. As the sweeping transformation in health care takes hold, several representations appear to be taking shape. Each present’s their own challenges and opportunities, but the following represent different points on the spectrum as widespread emerging influences: medical tourism, workforce tsunami, and Program for All-inclusive Care of the Elderly (PACE). Medical tourism is a phenomenon in which patients are seeking healthcare services overseas (Dunn, 2010). Many times insurance firms encourage patients to pursue their healthcare needs in this fashion. There are several...
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...infirmity (WHO Constitution).Based on this definition there are many things to consider that may affect one’s health. Individual behaviors, economics, and social structure are some things that play a major role in one’s overall health. Today, more than ever, there is growing interest, awareness, and momentum for the promise of performance management and quality improvement. Other sectors – such as industry, healthcare organizations, and business – have successfully used these concepts and tools to improve service delivery and process performance. In public health settings, performance management and quality improvement tools are being promoted and supported as an opportunity to increase the effectiveness of public health agencies, systems, and services. This paper will analyze the key milestones made in shaping the healthcare industry, evaluate the significance of financing and technology in health care, the complexities associated with changing demographics and emergent diseases, and challenges presented to healthcare management. Twenty years ago U.S. healthcare cost $2800, on average, per person. Ten years ago, that figure had risen to $4700 per person. And four years ago, in 2008, it was $7500 per person. (Kaiser Family Foundation Report.) Over the same period, the portion of Americans without insurance has risen. In 1990, 14.1 percent of Americans were uninsured. In 2000, 13.1 percent were uninsured. Today, 16.3% of Americans are uninsured (approximately 50 million...
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...Demographics – Impact of the Aging Population Your Name Here University of Phoenix HCS/490 Health Care Consumer – Trends and Marketing Demographics Demographics is the study of the population as it pertains to particular geographic areas concerning age, sex, race, income, disability, and a host of other determining factors. Demographics of a population can be obtained through various means, the of the most reliable is that obtained through the government census. As instructed in Article 1, section 2 of the Constitution of the United States, the Constitution requires a census of the population every 10 years. The purpose of this is to obtain a correct count of the population for determining the number of representatives for each state to seat in Congress. The government also uses the collected information and breaks the demographics down according to state, counties, cities and towns for a true picture of the population of these areas. With this being known, the government uses this information for the distribution of monies for the various demographic needs of the population. Each individual of every age, sex, race, income, and disability has different needs, and as a result affects each geographic location differently. The Demographics of Monroe County, Michigan Monroe County, Michigan has a population of 152,949 as of the 2008 population estimate (U.S. Census). This reflects an estimated population increase of 4.8% from the 2000...
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...Shifts: The Future of Pensions and Healthcare in a Rapidly Ageing World Interim Report World Economic Forum, January 2008 The World Economic Forum would like to express special thanks to Mercer (Marsh & McLennan Companies) for its strong contribution to the Financing Demographic Shifts Initiative and the development of this document. In addition, the World Economic Forum would like to thank all active contributors from a broad range of Industry Partners, international organizations, leading academia and policymaking institutions for their ongoing support and guidance. All names of the members of the Advisory Board and Expert Group of this initiative will be included in the final scenarios report (to be published in the second half of 2008). The views expressed in this publication do not necessarily reflect the views of the World Economic Forum. World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Tel.: +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 E-mail: contact@weforum.org www.weforum.org @ 2008 World Economic Forum All rights reserved. No part of this publication may be reproducted or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system. Contents Introduction Executive Summary Demographic Shifts Key Challenges for Pensions and Healthcare in Developed and Less Developed Countries Key Driving Forces Shaping the Future of Pensions and Healthcare Globally Some Key Insights from the...
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