...Health Care Industry Overview Complete the Health Care Industry Overview Grid that is located below. There are many areas within the health care that are options for career placement or advancement. Research different fields within the industry, such as pharmaceutical/drug, health information systems, and long-term care/gerontology, and fill in each box to contain information regarding the health care industry. There is an example that is already started to help with the process, but ensure you include adequate information to support your findings. Use a minimum of three references to support your information. Industry Career Explanation Industry Examples Role of Health Care Personnel Manufacturing (Equipment/Supplies) Example: Health Care manufacturing deals with the making of consumer products that help individuals deal with health care issues. If it looks as if there is a market big enough to make a profitable product, the product is unique in the market and the product can be protected (via patenting or some other means) then businesses are commonly encouraged to dive into the expensive product development phase. Example: - Bandages, braces, IV tubing, hospital beds, wheelchairs - Consumer health care products Example: Health Care personnel can move into this industry to satisfy a need within health care organizations. This would deal more with products than patient care or administration. Pharmaceutical/Drug The pharmaceutical/ drug production is responsible...
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...Criteria Health Care Industry Overview Complete the Health Care Industry Overview Grid that is located below. There are many areas within the health care that are options for career placement or advancement. Research different fields within the industry, such as phamacuetical/drug, health information systems, and long-term care/gerontology, and fill in each box to contain information regarding the health care industry. There is an example that is already started to help with the process, but ensure you include adequate information to support your findings. Use a minimum of three references to support your information. This assignment is due in Week Three. |Industry |Career Explanation |Industry Examples |Role of Health Care Personnel | |Manufacturing (Equipment/Supplies) |Example: |Example: |Example: | | |Health Care manufacturing deals with the making of consumer products that help |- Bandages, braces, IV |Health Care personnel can move into this | | |individuals deal with health care issues. If it looks as if there is a market big |tubing, hospital beds, |industry to satisfy a need within health care| | ...
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...Week 1 Health Care Terms Worksheet Understanding health care terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet according to the following guidelines: In the space provided, write each term’s definition. You must define the term in your own words. In the space provided after each term’s definition, use the term in a sentence as it applies to the health care industry. You may wish to consider the following: o How has it influenced heath care? o What role has the term played as health care developed over the years? Save the completed worksheet as a Microsoft® Word document with your name in the file name. Submit the file to your facilitator. Submitted by: [Type your name here.] |Term |Definition |Use the term in a sentence as it applies to the health care | | | |industry. | |Example: Electronic |Electronic health records are digital forms of |My doctor entered the diagnosis into his laptop and told me that | |health records |entering and storing patient information. |the information would go into my electronic health record. | |HIPAA |HIPPA stands for the Health Insurance...
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...Criteria Health Care Industry Overview Complete the Health Care Industry Overview Grid that is located below. There are many areas within the health care that are options for career placement or advancement. Research different fields within the industry, such as phamacuetical/drug, health information systems, and long-term care/gerontology, and fill in each box to contain information regarding the health care industry. There is an example that is already started to help with the process, but ensure you include adequate information to support your findings. Use a minimum of three references to support your information. This assignment is due in Week Three. |Industry |Career Explanation |Industry Examples |Role of Health Care Personnel | |Manufacturing (Equipment/Supplies) |Example: |Example: |Example: | | |Health Care manufacturing deals with the making of consumer products that help |- Bandages, braces, IV |Health Care personnel can move into this | | |individuals deal with health care issues. If it looks as if there is a market big |tubing, hospital beds, |industry to satisfy a need within health care| | ...
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...Chapter One 1. A. What are some of the industries in the healthcare sector? The major industries in the healthcare sector includes health services, health insurance, medical equipment and supplies, pharmaceuticals and biotechnology, and other (includes a diverse collection of organization ranging from consulting firms to educational institutions to government and private research agencies. B. What is meant by the term healthcare finance as used in the book? Finance, as the term is used within the health services industry and as it is used in the book, consists of both the accounting and financial management functions. C. What are the two broad areas of Healthcare Finance? Accounting as its name implies, concerns the recording, in financial terms, of economic events that reflect the operations, resources, and financing of an organization. Financial management or corporate finance, provides the theory, concepts, and tools necessary to help managers make better financial decisions. Certain aspects of accounting involve decision making, and much of the application of financial management theory and concepts requires accounting data. D. Why is it necessary to have a book on healthcare finance as opposed a generic finance book? The reason is that while all industries have certain individual characteristics, the health services industry it truly unique. 2. What is the difference between a business and a pure charity? A business such as a hospital or medical...
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...Student Name: Health Care Industry Overview Grid Complete the Health Care Industry Overview Grid located below. Research different fields within the industry, such as pharmaceutical/drug, health information systems, and long-term care/gerontology, and fill in each box to contain information regarding the health care industry. There is an example that is already started to help with the process, but ensure you include adequate information to support your findings. Use a minimum of three references to support your information. List the references at the bottom of the table below as indicated. |INDUSTRY |CAREER EXPLANATION (What work does this |POSITIONS/ROLES/JOBS AVAILABLE FOR |HEALTH CARE/WORK SETTINGS FOR EMPLOYEES | | |file involve) |HEALTH CARE PERSONNEL | | |Manufacturing (Equipment/Supplies) |Example: |Example: |Example: | | |Health Care manufacturing deals with the|- Medical supply/DME company owner or |Health Care personnel can work in | | |making of consumer products that help |employee |settings such as hospitals, durable| | ...
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...Term Definition Use the term in a sentence as it applies to the health care industry. Health Promotion Helps clients reduce the risk of illness, maintain optimal function and follow healthy lifestyles through a wide variety of assistance and activities.(Peggy S. Stanfield 2012) The US health promotion has been successful in reducing cardiovascular and tobacco related disease, it increases the people awareness about the side effect of smoking to one’s health. Disease Prevention Activities designed to protect patients or other members of the public from actual or potential health treats and their harmful consequences (Mosby’s Medical Dictionary 2009) The government practices disease prevention procedures to reduce the chance of epidemics. Diagnosis The determination of the nature of a disease, injury, or congenital defect (Medical Dictionary 2006) Keeping an accurate history of a patient’s health is a doctor’s most important tool in making correct diagnosis. Rehabilitation To restore or bring back something to its original form. Rehabilitation plays an important role in health care it helps patients to get back to their normal daily routine. Department of Health and Human Services The U.S. government’s principal agency for protecting the health of all Americans and provide essential human services, especially for those who are least able to help themselves (Peggy S. Stanfield 2012) The Department of Health and Human Services provides a lot of long term care for its state residents...
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...University of Phoenix Material Week 2 Health Care Terms Worksheet Understanding health care terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet according to the following guidelines: In the space provided, write each term’s definition. You must define the term in your own words. In the space provided after each term’s definition, use the term in a sentence as it applies to the health care industry. You may wish to consider the following: How has it influenced heath care? What role has the term played as health care developed over the years? Save the completed worksheet as a Microsoft® Word document with your name in the file name. Submit the file to your facilitator. Ing illnesses. Submitted by: [Monica A. Smith] |Term |Definition |Use the term in a sentence as it applies to the health care | | | |industry. | |Health Promotion |Informative services about general health |When I was pregnant there was an abundance of health | | |amongst communities. |promotion services available for expecting mothers. | |Disease Prevention |Methods...
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...MICROECONOMICS APPLIED RESEARCH MICROECONOMICS AND LONG-TERM HEALTHCARE Cochise Community College Campus Microeconomics Cochise Community College Microeconomics and Long-term Healthcare It was not long ago that our country was going through some very difficult economic times. Job losses were on the rise, there were many issues leading to an increase in foreclosures, and many financial institutions needed to be bailed out. Many people, however, held the misconception that the health care industry was immune to the economic problems that faced our society. Many thought that those working in the health care industry had no need to worry about losing their job and that they were disconnected from the larger problems of society. Those involved with health care have to deal with issues that are faced by the rest of society. Because of this, it important that the health care industry address these problems in a timely manner due to the lives that are often dependent on their decisions. In 2009, individuals aged 65 years of age and older constituted approximately 12.9 percent of the U.S. population (A Profile of Older Americans, 2010). Projections for 2030 show there will be an increase to 20 percent of the population that will be 65 or over. The aging of the population will affect the demand for healthcare because older individuals encounter more frequent and prolonged spells of illness. Those individuals that are...
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...of Phoenix HCS/552 Health Care Economics JAYME CARRICO February 17, 2014 Demand Versus Supply: Home Health Care Services It is not a secret the health care industry in the United States is highly competitive, that demand for medical services and products grows faster every year, and that supply in certain areas is shortening. The demand for health care products and services is the result of the society’s desire of living longer and maintaining a better health status. In the present, patients are very interested in learn about the new alternatives the market offers to improve their wellbeing and suppliers are more alert of the population’s wants and needs. Additionally, the multiple advances in technology have created a whole new scenario for delivering health care increasing the demand and supply of technologic advanced goods (products and services). Population’s requirements for better services in terms of quality and effectiveness are also crucial determinants of the trends in the demand and supply of certain health care goods. A service that has become highly demanded not only for the reasons aforementioned but also because the increasing of the aging population and the government needs of cutting health care expenditures, is the home health care. As its name indicates it is an array of services that patients receive in their home as part of an illness, chronic condition or injury treatment. Services include -but not limited to- medical care such as physical and...
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...H3WW April 24, 2012 Tuft's Health Plan is an industry leader in providing PPO and HMO health plans to citizens in Massachusetts and Rhode Island, providing business, individual, and Medicare policies on a variety of levels. From minimal state coverage to extensive long-term health care planning, Tuft's seeks to remain a leader in providing health care as a non-profit organization and meeting the needs of citizens in order to assure that health coverage is not a luxury item. Past Market Forces As with many industries, the health care industry is saturated with competitors in the provision of health insurance. Though Tuft's has made their reach concentrated through only providing within Massachusetts and Rhode Island, plans offer companies with multi-state locations to provide Tuft's care throughout all locations, in conjunction with CIGNA Health Care, with the home office being the customer hub. This foundation within New England gives Tuft's the ability to provide customer service on a more personal level than many competitors and also provides companies and individuals with a sense of pride and loyalty to a local provider and agents. Additionally, Tuft's has remained competitive through online access for patients and doctors to plan information, health care programs, and preventative care information. These innovations allow all involved with Tuft's to maintain not only access to health care providers, but with educational information in order to...
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...HSM 544 Healthcare Industry The American health care industry is one of the nation's largest and most profitable industries (Healthcare, 2011). The American healthcare industry "has consistently increased its share of GDP from only 7.2% in 1970 to more than 16.0% in 2008" and that figure is still growing (Van Horn, 2010). It is also one of the few American industries that is expected to grow in the next few decades. In fact, the healthcare industry in America is expected to generate 3.2 million new jobs through the year 2018, which is more than any other American industry (Healthcare, 2011). This industry includes everything "from small-town private practices of physicians who employ only one medical assistant to busy inner-city hospitals that provide thousands of diverse jobs" (Healthcare, 2011). It includes things such as doctors' offices, phlebotomy laboratories, research laboratories, outpatient care centers, nursing homes, residential care facilities, clinics of all sizes, and large hospitals (Healthcare, 2011). It is not only a large industry, but a very broad one with many potential investment opportunities and many potential risks. Government and Healthcare The role of government in the healthcare industry is a topic that leads to very active and divisive debate. People are either of greater government involvement or deeply opposed to any government involvement. Currently, healthcare remains an industry with a high degree of regulation, in terms of state and federal...
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...Health Reform Project, Part One Learning Team C HCS 440 Economics: The Financing of Health Care Medical Care for an Aging Population Countries around the world are encountering a growing number of the elder demographic. The aging population has created situations that the world’s economy and health care that have never encountered. The elders leaving the workforce and entering retirement has created new challenges in an already fragile global economy and health care system, and it is uncertain what the impact will in America. Questions rose about how the aging population will affect the economy. Will these changes bring new opportunities for the aging population because of the healthier life style and longer life expectancies currently seen today? Will physically and mentally healthier seniors be able to manage longer working years? Alternatively, will it result in a shortage of worker in the workforce leaving an overwhelming burden on the younger population? This paper summarizes three articles that attempt to bring to light the various challenges the nation is encountering in its preparation to care for the aging population. Additionally it will provide the readers with some recommendations on strategies both the American industries and government can use to prepare for the loss of a large percentage of the workforce who will start retiring in the next decade. The burden of geriatric health issues While countries across the globe are scrambling to make the...
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...Tool and Concepts HCS/552 Jayme Carrico 2013 Economic Tool and Concepts The health care industry has been experience for many century the shortage of nurses. It is perceive by the health care industry the shortage of nursing supply than the demand across the country. The demand for nurses in every health care organization growth in a daily basic as the technology advance. The consumers are always demanding for more personalize and quality of health care services at the time they are seeking for health care delivery creating nurses supply to be less in every health organization. A few probable reasons for nursing shortage within the health care industry can be the number of nurses in the workforce with a close retiring date, immigrated nurses from other country that works under constrained work permit, and also the population growth. As population increase the requirement for health care providers and services the growth of nursing and medical providers’ shortage will be notable. According to Getzen (2007), “There has recently been a growing recognition that instead of a surplus, a future shortage of physicians may occur. Since the number of U.S. medical graduates has not kept pace with the growth in U.S. population” (Chapter 7, p. 161). The nursing shortage and medical providers has become extremely demanded within the health care industry to provide a quality of health care. The following information will define economic concepts such as supply curve, demand...
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...Economic Terms and Health Care History HCS 440 December 19, 2011 Lori Geddes Economic Terms and Health Care History This summary will show the history and evolution of health care economics. The readers will also get a timeline of health care funding. Once you have read everything the summary shows you then you will have an insight to economical terms can help to understand the history and the timeline the terms are going to be: Economics, supply and demand, microeconomics, macroeconomics, elasticity, inelasticity, and gross domestic product. With these words this will show you about economics in the health care history. Once the American Medical Association (AMA) was founded healthcare was just getting off the ground with hospitals and doctors (American Medical Association, 2011). During this time doctors would see patients on a bartering system. The doctors at this time would make house calls and for the services they gave to the patients the patient at this time would give the doctor goods. The supply and demand at that time would be food, and anything that the people would not have. During this time they would pay with cooked meals, animals, things that they made, and their time such as working for the doctor however he wanted them to. During the time frame of 1901 to 1940’s healthcare and medicine took made great improvement. Medicine and hospitals became very important at this time. President Truman proposed a national health care plan, but it was shot out of...
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