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Three system resources that affect healthcare in the US are healthcare professionals, technology, and financing. How do these resources affect one another? What specific effects have you seen in the healthcare system as a result of changes in each of the three resources? How do you predict the healthcare system will be affected by changes in each of these resources moving forward?

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

Themes: Managed Care and Integrated Health Systems

Readings: Ch. 9 (Delivering Health Care in America - A System Approach by Shi & Singh, 2015 - 6th Edition)

Webpage: Healthcare Crisis: Who’s At Risk

Assignment: Healthcare Timeline

Develop a Healthcare Timeline: Using the “History Timeline,” from PBS’s Healthcare Crisis: Who’s At Risk as an example, create a timeline of 5 major events between 2004 and 2016 that have affected the US healthcare system. Be sure to include the year of the event, a brief description of the event (approximately 100 words), a description of the effect this event has had, or is intended to have, on the US healthcare system (approximately 100 words), and citations to at least one reputable source supporting each event’s descriptions.

The condition of the world's economies is a moving target. The market fluctuations and global monetary values have suggested a weak, and in some cases, a collapsed economy in many parts of the world. Yet, despite these economic woes, people suddenly do not become ill or not need healthcare services simply because the economy is unstable, although some would suggest less use of the health care system if ill, especially if they are uninsured. If you were the CEO of a United States based Managed Care Organization that wished to open or operate abroad, what types of services would you want to offer, how would you offer them, and why? Keep in mind the current healthcare situation of the United States as well as countries abroad, and the current differences between the U.S. healthcare system and the healthcare systems around the world (i.e social medicine).

(Please Summerize the work down below, thank you)

Political

Economic

Growing political influences on healthcare advances

Cost of living increases

Global government influence on healthcare cost

Cost of insurance prices

Government control of Medicaid, Medicare funding

Rise of forecasted interest rates

Social/Cultural

Technical or Technology

Increase average age of population

Demand on new medical treatments

Patient expectations increase

Customize treatments

Demographics are in constant change

More advance service facilities

Environmental

Legal

Growing need for green business

Constant change of government drug

Regulations

Environmental agenda and community awareness

Consumer laws

Health and safety regulations

Porters 5 forces of business model

Competitive Rivalry

Growth opportunity for healthcare companies are expected to growing the next few years

Increase in new revolutionary drugs both in and outside of the US

Threat if New Entrants

Strict government regulations

Difficult to keep up due to constant change

Huge startup cost

Substitute Products

Threat of other substituting product and service at lower cost

Bargaining Power of Customers

Generic drugs offered at large discount to consumer

Larger less customized healthcare facility with lower housing costs

Several facilities offering similar services.

Bargaining power of supplier

Medical suppliers have a large pricing power

Bargaining power of physicians and nurses is huge because of large hospital benefits

Swot Analysis

Strengths

Highly trained and capable employees

Market experience

Strong leadership

High level of organizational efficiency

Excellent facilities

Strong commitment to bettering the community

Weaknesses

Increased cost of healthcare could lower our clientele

Limited staff resources

Limited cash flow to hire and train new employees

Lack of resources

Opportunities

Fast growing technology opens new doors for using state of the art equipment to better serve the patients.

Nursing and residential care is one of the fastest growing industries

Aging population

Threats

Uncertainty in political and economic climate causes hesitation for receiving new patients.

Funding constraints

Highly competitive market

Product or Service Analysis

Our services will be used by patients who cannot afford experimental treatments and patients who have been abandoned by the system because hospitals can no longer provide medical assistance. At our facility, we will be able to work with the families and provide them with different payments options, such as low monthly payment plans. Our main goal is to be able to treat the patient at a very affordable cost; however, if any patient does not possess the means to pay for treatment, he or she would not be turned away; our facility will tap into government and private funding to cover treatment cost.

The beauty of this service is that there isn’t a charge of any kind to take part in our program because it is completely funded by government grants. Individuals that would take part would more than likely not have the means to pay a monthly deductible. Due to the nature of the business listed as a non-profit agency, there is no way to make a profit of any kind, as it would jeopardize the business in its entirety.

Some of the market factors that create a demand for our services include the need of medical care after having maximized all resources, the number of low income families, and the number of patients facing health issues needed extended medical care.

Opportunities that may derive from this business is the opportunity to expand and open multiple facilities, while extending a helping hand to many more in need. The risk, however, is the unstable funds deriving from grants. This can pose a huge treat to the business, as grants often times come and go and cannot be counted on as a constant income.

After studying the healthcare system and current policies in place, data shows many individuals facing severe health issues usually go untreated and uncared for due to the outrageous cost of medical care. It is devastating to see how often people, especially the elderly, are sent home and forgotten for the mere reason that hospitals and doctors are not willing to care for patients without financial means. In fact, in 2009 Harvard news reported 45,000 annual deaths due to lack of health coverage in the U.S. alone, which is significantly higher than the 18,000 reported by USA Today in 2002.

Financial Analysis

Clermont will be a nonprofit organization, dedicated to help the most needed. To open the facility fully operational we must take in consideration some fixed expenses like the land acquisition, permits, interest, brokers, administration fees, professionals (facility setup), staff, reports (environmental, occupational, fire, FDA), electricity, water, phone, water & sewer , connections, taxes, insurance, management, security, advertising, accountants, food, lawn mowers, bank fees, etc.

The facility will need have a total value of approximately three million dollars, but if we break the price of the land acquisition in to a thirty (30) year mortgage we can star up the business with an investment of approximately $ 233,944.61 USD to cover the first month of operation including all the startup permits and connections. After the first month the fixed expenses will be $184,444.00 USD with the exception of the months were taxes are due; taxes are around $ 43,000.00 USD paid quarterly will increase the tax month (depending on the facility fiscal year) for $ 10,750.00 USD approximately. We will fund all the costs with private and public funding, fundraiser, events, raffles, and most important with the help of the community.

As we mentioned before, Clermont is a nonprofit organization and we will do everything in our power to give the relief to the families in need. No one will be rejected because they do not have the money or the insurance cannot help. No money will be required from patient and every single dollar received will be spent in the patients, and in improving our facility and our service every day.

We believe our financial even breaking point will be a year after we begin operations, and be profitable soon after. There are many patients in need, and with the government and public grants each person will receive the treatment they need, and we will become the hope of many.

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