Financing Health Care in the United States
How do the rapid and dynamic changes in financing impact health outcomes within your practice?
Health is a very important part of human existence. We also live in very interesting times when there are new lifestyle diseases that emerge which require enormous medical resources in terms of finances to treat. Medical providers are thus faced with quite a number of challenges in their endeavor to provide efficient and adequate healthcare to their patients. The changes have gone as far as healthcare delivery, technological advances, and increased patient expectation. This trend of events thus requires nurses to increase financing and acquire the latest information.
Healthcare finance refers to the number of resources in terms of money that are used to ensure that the population of a country gets efficient and adequate healthcare. Allocation of these resources is necessary for creating a strong primary care and to adopt new technology and health programs. When these resources are effectively allocated through a cost-benefit analysis, the outcome is that cost-effective is realized in the prevention and cure of ailments.
In states with high health care expenditure, health care provider’s income is very elastic. This improves the level of...
References
Woolhandler, S., Campbell, T., & Himmelstein, D. U. (2003). Costs of health care administration in the United States and Canada. New England Journal of Medicine, 349(8), 768-775. https://www.nejm.org/doi/pdf/10.1056/NEJMsa022033
Karkada, S. Evidence Based Practice (EBP). https://www.researchgate.net/profile/Suja_Karkada2/publication/295235501_Evidence_Based_Practice/links/56c847b708ae96cdd06acc3b/Evidence-Based-Practice.pdf
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