¶ … healthcare industry has, like so many other industries, undergone significant changes in recent years. Like many other industries, some of these changes have been propelled by technological developments and innovations, improvements over existing technology or tools that nonetheless bring with them additional, potentially unforeseen, challenges. Yet the healthcare industry has faced an additional challenge in the form of public policy and changing expectations. Cost containment has become a hot topic within the healthcare field, from insurance to providers to hospitals and pharmacies. A variety of measure of have been undertaken in pursuit of such cost containment, including mergers and acquisitions, as well as an ever deepening involvement in the political process, activity that often lacks transparency and accountability. It is the emphasis on the pursuit of cost containment that is shared amongst the below articles. "Health Reform Memo- June 11, 2012." Wall Street Journal. 11 June 2012. Web....
http://deloitte.wsj.com/cfo/2012/06/11/health-reform-memo-june-11-2012/?KEYWORDS=health+cost+containment
Health Care Industry In the last 10 years, health care has changed dramatically. Technology has taken over in many ways, and a lot of doctors now have their patients' records all stored electronically (St. Sauver, et al., 2013). While convenient, there are risks. Another way health care has changed over the last decade is through the survival rates for things like cancer and heart disease (Tulenko, 2009). These are still serious
In your opinion, has marketing been truly accepted as a necessity for health care organizations yet, or is it still regarded as a luxury? It is a necessity because of how competitive the industry is, how studies continue to show the continual sharing and publishing of healthcare benefits from given products does lead to interest and trial, and how critical the physician base as a distribution channel is (Joseph, Spake, Finney,
Healthcare Industry Changes in healthcare in the last ten years In the last two decades, the average cost of healthcare per person was $2,800. This almost doubled in a span of ten years to reach a staggering $4,700. The cost tripled to reach $7,500 per person in 2008. This has happened as the number of Americans without insurance keeps increasing. The number of uninsured Americans has risen from 13.1% in 2001
health care industry in America today is suffering greatly. It is suffering from spiraling costs, decreasing availability of qualified personnel, increasing demand for its services, and uncertainty relative to its future. Some of these problems are the result of mismanagement, lack of foresight, an aging population, and, perhaps greed but regardless of the causes the solutions must be determined and the present political climate makes this difficult. The Obama administration
Often, there isn't publicly available data on the best-rated physicians or hospitals for treating specific conditions. Prices aren't readily available and vastly differ according to the patient's health plan affiliation. and, unnecessarily complex billing contributes to cost shifting, drives up administrative costs, and makes price and value comparisons very difficult. Consumer-driven health plans with higher deductibles and a savings account for health expense are emerging in an attempt to make
UHS, Inc. Financial Analysis overview: According to the analysts' report, the average net income for the previous five years for UHS, Inc. shows a 20.1% growth rate; this is higher than the industry average of 10.6% and sales of 12.7% which also higher than industry average of 8.67%. UHS, Inc. has dividends that average 4.64% of earnings while the average of Healthcare industry is only 0.64%. The price per share is
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