Verified Document

Health Care Economics. Terms: Quality, Resources Cost. Essay

¶ … health care economics. Terms: Quality, resources cost. Quality, resources and costing health care

The modern day health care providers are subjected to incremental pressures. They are for instance required to best respond to the changing health care issues of the contemporaneous population, to the growing demands and expectations of the stakeholders -- patients, partners, the public, governmental and non-governmental agencies and so on (Wolper, 2004) -- and to do all of this with as little resources as possible. In other words, health care institutions are expected to maximize their output while minimizing their input.

In such a context, the health care community becomes focused not only on attending to its patients at a generic level, but also on attending to the multifaceted needs of the patients and doing so in a context of limited input. In other words, an ongoing focus of the modern day heath care community is on quality, resources and cost. The following lines explain each of the concepts in the context of the health care sector.

At the most simplistic level, quality is defined as the feature of an item of being good or bad, and the degrees of its feature of good and bad (Longman Dictionary of Contemporary English). Within the health care community, the quality requirements are issued by the patients, who continually ask higher levels of patient care, increased access to medical services,...

Editors at the Institute of Medicine argue the general perception that the levels of medical care quality are inferior to those which they should be. Additionally, what is quite intriguing is that these perceptions are also obvious at the level of the medical staffs as well, not only at the patient level.
"Many patients, doctors, nurses and health care leaders are concerned that the care delivered is not, essentially, the care we should receive. […] Health care today harms too frequently and routinely fails to deliver its potential benefits. Americans should be able to count on receiving the care that meets their needs and is based on the best scientific knowledge. Yet there is strong evidence that this frequently is not the case" (Institute of Medicine).

As in other field of operation, be it private or public, for profit or not for profit and so on, in order to create high quality products and services, the medical field is continually in dire need of additional resources. The resources are generically understood as the totality of elements -- material and immaterial -- which are required in the completion of an effort. At the medical level, some of the most notable resources refer to the following:

Human resources (doctors, nurses, administrative staffs)

Infrastructure (buildings, but also roads and bridges on which…

Sources used in this document:
References:

Wolper, L.F., 2004, Health care administration: planning, implementing, and managing organized delivery systems, 4th edition, Jones and Bartlett Learning

Institute of Medicine, 2003, The Richard and Hinda Rosenthal lectures spring 2001: crossing the quality chasm, National Academies Press

Longman Dictionary of Contemporary English, http://www.ldoceonline.com/dictionary last accessed on March 24, 2011
Cite this Document:
Copy Bibliography Citation

Related Documents

Healthcare Economics Overall Healthcare and Economics Healthcare
Words: 1497 Length: 4 Document Type: Research Paper

Healthcare Economics Overall Healthcare And Economics Healthcare economics: Current challenges from a nursing perspective Although the subject of healthcare economics has been hotly-debated, on one issue there is widespread agreement: the aging of the population will substantively increase the demand for healthcare in the near and far future. As the population worldwide is aging and living longer, the need for essential services over a longer lifespan will generate more costs for an already-beleaguered

Health Care Economics in Economics, Cost-Benefit Analysis
Words: 1422 Length: 3 Document Type: Essay

Health Care Economics In economics, cost-benefit analysis assists in evaluating the costs of an approach in terms of resources spent while cost-effective analysis evaluates the costs as achieving some sort of benefit which is not evaluated in monetary terms. Moreover, cost-benefit study examines several aspects including net-present value, present value of benefit, and present value of costs; in line with this, if a project indicates that the monetary outcome is greater

History Evolution Health Care Economics Timeline Funding,
Words: 910 Length: 3 Document Type: Essay

history evolution health care economics timeline funding, defined terms; Inelasticity, Macroeconomics, supply demand, economics, microeconomics, gross dosmestic product • Include resources. • The paper -- including tables graphs, headings, title page, reference page -- consistent APA formatting guidelines meets -level requirements. History of health care economics Throughout the past recent years, the cost of health care has been amounting as a result of numerous social, economic and other categories of pressures,

Healthcare Must Be Provided by the Government to All Citizens Who...
Words: 2176 Length: 6 Document Type: Research Paper

Health Care As human beings, our health and longevity have never been better. Many people today live to 100 years and beyond, and often in good and active health. One of the major reasons for this is better health care and more access to health care for more people. On the other hand, however, many people do not have access to the same health care services as others. Often, the main

Healthcare Finance Efficiency and Effectiveness: Three Perspectives...
Words: 1068 Length: 3 Document Type: Essay

Healthcare Finance Efficiency and Effectiveness: Three Perspectives Define and describe efficiency and effectiveness. What are the differences between efficiency and effectiveness? How can a healthcare organization use this information? Efficiency refers to the accomplishment of a task or a set of tasks in the most economical fashion, both in terms of time spent and resources utilized. By contrast, effectiveness refers to the ambition of achieving the best possible results from completion of a

Health Care Disparity in Maryland
Words: 18449 Length: 67 Document Type: Dissertation

Figure 1 portrays the state of Maryland, the location for the focus of this DRP. Figure 1: Map of Maryland, the State (Google Maps, 2009) 1.3 Study Structure Organization of the Study The following five chapters constitute the body of Chapter I: Introduction Chapter II: Review of the Literature Chapter III: Methods and Results Chapter IV: Chapter V: Conclusions, Recommendations, and Implications Chapter I: Introduction During Chapter I, the researcher presents this study's focus, as it relates to the

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now