The implications of this information are to underscore why health care costs are rising. This is accomplished by looking at different factors and how this is helping to contribute to the problem. Then, there is an emphasis on how the combination of these issues is making the problem worse when compounded with economic challenges. This information is helping to provide a basic background as to what are the causes of the problem and how it is affecting the industry. This is serving as warning to administrators about what will happen in the future (if these issues are ignored). Those individuals who understand what is occurring will be able to help their organization to adapt with these challenges. (Hassan, 2010)
The review clearly states how this information could be of benefit to Healthcare Administrators.
For administrators, these reports are providing them with specific insights about how a number of issues need to be taken into account. Those organizations that can focus on some of these areas will help to reduce the burden on consumers. This is when health care providers can adjust with the changes inside the sector. This will make the hospital more efficient and capable of responding to the needs of...
Over the course of time, this will allow the facility to become more competitive and capable of adapting to different kinds of transformations. (Hassan, 2010)
Conclusion summarizes the article
The article that was written by Hassan is showing how there are a number of challenges that are impacting the health care sector (which are associated with rising prices). These include: medical related factors, lifestyle choices, cost shifting and inefficiencies. When these issues are combined with a stagnant economy is the point that the overall problems will become worse. To prevent the situation from spiraling out of control, administrators must understand how this is effectively pricing consumers out of the system.
As a result, they need to take steps to ensure that their organization is able to account for as many of these issues as possible. If this kind of approach is taken, it will help a health care facility to adapt with these challenges. However, if nothing changes, the underlying problems will begin to increase exponentially. This is when the health care facility will have trouble maintaining their profit margins and personnel will be unable to control the costs. Until these issues have been dealt with, the majority of health organizations will continue to face these challenges well into the future. This will slowly eat away at the financial foundation of the hospital. (Hassan, 2010)
References
Hassan, B. (2010). Health care Cost Trends. Bay Point Benefits.
