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¶ … healthcare costs which are causing hospital a great deal of financial pain while also hurting patients in terms of higher bills. We need to understand that if an industry knows that its maintenance costs a lot, it will obviously pass on some of those expenses to its customers. The same is being done in healthcare industry and this is primarily because the cost of running and maintaining operations in a healthcare industry is very high in the U.S. The article talks about a research that is being carried out by a university and that seeks to find out if cost reduction methods used by other industries can be replicated in hospitals and other medical facilities as well. This is an important issue and the article is written to highlight the problem of higher maintenance costs in this industry and the fact that much of these costs can be avoided with efficient use of cost reduction strategies. One such strategy would be over-booking of patients just like over-booking...
But because each industry has its own problems and its own unique way of operating, these strategies need to be adapted to their unique situation. Some of these strategies would include over-booking of patients so no-shows won't cause serious losses, use of a checklist to avoid patient harm, efficient and effective use of resources so that no resources are wasted, better scheduling techniques so employees do not have too much idle time because idle time means inefficient use of resources which only increase costs. These are some of the strategies that article cites for reducing the problem of wasted resources, high costs of maintenance and running operations and losses incurred due to waits, delays, no-shows etc.
Healthcare industry is…
Health Care Costs and Health Care Quality The Robert Wood Johnson Foundation, dedicated to improving the health and health care of Americans, focuses on research, publication and funding. Two of its articles, "What is the National Quality Strategy?" And "What's the price of health care?" focus on several important issues of national health care. By simplifying the explanation of our National Quality Strategy and examining several states' attempts at health care
Drug costs have gone from 26% of health care spending by private insurance companies in 1990 to 44% in 2006 (Kaiser Foundation, 2008). This issue has not been adequately addressed by health care reform. Instead, a deal appears to be made for $80 billion in concessions from the pharmaceutical industry in exchange for its support of health care reform (Kirkpatrick, 2009). The underlying trend in each of these major issues
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Health Smoking and the Health Care System Smoking causes ischemic heart disease, cancer, stroke, and chronic lower respiratory diseases which are the leading causes of death and disability among adults. Smoking-attributed diseased are an economic burden due not only to health care expenses, but also productivity losses related to disability or early death. ~California Department of Health, 2010 Smoking is a major health hazard, and since nonsmokers are healthier than smokers, it seems only
Executives of major companies, like Coca-Cola Enterprises in Atlanta, believed that B-200 was especially helpful in rehabilitation and prevention of re-injury, as employees usually resumed work when their backs stopped hurting, thinking the injury was already treated. They, however, lost some functional abilities and remained vulnerable to the same injury and hurt. An experimental injury-prevention and rehabilitation project conducted at the Coca-Cola Bottling Company showed that it reduced the
The amendments have had practical impacts such as repealing the tax mandate of the employer, health insurance tax of small businesses and decreasing the burdens on individuals and businesses. The compliance cost for small business owners has risen by 36% higher than that of larger corporations. Similarly, the average U.S. citizen has already been overtaxed. Since the passing of the Affordable Care Act, Americans have not enjoyed the benefits that