Trends in health care
Topic:(Health care and financial issues)
Guidelines for assignment
1. Assignment must be submitted along with the copy of journal with cover page using A4
papers. Not more than 4 pages excluding title and reference pages.
2. Objectives:
To collect information related to the topic from different resources (books & journals)
To improve the knowledge and comprehension
3. Sections: The text of assignment can be subdivided into sections with appropriate
subheadings
4. Clarity: maintain clarity, full of descriptive details may include
figures or pictures to illustrate the respective topics depicting the
objectives, introduction, content material, conclusion & references.
Include recent trends or developments in these areas
Attach one journal related to your topic.
Do not copy and paste from the internet
5. References: refer textbooks & journals
6. Avoid plagiarism
Solution
Introduction
Health care is a field in health subjects that deals with the improvement of health through
the aversion, diagnosis, prevention, recovery, and treatment of injuries, diseases, or other mental
and physical impairments presented by humans. The fundamental reason for practicing health
care involves the need to improve the quality of human lives by upgrading health services to
patients through maintaining the standard of living together with preventing mortality rates and
disabilities cases. On the other hand, financial issues are stressful situations associated with
worries due to a lack of money. In financial problems, institutions experience shortages in
liquidity, the inability of clients together with the organization to pay for the services, or debts.
In healthcare, financial issues are related to poor leadership in a health facility, poor decision
making on matters of finances, along with faulty intelligence in finance (Liaropoulos and
Goranitis, 2015). Health and medical expenses that were not planned for causes financial
problems to families since the money was budgeted for something else. The purpose of this essay
is to discuss the economic issues related to the new trends in the development of health care
services in relation to the objectives of the health care considerations to issues related to money.
Objectives
The objective of this essay is to analyze the correlation between health care and financial
issues. This also covers the improvement of healthcare by upgrading on health service to patients
through maintaining the living standards as well as minimizing on the mortality rates. The
relationship between the health trends and the economic issues also forms the main objective of
this essay.
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HEALTH CARE AND FINANCIAL ISSUES
Trends in health care
a) Telehealth
Financial stress tends to be improving as the new trends of technology in hospitals
emerge and is put into practice since there is a need to add professionals who have a specialty in
the machines. The present trends in service provision of patients in health care include telehealth,
which is the use of telecommunication technology in providing health care to people present in
remote areas, and especially the rural communities (DeRigne, 2012). The services offered in
telehealth include monitoring of vital signs in a remote area, health education services, remote
patient-clinician consultations, and control of blood pressure. The fees charged for services
amounts to 10,000 dollars per clinician in a month with 79 dollars per individual’s visit to the
health care conducted in a telehealth organization. According to surveys, telehealth reduces the
issues related to the finances of patients as there is a reduction in the liability and overhead costs,
improved compliance to appointments, time optimization, and retention of parents or great
relationship between health workers and the community that hosts the telehealth facility.
b) Health care consumerism
Another trending technology in health care is the use of health care consumerism which
means that patients have a chance to participate in decisions made regarding their health.
Concerning the financial issues, consumerism is created to help patients get the opportunity to
choose their type of health care that is affordable to them and does not drain their pockets while
getting treatment. It is an excellent way to reduce the possibilities of patients developing
financial problems while searching for health care services and also a benefit to care givers, as
their services will be paid for in time and in full (Atella et al., 2012).
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HEALTH CARE AND FINANCIAL ISSUES
c) Diversification
Health diversity is another development in the field of health care provision and setting
whereby, all patients expect to be treated equally and be given fair opportunities without being
discriminated in the context of their background, lifestyle, or their abilities. In relation to
financial stress, health care facilities that provide diversification in health enables patients from a
different race, ethnicity, and minority groups to access health care in less expensive fees. It is as
a result of reduction in discrimination cases of clients in the provision of services, thus a
reasonable amount will be charged to patients, allowing them to reduce on costs of service in
health care and, saving clients from developing stress related to money (Atella et al., 2012).
Therefore, it is right to say that employing diversity measures in a hospital is related to a
reduction in issues related to finances pressure or money stress for all the clients present in the
area where a health care facility operates. Therefore, this will reduce the burden of exaggerated
hospital bills that leads to poverty within the family members as they sell properties to cater for
the hospital bill. Cases of recklessness in handling health facility resources will reduce as
everyone will see to it that they play their roles due to the presence of diversified professionals.
Trends in financial issues
a) Cybercrime in finance
Across the world, cybercrime is on the rise and worsening the economic levels of the
countries, organizations, and communities. With tricks like web-based attacks, which is at an 8%
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HEALTH CARE AND FINANCIAL ISSUES
increase as the surveyors record it, malware, botnets, phishing together with malicious codes
cyber thieves are able to steal from people. These are among the ways internet thieves use to
steal money from accounts of people or organizations. The crime has a direct link to the job,
investment, economic growth of a nation and, the cost of services provided to citizens will
elevate to cover for the amount lost. Therefore, it will be expected that people should adjust to
meet the expenses needed in the provision of health care services as cybercrime effects will
extend to health care practices. It can be seen in a reduction of medicines provided in a hospital,
forcing patients to use their means to cater to medication cost. As a result, there will be a record
of stressful situations experienced globally (Feldstein, 2012). Due to the increased cost of
products, individuals will try to use the minimum price possible in health care services to balance
other necessities, and this will lead to unhealthy members of the community. Concerning the
provision of health, there will be inadequate types of equipment, delay in payment of personnel,
reduction in educational meetings and training spaces, or delay in payment by insurance
companies (Kshetri, 2010).
Conclusion
In summary, the future of health care has a promising success background in terms of cost
transparency and the improvement in the quality of care administered to patients (Feldstein,
2012). However, there is a high expectation percentage that proves pharmaceutical products will
elevate their cost as the technology improves in manufacturing of medicine. Due to the
introduction of new and reliable machines technology, clinicians’ fee will as well increase to
cover for the cost of operations. More so, health system will update to scale with provision of
accessible care to the members of community with more innovation activities taking place in the
society and placing their health needs first.
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HEALTH CARE AND FINANCIAL ISSUES
References
Atella, V., Brunetti, M., & Maestas, N. (2012). Household portfolio choices, health status, and
health care systems: A cross-country analysis based on SHARE. Journal Of Banking &
Finance, 36(5), 1320-1335. https://doi.org/10.1016/j.jbankfin.2011.11.025
DeRigne, L. (2012). The Employment and Financial Effects on Families Raising Children With
Special Health Care Needs: An Examination of the Evidence. Journal Of Pediatric Health
Care, 26(4), 283-290. https://doi.org/10.1016/j.pedhc.2010.12.006
Feldstein, P. (2012). Health care economics. Delmar/Cengage Learning.
Liaropoulos, L., & Goranitis, I. (2015). Health care financing and the sustainability of health
systems. International Journal For Equity In Health, 14(1). https://doi.org/10.1186/s12939-
015-0208-5
Pozgar, G., Pozgar, G., & Pozgar, G. (2014). Legal and ethical essentials of health care
administration. Jones & Bartlett Learning.
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