The Importance Of Payment & Cost In Healthcare

Improved Essays
American health care system is complex and controversial in nature today than in the past decades. The hidden cost and poor patients care are making the system failing to millions of Americans who have the greatest health needs and fewest resources to foot the bill. Americans deserve a healthcare system that provides quality care at affordable cost to all it citizens. Although thousands of solutions have been proposed by health policy management, medical experts, and insurance companies to help serve the exponentially growing number of patient needs to Medicare cost. Sadly, to say all efforts have been ineffective resulting in great variations of out of pocket outcomes and high cost (Conklin, 2002; Peter, 2016; Mund, 2012). This dramatic growth …show more content…
Healthcare malpractice insurance, insurance settlements and insurance flaws across the nation have contributed to the rising increased premium rates every year for innocent customers nationwide.
7. Chronic disease is the #1 cause of mortality and morbidity in the U.S. Treatment of chronic illnesses accounts for more than 75% of the healthcare budget (Mason, Gardner, Outlaw, & O’Grady, 2016).
Payment & Delivery Care Models Transform Quality & Cost in Healthcare
The quality of health care models has the potential of transforming healthcare payment and delivery to promote greater accountability for the cost and quality in the health care system. Payment and delivery care models can transform the system through bundled payment systems that is well coordinated and care for patients. This is how the models can transform healthcare payment:
• Reward. An individual patient can be given price reduction form the healthcare company they choose to be treated.
• Health information technology. Technology plays an importance role in the healthcare delivery system. Today, nearly every drugs can be deliver online. Every healthcare provider should be required to have an electronic health data based that any patient can retrieve and send his or
…show more content…
It is measurable and quantifiable. It has less assurance with some physical components of illness. It provides less assurance with psychological factors which is important for a healthcare provider to know about the patient. It can’t directly measure something like stress or emotional life or motivation (Fu & Wang, 2008).
Accountable Care Concerns
There aren’t enough medical experts to care for people in the United States. The country is short of medical doctors, nurses and other caregivers. This issue may get worse as the demand for healthcare increases. Regional Medical Center continues to be recognized as one of the finest health care facilities in the Southwest Alabama area, and is continuing to grow as a recognized organization with safety and quality standards care provided to patients to continuously improve it services.
Conclusion
Improved health care conditions for patients can ultimately create a stronger nation with healthy citizens with less price tags. The Regional Medical Hospital in the South is well knowing to employ qualify doctors, nurses, staff and other healthcare experts, to provide cross cutting-edge services for the

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