Profitability vs. Patient care



Abstract

This paper has assessed the profitability and patient care and their impact on the health care system. The research paper also evaluates their impact on the heath care system of the United States of America. It has included different researches to answer the given research questions regarding profitability and patient care in the health care system.

Abstractii

Introduction1

Thesis Statement1

Research questions1

Discussion2

Profitability and US Healthcare System2

Evaluation of Key Issues2

Patient Care4

Issues in Patient Care5

Relationship between Profitability and Patient Care5

Affects Of Financial Restraints on Profitability and Patient Care6

Graphical Representation7

Patient Satisfaction Affecting the Profitability8

Conclusion10

References12

Profitability vs. Patient Care

Introduction

With the advancements in the health care system, there has been a rapid increment in the modernization of technologies. These technologies hold vital importance in advanced treatments of the patients, with limited errors. However, the development has led to an enormous augmentation in the financial budgets of the health care system. United States of America is the only state that spends the largest sum of money on its health care system. The health care system requires proper management to ensure patient health, staff satisfaction and organization's maximum profitability. The management incorporates different processes with the involvement of skilful professionals. Budgeting, planning and communication skills are the elements that are pivotal for the management of the organization. The overall organization can greatly affect the reputation of the health care system and maintain the competency level amongst the healthcare organizations (Garman, Fitz, Fraser, 2006).

Thesis Statement

“The co-existence of profitability and patient care, as two vital factors in the health care system is rarely observed, however, they do have an impact on each other.”

Research Questions

What is meant by profitability and patient care in accordance with a health care system and health care organizations?

Evaluate the issues with the two terms in respect to the United States health care system?

What is the relationship between profitability and patient care? What is the affect of patient related financial restraints on profitability of an organization as well as patient health?

What is the impact of patient satisfaction on profitability of an organization? Is it beneficial for the organization or not?

Discussion

Profitability and US Healthcare System

The term profitability refers to the gaining process that benefits the organization. Being the only state that spends the most enormous amount of money on its health care system, per captain, united states of America do demand profit from this health care system. The profitability on health care system is the term which is commonly used in place of “reimbursement”. The health care system is trying to enforce the installation of the latest technology in every health care centres, with the services made accessible for every individual. For this purpose, there are several programs launched by the government. Amongst these programs, the health insurance programs hold key importance.

Evaluation of Key Issues

With the introduction of health care reform legislation 2009, the government has been taken extensive step to improve the quality of health care services, with cost effective therapies that can be afforded by every individual (Oracle White Paper, ...