This website uses cookies to ensure you have the best experience. Learn more

Economic History And Health Care Funding

836 words - 4 pages

Economic History and Health Care Funding

Monica Williams


July 1, 2013

Economic History and Health Care Funding
The paper that is being written is covering the history of economics and how the economy and health care funding has changed. The paper will reveal how the two compare in today’s society. It will evaluate the money used to fund certain health care services such as Medicaid/ Medicare, HMO’s, and how places like hospitals and nursing homes receive compensation for taking care of patients. The paper will also go into detail of how elderly pay to have certain services such as home health services provide ...view middle of the document...

Health care economics and the flow of funds system can be easily understood due to the fact that financial managers are sufficiently prepared for any and most future plans. We should all understand that when one mentions the term “economics” in health care, money is what comes to mind. We should also remember that it plays and important part in the accomplishments and development of the health care field. Getzen (2007) stated, “The flow-of-funds approach to health care economics allows us to follow the trail of money through the health care system to study the financial transactions that take place between patients, doctors, hospitals, and third parties, such as private insurers and the government. Who pays for what has changed dramatically in the past 60 years. Whereas in the past, the majority of individuals paid their medical bills with private funds, today insurance companies and other third parties cover the majority of payments, with individuals paying only a small fraction of the total flow of funds with private money. Just as the source of funds has changed, so has the use of those funds.” (p. 3).
Health Care Funding Timeline
A system was developed that allowed financial managers to be able to trail the money through the health care system known as The Flow of Funds. It has changed from past years. If one were to look at history it would show that many physicians would often trade services for items like food, grain, cotton, livestock,...

Other Papers Like Economic History and Health Care Funding

History and Evolution of Health Care Economics

773 words - 4 pages Economic Terms & Healthcare History Economic Terms & Healthcare History This paper will entail the history as well as the development of healthcare economics, and health care funding. The significance and how it affects the world today. I will address how the history and development of health care economics and the timeline of health care funding has changed over the past years in the United States. What is the Meaning

Health Care History Essay

566 words - 3 pages Economic Terms and Health Care History Jhameka Quarles HCS/440 April 15, 2013 Kathleen Guluszka Health care economics has progressed drastically since the early ages of time when health acre services were being offered to consumers. In the early age medical services was not as expensive as they are today in the modern era. Consumers did not have to pay expensive fees for medical services. Now and day to receive medical

Health Care History

1082 words - 5 pages Health Care History HCS/440 January 07, 2014 Pamela Cromity Health Care History Over the years healthcare and its economics have drastically changed. There are many contributing factors to why healthcare has become a dominant economic and political issue. Dramatic increase in the knowledge for diagnosing and treating illnesses has created sophisticated solutions that forty years ago were thought to be impossible or too complex to

Health Care Economics History

843 words - 4 pages for how long. The negative affects of this scenario are enormous in light of the true intention of healthcare but given the current circumstances, something must change in the economics of healthcare or we risk a complete collapse of the system as a whole. Perhaps it is time to resurrect the concept of health cooperatives as the standard, provide federal funding and tax-exempt status and allow a system that took care of the population at a realistic economic base another chance. References

Health and Health Care

4002 words - 17 pages history of the research process and to critically reflect on the researcher's thoughts, feelings and observations on the day's work. This paper raises questions about whether reflexivity is appropriate in quantitative research, whether it has the capacity to add something of value or whether it endangers the robustness of the method. The authors consider the place of grounded theory's commitment to reflexivity in this mixed-methods study and

Trend In Entrepreneurial Activity And Funding During Fluctuating Economic Cycles

1675 words - 7 pages Trend in Entrepreneurial Activity and Funding During Fluctuating Economic Cycles Introduction Global capital markets have been greatly impacted by the current economic climate. This has created significant challenges in startup capital and infusions of capital from Venture Capital funds or other types of angel investment. 2011 was, indeed, a transitional year for small businesses around the world. The primary issue is that it has become clear

Technology and Health Care

1223 words - 5 pages Technology and Health Care Raising the ordinary to extraordinary, PrimeConnect is one of the top EMR (electronic medical record) software solution companies within the industry. Using various platforms, EMRs enable providers, hospitals, physician offices and patients to connect anytime and anywhere. PrimeConnect allows physician offices, hospitals and providers to comply with Meaningful Use requirements while increasing productivity and

Health and Social Care

605 words - 3 pages , organisation and management of care, teaching and promoting health and wellbeing, training and educating colleagues and students, utilizing research and evidence based care). You can find them in week 3 slides. Use these points to discuss the role of a manager and in relate to Seven Kings residential care home. Discuss the role of a healthcare manager in achieving effectiveness and efficient service delivery of care. Role of a healthcare manager

Technology and Health Care

1251 words - 6 pages Technology and Health Care Paper The product that I chose to use is the virtual physician visit. This visit would be structured to finance standard care for any patient with trivial sicknesses.Patients would be able to log onto a specified website where they would be able to openly communicate with a physician. After logging in and connecting with a physician, the patient would be able to communicate the symptoms that they are experiencing

Health and Social Care

1062 words - 5 pages Introduction to Duty of care in Health and Social care CU235P 1. Describe what is meant by the term ‘duty of care’ and explain how duty of care affects the role of a care worker. The definition of “duty of care” is a legal obligation and a requirement to adhere to a good quality and standard of care with the best interests of a child, young person, or vulnerable adult, in a way which will not be detrimental to the health, safety and wellbeing

Health and Social Care

1630 words - 7 pages Residential Home. At Rose Parks we aim to follow the Care Value Base which is a name given to a framework which encourages and promotes good working practices in a health and social care setting. They aim to help both service users and providers of health and social care clear guidelines of acceptable and unacceptable practices and behaviours. The Care Value Base is divided into three main areas, they are: 1 Be aware of and acknowledge people’s

Related Essays

Economic Terms And Health Care History

687 words - 3 pages Economic Terms and Health Care History Economic Terms and Health Care History Over the time of history, the economics of the United States has overcome many of transformations. Formerly, the economic alterations in health care may be due to the evolutionary changes in the United States. The main contributing causes for economic health care changes are the development of technology and how medical treatment is presented. The late 1800

Funding Health Care Services Essay

975 words - 4 pages Assignment 4: Funding Health Care Service Strayer University HSA 500 November, 2013 Introduction The essential business of the health care industry is the delivery of health care services. In the U.S., the health care industry is considered to be the largest service employer. Funding for the U.S. health care services consists of a mix of public and private payment sources. Medicare and Medicaid represent the two major health programs

Funding Health Care Services Essay

1075 words - 5 pages Funding Health Care Services Freda B. McDowell Dr. Jo-Rene Queensberry HSA 500 – Health Services Organization 11/29/2013 Recommend how ambulatory services should be funded The cost of medical services has sky-rocket. Therefore, I hope that my plan with help ease the burden on some families and allow them to get the services that they need. Any patient that needs medical attention and don’t have the resources will be able to get

Hcs 440 Week 1 Individual Economic Terms And Health Care History

358 words - 2 pages , you will not find all the answers you need in the textbook. You will, however, have the help of your For downloading more course tutorials visit - To avoid problems with the freshman 15 or even the freshman 20, be sure to keep a close eye on the amount of simple carbohydrates you consume. Steer clear of sugary items and processed foods. Instead, try to consume vegetables with your meals and fruits for snacks. Avoid eating too much protein since it could cause health issues.