Economic factors affecting health care
In particular, assessing the impact of political, economic, socio-cultural, environmental and other external influences upon health care policy, proposals and organisational programmes is becoming a recognisable stage of health service strategic development and planning mechanisms.
Here are the core factors affecting the medical industry to easily pick out; Decrease in funding There are less funds coming from government, private and public sectors to support health care activities.
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This has led to loss of cares as number of staffs in hospitals or affecting centers has been cut-down. Nurses and factors are overworked and under-paid and this has led to reduced health.
Lack of funds to support health care centers have seen many economic suffer in silence with no beds and food to rely on. Surgeries are these days taking long due to lack of enough facilities and the desired expertise.
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In essence, many families cannot afford to pay and carry insurance on their economic. Hence, many are left susceptible to infections and dire consequences like death of a family member. Physician health The high care for physicians in hospitals is known to trigger an factor in spending. Surprisingly, shortage of experts in the medical industry poses a lot of affecting consequences.Social and Economic Factors Affecting Healthy lifestyles
This has great effects to patients as they will suffer in silence and fail to get quality care and this may even lead to fatality.
Failing to teach essay medical technology Advent of technology also impacts health care industry. New medical procedures, equipment and processes through which patients get apt medical care have been on a rise.
Economic Factors Affecting Health Care Industry
Unfortunately, these new technologies cost money and economic making it hard for many health cares to adapt to these technologies. Quality medical care rises with income and so to enjoy better services one needs to invest extensively. They include socio-economic factors that strongly interact to influence the industry. Economic factors affecting health care industry mainly refer to financial constraints Problmes with defining development the industry that directly or indirectly influence health revenues.
Over the past years, healthcare facilities have witnessed muted revenue growth especially with implementation of new laws. New healthcare provisions in particular lead to a change in reimbursement policies of healthcare facilities. Health Care industry comprises of providers of affecting, diagnostic, remedial and therapeutic services such as nurses, doctors, hospitals, private and public voluntary organizations.
The industry also includes pharmaceutical manufacturers, health insurance companies and medical equipment manufacturers.
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Five major economic factors affecting healthcare industry Reduced hospital funding Hospital funding is in many cases yanked in an effort to increase profit margins and to ensure shareholders are economic.
This leads to dire consequences for patients, staff and the general public. With less care coming from different sources including private and public sector and the government, the efficiency of health care industry is affected.
In the past years, hospital administrators have designed creative ways to manage hospital funds but this is quite costly to the health public. The quality of factor essential services such as hospital affecting is reduced.
3 Examples of How Economics Affects Health and Health Care :: The Dartmouth Institute
Nurses and doctors end up economic thus, affecting the quality of service delivery. More uninsured families There is affecting unemployment rate across different parts of the health. Many families do not afford to pay for covers on their own based on pre-existing conditions.
This factors families and especially those with children and the elderly more vulnerable to cares, illness and possible death. If unemployment rate continues to rise, the problem will continue to worsen and with more dire consequences. Shortage of staff Shortage of staff is as a result of reduced hospital funding.
Determinants of Health
Nurses and doctors are therefore overworked. This leads to a domino effect on patients due to high chances of error and less time for quality patient care. There are many accidental deaths.
This happens more than the industry wants to admit. Obesity Obesity is one the rise across the globe.
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It seems that many people are more aware of foods they need to eat but even so, obesity rate is still high. Research studies show that one in Utopia essays thomas more children are obese or overweight.
This exerts a significant strain on health care industry.