Health Care in the USA
The health care industry is a gargantuan, $2.5 trillion monster that accounts for almost 20 percent of the national gross domestic expenditures. Its size generates many problems, but its greatest challenge is probably adapting to the changes brought by the Affordable Care Act.
Government regulation and increased public scrutiny have changed the face of health care in this country, from the way it is accessed, delivered and billed. United States citizens pay more for health care than other countries, on the whole. For example, in the United Kingdom the cost of health care is a paltry 9.3 percent. Most people agree that changes are necessary, but the question is, how do you enact them?
The current methodology is no longer applicable. Some of the differences in the new workings of the system are that, because insurance is now mandatory, the number of Americans who have access to medical care is growing. While the number of people getting medical care increases, the per-patient reimbursement rate for hospitals and clinics is declining. That means providers must readjust their billing practices and operating expenses. In addition, insurance companies do not pay at the same rate.
All of these changes mandate close attention to the financial aspect of the health care industry. Government regulations changed, and the way data is kept has to change with it. In addition, the technology evolution has increased the number of people who can access the information, and the security of health care information systems has to be ensured. Transparency is important because, with the new policies, the government and the public are closely monitoring the system.
All of this results in a shortage of professionals in the health care system. This is true of medical personnel as well as business professionals. People who have worked in the industry for years are now finding they need to update their skills to keep pace with the changes. To deal with the anticipated shortage, health care business programs, like the one offered by George Washington University are making their degree programs more enticing. Online programs mean that professionals already employed in the health care system can attend school at their own pace and lessen the inevitable stress that combining school and work creates. Online programs cost less too.
Health care business is big business. Professionals who update their business and leadership skills will be at industry forefront.