What trends or threats are or will impact the financial environment of healthcare organizations? These may include legislative changes, lack of primary care providers, or changing demographics. How can we best prepare for the impending trends if they are continuously changing? Identify the pertinent changes that you might experience. What plan would you propose to address the changes?
4-8 pages. APA formatting is highly recommended, but not required. A minimum of 4 academic references are required. Do not use wikis, blogs, white papers or other non-academic references. If you are unsure about the quality of the references, please contact your instructor.
Since the United States lacks a central organizing apparatus for financing health care there is a need for companies or the government to intercede and provide access to care for uninsured and underinsured populations. In 'Survival Strategies for Michigan's Health Care Safety Net Providers "(Jacobson, Dalton, Berson-Grand, Weisman, 2005) a study was performed of health care safety net organizations to determine if their current services were meeting the need of the uninsured and underinsured populations. The research cites a sicker patient population and difficulty in retaining staff, in particular nurses. As a result, the health care clinics are forced to implement fees, recruit insured patients, expand fundraising activities, reduce services, and in some cases refuse to care for patients. The research found that without increased federal funding these clinics are unlikely to continue to be able to serve this population in a reasonable manner.
The Affordable Care Act is also implicating the financial environment in health care, in that businesses that employ 50 or more "full-time equivalent workers who work more than 30 hours a week must offer health insurance. As a result, employers are employing more part-timers, to avoid paying health care or the "$2,000 penalty for each uncovered worker beyond 30 employees" (Wall Street Journal, 2013). It is estimated that this new legislation mandating insurance will cost the franchise industry alone "$6.4 billion and put 3.2 million jobs "at risk"" (Wall Street Journal, 2013). Firms are being encouraged, in a backward fashion, to cap full-time employees at 49, or face a $40,000 penalty for hiring a 50th employee. The legislation also encourages employees to hire lower skill workers and cap them at 29 hours per week to avoid paying insurance. This cost to businesses is crucial to note plus the impact to employees who wind up without employee health care benefits. The article states, ...
This solution discusses trends or threats that have or will impact the financial environment of healthcare organizations. It discusses how to prepare for these trends and changes that might be experienced. It is thorough and includes APA formatted references. It is formatted per APA guidelines.