Benefits Of Cost Of Healthcare

2105 Words Nov 27th, 2016 9 Pages
Saving money in hospital departments
The healthcare sector has experienced some financial constraints over the past years and this is believed to be as a result of high costs that they spend. The hospitals have been undergoing rising cost of healthcare and this has raised eyebrows of many people associated with this, the top managers and the government not left out. The high cost of healthcare is caused by various reasons that are directly associated with the operations in the hospitals and the clinics. Many claims have therefore been come up with in order to reduce the costs of all that is spent. For instance, In United states of America, the Affordable Care Act was formed so as to check on how the costs could be reduced. The key factor in this is, healthcare cost is reduced and at the same time the quality of the healthcare service provision improved as elaborated by, Taheri, P. A., Butz, D. A., & Greenfield, L. J. (2000).
First, large focus will be made on what is known as “wasteful spending” before coming up with a good way that can be used to reduce the costs in hospitals. These are expenses that are believed as ones that are not associated with improved quality in the delivery of services to the patients and the clients. Some earlier research estimates that wasteful spending is able to account for over one-fourth of the total spending in the healthcare. Wasteful spending is brought about by many factors. For example, unnecessary care is the number one factor that…

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