Health Care At The Healthcare Industry

Universities stemmed some of the biggest medical advances in the health care industry amongst the world. The educational platform for the United States spells long term success for health care, by growing the next generation of top health care providers. In comparison Germany and Canada also are represented amongst the top 50 medical schools in the world, but lack any representation of the top 10 prestige rankings. On top of that, both other countries lack volume and opportunity to receive a valued medical education when compared to the United States.

Continuous and life-long learning- Unlike other professions in healthcare field one has to keep in pace with the updates going on, know the new technology,

Healthcare stakeholders know how to value what they have captured and they have come up with many ideas to help with their goal. “Big data could transform the healthcare sector, but the industry must undergo fundamental changes before stakeholders can capture its full value” (Kayyali, B., Knott, D., Van Kuiken, S., 2013). Since the affordable care act has been in place there has been an increase number of patients seeking preventative care or even seeking help for chronic illnesses that they weren’t seen for because of lack of insurance. Because of that, there has been a shortage of physicians, nurses and other healthcare providers. So the stakeholders have another challenge on their hands in trying to hire more doctors and nurses to help with the increase of patients.

Worldwide use of computer technology in medicine began in the early 1950s with the rise of the computers. In 1949, Gustav Wagner established the first professional organization for informatics in Germany. Medical informatics research units began to appear during the 1970s in Poland and in the U.S. Since then the development of high-quality health informatics research, education and infrastructure has been a goal of the U.S. and the European Union. (NYU graduate training program, 2010) Changes in the healthcare environment produced fundamental shifts in the delivery of healthcare. The altering landscape of healthcare is creating a huge demand for health data analytics. The growth and maturity of healthcare informatics over the past decade has been a prime catalyst in positioning the healthcare industry for the changes posed by reform measures. By understanding the process of analytics, clinical informatics specialists say healthcare providers have the insight necessary to make the process adjustments in the future.(Riskin, 2013)

Healthcare-Outline The United States is faced with a myriad of social and economic issues every day. Among these issues, The Affordable Healthcare Act (more popularly known as Obamacare) is a recent policy that has caused a lot of controversy. The Affordable Healthcare Act is a federal,

Implementation of Healthcare Information Technology potentially reduces cost yet, remains a continuous challenge. The adoption of improved healthcare infrastructure is compelling and significant barriers remain such as technical issues, cost, concerns about privacy and confidentiality, system interoperability and lack of well trained staff to lead the process (Palvia, Love, Nemati, & Jacks, 2012).

One of the biggest industries in the United States is health care industry, which accounts for over 17.5 percent of the Gross Domestic Product (GDP) of the country. This big representation of the nation’s economic activities impacts the overall economy. In other ways, it’s also impacted by the general economy. While the health care industry continues to grow, transformational changes also continue to enforce change in its organizational structure. Change in organizational structure enables health care providers to make arrangement for the change. In this case, the overall health care providers’ advance in new medical technology (to provide the best quality services), financial system, and the entire health care service structure, rules,

The United States healthcare industry is undergoing several trends to cope up with the ever-increasing demand and cost of health care industry. Managed care, lower reimbursement rate of Medicare and Medi-Cal and changing health care reform is creating financial challenges and increasing service area competition for various not for profit organization. Which has resulted in closure and consolidation of several not for profit health care organization. The author has elaborated various factors, in this case study that are responsible for developing crisis for a diverse nonprofit healthcare organization.

With the enforcement of both the Health Information Technology for Economic and Clinical Health Act (HITECH) and the Patient Protection and Affordable Care Act (PPACA), our health care systems have undergone drastic and continuous change in health care policy, regulations, and reforms. This has significantly changed the way our health care organizations have provided medical services to patients, and at the same time meet new health care law requirements. The issue, however, in meeting these reforms lies in ensuring patients receive quality care at an affordable price, and that health care organizations meet these goals through technological improvements with Healthcare Information Technology (HIT). In doing so, health care organizations can not only meet the new health care law requirements, but, at the same time, save financial resources to improve quality standards of care for patients in the present and in the future.

Data is one of the most valuable assets in any healthcare organization. The adoption and use of EHR systems makes it possible to collect, store, and analyze more data than ever before. Through the use of analytical tools this data is being turned into meaningful and qualitative information with which to support the clinical, operational, and financial decisions of the healthcare facility. The process of organizing and managing data so as to drive quality improvement efforts and business development within the healthcare industry is known as healthcare informatics. The article, Making Data Smart: Practical informatics is helping transform data into health intelligence, and now moving into day-to-day HIM work, by Mark Crawford, details how the HIM professional can utilize the emerging EHR applications and technologies to support health informatics and streamline workflows, improve quality care, and reduce expenditures.

This report will show that the healthcare industry in United States of America will go through three stages of evolution. Already through the first stage, this industry will restructure within an atmosphere marked by ambiguity in the regulatory environment, sustained scientific advancement, global economics and digital transformation. By 2030, the health care industry will be drastically different from today and ever more complexly tied to the global health market and its population. With the evolving changes in the industry over the time, our firm should realize the importance of creating new means of developing business and improve firm’s business strategy to continuously succeed in the healthcare industry.

The current state of the health care industry is currently the talk of the United States. The health care industry is currently the biggest moneymaker of the United States of today. They spend more on healthcare than any other developed nation. Health care is something that everyone needs in this world today. Many issues are faced because of the cost of health care. Currently some people consider our American health care system a failure. More than 16% of Americans are currently without health insurance. There are many people who believe that the modern medical industry is a success based on the competition and consumer choice. Currently, almost thirty countries have single payer universal health care systems. In 2009 President Obama,

The objective of this study is to investigate the causality relationship between the Health Care industry and nine other industries. Previous literature shows that the volatility of stock prices is informative; Granger causality is applied in this research by the use of a leveraged bootstrap test developed by Hacker and Hatemi-J (2006) to monitor the behavior of the volatility. The results shows evidence that support the volatility of the Health Care industry has an impact on the volatility of the Industrial, Consumer Staples and Financial industries. Also, the Health Care industry market was affected by five out of nine other industries, Energy, Materials, Consumer Staples, Information Technology and Utilities.

The healthcare sector has seen some remarkable transformation from the once chaotic, expensive and substandard services to quality and efficient health care services. Big data and its analytics brought out this change and can be seen the following areas in the health sector

The present challenges for the healthcare industry are significant. With a population that is forever aging, escalating costs, and the unsure impact of the Affordable Care Act, healthcare providers are under tremendous pressure to meet the needs of their patients while maintaining or even reducing costs. One such organization feeling this pressure is BayCare which is a leading not-for-profit health care system that connects individuals and families to a wide range of services at 13 hospitals and hundreds of other convenient locations throughout the Tampa Bay and central Florida regions. Inpatient and outpatient services include acute care, primary care, imaging, laboratory, behavioral health, home care, and wellness. With over 3,100 practicing physicians and more than 58,500 surgeries performed annually, their budget for operating room supplies exceeds $80 million annually across all facilities. Morton Plant Hospital is faced with the challenge of reducing overall operating costs without sacrificing their high standards of patient care and safety. The hospital realized that surgical waste represented a huge opportunity to address. By providing visibility to information that was otherwise hidden, a case cart system would be able to track surgical materials issued, used, and returned; including between doctors, procedures, and locations. This could help the hospital to achieve a number of objectives including: guarantying that all material issued to the OR was accounted for