...Aging of America and The Preventive Measures we take Christopher J. Murray Professor Adler HCM 625 Selected Learning Activity for December 2012 { Salem International University, Healthcare Management Program } Abstract Between now and 2030, the number of Americans age 55 and older will almost double. To put the demographic numbers into perspective, we will see 60 million to 107.6 million; a 10 percent increase as the Baby Boomers will reach their retirement age. Within that same time period, the number of Americans over 65 will more than double, with an increase in population of 34 million to 70 million; an almost eight percent increase (Administration of Aging). The average life expectancy has increased almost 20 years for females and 16 years for males, in part due to the advancements of our educational system and healthcare. We, as Healthcare Managers, must plan accurately because of this current trend of extended longevity. Fail to prepare, prepare to fail. What do these words mean for our country? It is imperative that we, as Americans, prepare for the future in all aspects due to such a large population. We will see drastic increases in aging, income, and the need for a practical plan by every American because of the statistics that have been listed. The proof is in the pudding by showing the statistics given by the Administration of Aging; we see increases in all age brackets...
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...Long-Term Care Phyllis E, Adams HCS 490/Health Care Consumer: Trends and Marketing March 31, 2014 Dr. Eboni Green Long-Term Care As the “baby boomers” reach retirement age there will be many questions raised concerning how our society will sustain certain systems that support the current and future retired population. With newer health initiatives people are living longer and in better health than in the past. The irony is that this is one of the dynamics that will put a strain on our economic and healthcare systems in the future. “Today, 40 million people in the United States are ages 65 and older, but this number is projected to more than double to 89 million by 2050” (Jacobsen, Kent, Lee, & Mather, 2011). It is not easy to say who will and will not prosper during this time. Supplemental programs like Medicare and Medicaid were developed to assist the low income citizens with medical care cost. Will Medicaid and Medicare cover costs for long-term care? Can the low-income aging population afford long-term care, or will they have to depend on family for support? Will there be an adequate number of medical professionals to address the medical needs of the aging population? Are the “baby boomers” financially prepared for retirement needs? Will our supplemental programs be depleted in the near future? These are a few of the questions surrounding this issue that I will attempt to address in this paper. Long term care is a term often associated with medical care...
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...1. List a few major challenges you think would impact the future economic well being of the United States. Explain why these are crucial challenges and how they can be overcome. Your response must make references to short term fluctuations as well as long-term economic growth prospects. As I see it, the U.S. national debt is one thing that will have a huge impact on the future economic well being of the United States. As of July 19, 2015, the U.S. national debt equals $18,158,174,556,882.73 (U.S. National Debt Clock), which is 101.53% of the gross domestic product (Trading Economics, 2015). From an individual’s perspective this exorbitant national debt will potentially lead to higher taxes, reduced benefits (for example Social Security), and higher interest rates. The national debt has continued to increase approximately $2.05 billion dollars per day since September 2012 (Trading Economics, 2015). If the U.S. government doesn’t find a way to curb the current expansionary fiscal policy, the United States could find itself in a situation similar to Greece over the past few weeks. As a healthcare provider and someone who sees the firsthand effects of the current system on patients and healthcare organizations, I am very interest in healthcare reform and its impact on the Federal budget deficit. With healthcare expenditures in the U.S projected to reach 34% of the GDP by 2040, the case for healthcare reform is a no-brainer, and President Obama’s monetary policies sought...
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...Long Term Care: A Directional Strategies Report for Interim Healthcare, Inc. Group 6: Jessica Aho, Roger Brenz, Dale Bunton, Kadigah Chess MHA5010 Strategic Health Care Planning Instructor: Matthew Brooks Abstract This document will explore the directional strategies of Interim HealthCare Inc., a long term care facility located in Sunrise, Florida. Our team will analyze the existing stated directional strategies (mission, vision, values, and ethics statement) given by Interim HealthCare and then will offer suggestions of improvement to ensure a foundation necessary for the current strategies of the organization. Long Term Care: A Directional Strategies Report for Interim Healthcare, Inc. Introduction Interim HealthCare, based in Sunrise, Florida, was founded in 1966 and is currently the nation’s oldest proprietary national organization. There are over 300 independently own franchises which employ more than 75,000 health care workers that services approximately 50,000 people daily. Interim HealthCare offers both home care and home health care services to a variety of settings including hospitals, nursing homes, physician offices, prisons, schools, and clinics. In addition, Interim HealthCare also offers hospice services for terminally ill patients in their last months of life to provide the highest degree of comfort and dignity possible using state-of-the-art symptom management for quality care. With the growing need for qualified supplemental health care staff...
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...Cigna is a multifarious health care organization whose company reaches across the world to provide healthcare, to its consumer. Cigna has roots in the healthcare business from its parental foundation, dating back hundreds of years. In 1982, Cigna began its own venture in the healthcare organization in the state of Connecticut after the unification of Insurance Company of North America (INA) and Connecticut General Life Insurance Company (CG). By expanding its services to customers in the United States and around the globe that provides medical, dental, disability, life and accident insurance, and related products, Cigna has become a global health service leader. Network Growth and Strategies In 2014, Cigna launched a new brand campaign,...
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...• • • • • • The Future Challenges Facing Health Care in the United States • Donna Kester • Dr. James Driscoll • HSA 500 • December 7, 2011 • The Future Challenges Facing Health Care in the United States Identify and describe at least three of the most difficult issues facing health care in the United States today. One of the most difficult challenges that our healthcare system faces is in long term health care policies such as Medicare and Medicaid. Medicare is the federal program for the elderly and disabled. It covers many of the costs associated with acute medical care but covers very few long term care services. Medicaid is a federal and state health program which covers long term care but only for those people who are poor or have become poor paying for medical care (Williams & Torrens, 2010). Although long term health care services are less of a priority compared to other health care services, problems in the current long term care system are due to the controversies and lack of responsibility of the state and federal governments. Even though we have seen tremendous growth in home-care services, nursing homes continue to dominate the service system. State and federal governments continue to struggle to manage costs of the different services they provide and continue to quarrel over their respective financial responsibilities. Another difficult challenge is life style diseases. The life style diseases...
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...Reform and the Resulting Effects Kristen Opp Benedictine University Health Care Reform and the Resulting Effects Health Care reform, the expansion of healthcare coverage to the uninsured and unemployed, is under speculation regarding its long term economic impact. Although it will get more individuals covered with insurance it will come at a cost to small businesses and tax payers. These changes may be what most consider improvements but we must look at the long term affects on our healthcare system, for example it will also result in “$500 billion in Medicare cuts over the next decade” (Jackson & Nolen, March 21, 2010). Speculation is that healthcare reform is a band aid fixing existing problems and lowering the deficit but could be setting future Medicare plan participants up for hardship. The short term positive effects include free preventative care under Medicare, help for early retirees, end of rescissions and discrimination for pre existing conditions, and bans life time limits on coverage to name a few according to David Hancock in a recent CBSNEWS article (2010). Another simple speculation is that hospitals will benefit due to increased insurance coverage which will mean more patients through the door and less abandoned bad dead accumulated by uninsured patients unable to pay. Research on long term affects has not been quite as positive or conclusive. Most likely as a result of the new tax on unearned income (investments) there will be a negative affect...
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...the healthcare industry tremendously. The need for specialists, more testing, medications, and skilled healthcare is rising along with this population. This causes the cost of healthcare to increase as well as the demand on healthcare workers. This summary will discuss how the aging population affects the area in which I live including: healthcare related challenges, the impact on the healthcare market, marketing needs and services needed by this population, and how these challenges can be addressed. Healthcare in Ohio is being impacted by the aging population. According to Strunk, Ginsburg & Banker (2006), “ As a result of the baby-boom generation—the leading edge of which is now turning age sixty—the proportion of the U.S population older than age sixty-five is projected to grow from 12.4 percent in 2005 to 14.5 percent in 2015 and 18.2 percent in 2025. Although the aging of the baby-boom generation is a key factor in the aging of the population as a whole, increasing life expectancy is also important” (para. 2). To be more specific the aging population in Ohio is expected to go from 13 percent to 20 percent over the next thirty years (ohio.gov, 2010). The increased amount of people that are age 65 and older will lead to increased healthcare costs. A person's life expectancy is longer and that also increases the incidents of chronic diseases, disability, and the need for long-term healthcare. There will be an increased need for doctors, nurses, and healthcare workers...
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...Demographic Shifts: The Future of Pensions and Healthcare in a Rapidly Ageing World Interim Report World Economic Forum, January 2008 The World Economic Forum would like to express special thanks to Mercer (Marsh & McLennan Companies) for its strong contribution to the Financing Demographic Shifts Initiative and the development of this document. In addition, the World Economic Forum would like to thank all active contributors from a broad range of Industry Partners, international organizations, leading academia and policymaking institutions for their ongoing support and guidance. All names of the members of the Advisory Board and Expert Group of this initiative will be included in the final scenarios report (to be published in the second half of 2008). The views expressed in this publication do not necessarily reflect the views of the World Economic Forum. World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Tel.: +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 E-mail: contact@weforum.org www.weforum.org @ 2008 World Economic Forum All rights reserved. No part of this publication may be reproducted or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system. Contents Introduction Executive Summary Demographic Shifts Key Challenges for Pensions and Healthcare in Developed and Less Developed Countries Key Driving Forces Shaping the Future of Pensions and Healthcare Globally Some Key Insights...
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...the future of health care? What long term strategies do we need to have in place to assure our healthcare success as a nation? In the future of health care, I believe that there will be some extrodinary change. Firstly, in the U.S, if the Affordable Healthcare Act goes well, many citizens will be beneficial. The citizens that do not afford to buy health insurance can now have health insurance; the health insurance can no longer discriminated the people who have the history medical; the citizens can afford to pay the medical payment and enjoy the high quality health service; Medicaid would be expanded to cover everyone whose income is below 150 percent of the poverty line, or about $33,000 per year for a family of four. Besides, the patients can take on a larger and more active role in managing their wellness and health. In the past, healthcare has been a top-down proposition, with the physician at the top as sole authority instructing the patient . Of course, in the future, I am pretty sure that the technology will be more advanced. Then the earlier detector will work well. With new detection technologies, serious conditions such as glaucoma, diabetes and digestive system problems can be mitigated. Thirdly, high-tech healing can significantly boost outcomes and quality of life. Even though there are may be many long term strategies that can help assure our healthcare success as a nation, in my opinion, the leadership strategy is most useful and essential. Healthcare field...
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...9-206-005 REV: MAY 22, 2007 JOSHUA COVAL Partners Healthcare In May 2005, Michael Manning, the deputy treasurer of Partners Healthcare System, was formulating a recommendation to the Partners Investment Committee. He had been asked to analyze the role that different “real assets” could play in Partners’ $2.4 billion long-term pool (LTP) of financial assets. He was then expected, on the basis of that analysis, to recommend both a size and a composition for the real-asset portfolio segment within that LTP. Background Partners Healthcare System was the largest health-care network in New England, providing a range of primary, secondary, and tertiary health-care services to millions of patients from throughout eastern Massachusetts. The Massachusetts General Hospital and the Brigham & Women’s Hospital, two world-famous acute-care hospitals in Boston, had joined together in 1994 to found the Partners network. Both Mass. General and Brigham not only provided acute clinical care but were also research and teaching hospitals affiliated with the Harvard Medical School. Over the next few years, four suburban hospitals had also joined the network, as had dozens of physician organizations (practices with multiple numbers of doctors) across eastern Massachusetts. A variety of important staff functions, including treasury functions like asset management, had been centralized at Partners headquarters in downtown Boston, but all the clinical care and research took place...
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...Responsibility Paper Annie S. Pyram University of Phoenix HCS/545 Terry Matherne April 9, 2012 The first baby boomers turned age 65 as of January 2011, Over the next twenty years, there will be an enormous increase for adults 65 and over. This elderly population will definitely need primary, acute and long term care. In comparison with today’s 12% it has been predicted that Americans who reach 65 and older will be one in five. In this paper, I will discuss the challenges and issues about the aging adult population in America. Due to this expected growth of the adult population over the next 50 years, there will be a great impact on the health care system in regards to the supply and demand of health care professionals. Many of the elderly populations are living longer, some are continuing to work by reducing their hours of work and some are expected to retire and the need for health care services will increase. The healthcare workforce must be equipped, trained and prepared to provide services for this aging population (Institute of Medicine, 2008). People born between 1946 and 1964 are called the baby boomers, has an enormous effect on the health care system in America. The rising cost of health care is spiraling out of control, increasing the cost of hospitalization for the elderly patient population. As the century progresses the elderly...
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...Mercy Nagbe HCS/235 Presentation Professor Nate Garner November 15, 2015 What Is Long-term Care ● Health derives the need for care. ● How long does care last? ● Who will need Long-term care? Long Term Care Ensuring quality care: The decision to put a family member in a long-term care facility, nursing homes or assisted living home can be very difficult, but one of the primary concerns is about whether or not your family member will get loving care and quality care in a safe environment. Residents Rights Respect: Long-term care resident residents are to be treated with dignity and respect. They have the right to select the activities that they would love to participate in. They also have the right to leave the facilities with family or friends after notifying the staff. Restraints: By law it is wrong to use physical chemical restraints on residents except when it is necessary to treat medical symptoms. Who are stakeholders? ● ● ● ● Providers Payers Employers Patients Between patient and employer ● ● ● ● Patients have the expectancy to be offer a wide variety of options for whatever care that can be customized to their special needs. Basic premise is to provide the most options and the least out of pocket cost to consumer. Employers want to maintain their cost and contribution and they want the patient/employee to seek only needed care, and instructions. Patients should seek to reduce their health risk behaviours, i,e. diet, exercise and smoking. Between Providers...
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...Health Informatics and Healthcare Introduction Health informatics as defined by Shi and Singh 2015, as the application of information science to improve efficiency, accuracy, reliability of healthcare service, and inclusion of healthcare delivery. Healthcare informatics is becoming more complex than any other time in recent memory, the foundation needed to bolster device utilization and interoperability is more expanded, and there is even a more extensive scope of utilization to consider. As the populace ages, there is added pressure to provide patient care choices at home and in the community, implying that medical devices are getting to be a piece of a much bigger ecosystem spreading over the steadily developing continuum. This paper will analyze health informatics and discuss its benefits, trends, current issues, the impact health informatics in healthcare settings, and the role of health managers and the future. An interview will be conducted with a health professional to get their point of view of how health informatics have impacted their workplace, with further discussion of human resources, careers and the future. History The U.S. National Library of Medicine defines health informatics as a collaborative effort of designing, developing, adopting, and applying IT-based ideas in healthcare services delivery, management and planning (Kramer, 2012). In 1949, Gustav Wager of Germany founded the first professional organization for...
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...Several investment pools have been established by the partners of the Partners Healthcare and the two main investment pools are the short term investment pool and the long term investment pool. The investment pools invest the funds of the hospitals in order to generate the desired risk objectives and under the minimum risk of their returns in order to fulfill the needs of all the hospitals. Furthermore, the investment assets in the short term pool comprised of about the short term fixed income financial assets with high quality in terms of the expected returns. These are the reasons that the STP is treated as the risk free portion of the entire investment portfolios of Partners Healthcare. However, the investment assets in the LTP comprised of high risk equity stocks and foreign stocks also which made the risks much higher for this specific class of the investment fund. Therefore, in order to diversify the risks associated with LTP and to decrease the volatility of the returns for this specific fund in the long term, the Investment Committee of Partners Healthcare sought to introduce a new type of investment assets in the LTP. This new type of the investment asset is called as the real asset. Two types of the real assets which were REITs and the commodities such as the futures were considered for incorporation in the LTP portfolios and a result of that the performance of LTP at the end of 2004 turned out to be excellent. Moreover, the Investment Committee wanted to expand...
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