Essay on "Health Care Economics. Terms: Quality"

Essay 3 pages (911 words) Sources: 3

[EXCERPT] . . . .

While all these resources are existent within the modern day communities -- especially in the more developed global regions -- they are not always omnipresent within the healthcare sector. And this is the result of the high costs they require. The cost basically represents the amount of money the health care organizations have to pay in order to access the resources and deliver the quality services.

As the quality demands increase, the resource consumption also increases, to eventually materialize in higher operational costs for the health care agencies. But their access to financial resources to cover these costs is often limited. Based on the nature of other revenues, the health care agencies are divided into two categories -- public institutions and private institutions. The private institutions are often credited with a wider access to financial resources as they charge for their services. Nevertheless, the actual number of people who afford to pay for private medical services is relatively reduced, meaning as such that the overall financial reserves of the private institutions are still restricted.

At the level of the public institutions, these retrieve all of their financing from the federal budgets. And the funds of the federal budget are subjected to a wide number of issues, such as delays in reimbursement for the medical services offered by the institution, or numerous socio-economic concerns which decrease the availability of funds. One relevant example in this sense is offered by the determination of the United States to invest extensively in its military and defense, which -- despite the laudable objective -- also leads to restricted budgets for the other state services, including health care. Additionally, the pressure on the federal budget is increased currently as a result of the economic crisis.

In other words, the quality, resources and costs are characteristic of all health care institutions, but they are generally determined by forces outside the medical facilities, such as patient demands, socio-economic trends, technologic evolutions and so on. With this realization in mind, it becomes obvious that the health care community has to continually develop alongside with the society and use the dimensions of quality, resources and cost as sources of adaptation to the new needs and features.

References:

Wolper, L.F., 2004, Health care administration: planning, implementing, and managing organized delivery systems, 4th edition, Jones and Bartlett Learning

Institute of Medicine, 2003, The Richard and Hinda Rosenthal lectures spring 2001: crossing the quality chasm, National Academies Press

Longman Dictionary of Contemporary English, http://www.ldoceonline.com/dictionary last accessed… READ MORE

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