Changes affect healthcare industry

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The bipartisan Budget Act of was signed into law on November 2. Specifically, this law requires all federal agencies to update their Civil Monetary Penalties CMPs based on the CMP values from the time they were last updated, and taking into consideration inflation since that time as measured by the consumer price index.

Although this provision is not specific to the healthcare industry, it is expected to impact this area more than others because many healthcare provider fines have not increased since the s.

This provision is set to go into effect no later than August 1, , with annual updates issued by proposed rulemaking in the future. Notably, within the language, there is a provision that will allow agencies to not raise fines if the agency determines that the social costs of such an increase would outweigh the benefits. Additionally, as required by the Improving Medicare Post-Acute Transformation Act, the group continued its discussion of this topic, specifically debating incentives for providers to improve post-acute care, and the possibility of a third party managing post-acute care.

Currently, PACE integrates preventative, medical, and long-term care for the elderly, such as allowing beneficiaries to avoid institutionalization by receiving services through adult day-care centers.

According to an Association of American Medical Colleges AAMC analysis, women comprise 46 percent of all physicians in training and nearly half of all medical students. Based on these statistics, we can assume more women may enter the medical profession in the coming years. African-American women are more likely to become doctors than their male counterparts, according to AAMC data.

While African-Americans comprise only four percent of the physician workforce, 55 percent of the African American physician workforce is female. This shift in demographics to include more women in healthcare supports diversity in the industry and represents overall population diversity. The prevalence of malpractice lawsuits is one way to evaluate the competence of healthcare providers.

The amount of malpractice claims in the U. As the trend of declining malpractice lawsuits continues, it may indicate that provider competence and patient care will continue to improve.

Job satisfaction is one area that must improve. Nurses report higher overall career satisfaction than doctors, based on results of the latest Survey of Registered Nurses conducted by AMN Healthcare and compared to the Physician Compensation Report. Nine out of 10 nurses who participated in the survey said they were satisfied with their career choice. However, one out of every three nurses is unhappy with their current job.

It is difficult to say whether job satisfaction will increase in the coming years, but continued technological advancements designed to streamline the healthcare process offer hope to those who may be frustrated with the complexity of their jobs. Demands on healthcare change due to various reasons, including the needs of patients. Every year, new cures and treatments help manage common diseases.

Each such development affects the entire healthcare system as much as it has a positive impact on patients. As illnesses become more common, our healthcare system must adapt to treat them. Patient care needs will also evolve as the population ages and relies more heavily on resources such as Medicare and Medicaid.

Patient empowerment is expected to increase with advances in technology. The bubonic plague is a good example of a disease that can drastically change the healthcare system by quickly shifting all resources to handle an epidemic. In the Middle Ages, the Black Death spread so quickly across Europe that it is responsible for an estimated 75 million deaths. It may be surprising that the bubonic plague still circulates today.

In fact, according to Center for Disease Control data, there were 11 cases and three deaths in the U. Although the bubonic plague is not near the threat it once was, other diseases and conditions of concern are on the rise. The following seven conditions are on the rise and can be expected to have an impact on healthcare in the near future:. The healthcare industry has identified these previous conditions, preparing to handle further increases with supplies and resources. However, a new threat is always possible.

If something similar to the Ebola virus spread across the country, this would have a drastic impact on patient care and healthcare facilities. The current baby boomer generation, which initially consisted of 76 million people born between and , will be coming to retirement age and will increase federal spending on Medicare and Medicaid by an average of 5. Healthcare technology trends focus heavily on patient empowerment. The introduction of wearable biometric devices that provide patients with information about their own health and telemedicine apps allow patients to easily access care no matter where they live.

With new technologies focused on monitoring, research, and healthcare availability, patients will be able to take a more active role in their care. From policy to patients and everything in-between, the healthcare industry is constantly evolving. Aging populations, technological advancements, and illness trends all have an impact on where healthcare is headed. Since it is crucial to pay attention to shifts in society to understand where healthcare is headed, consider dedicating time each day to reading recommended industry literature that you will find in our list of 25 books for every healthcare professional.

The program provides traditional MBA core courses and specialized healthcare electives to help tailor the curriculum to your goals. Skip to main content. Historical Changes in Healthcare Healthcare reform has often been proposed but has rarely been accomplished. The Complexity of Healthcare The many layers of variance in all parts of healthcare is what makes this system so complex.

Health Insurance Market Choosing a healthcare plan illustrates the complexity of health insurance plans in the U. Healthcare Regulation Insurance is not the only complexity within the system.

How Change Impacts Healthcare Resources and Facilities Changes in the healthcare industry usually occur at the legislative level, but once enacted these changes have a direct impact on facility operations and the use of resources. Historical and Predicted Changes in Healthcare Facilities Cultural shifts, cost of care, and policy adjustments have contributed to a more patient-empowered shift in care over the last century.

The Future of Medicare and Medicaid As the baby boomer generation approaches retirement, thus qualifying for Medicare, healthcare spending by federal, state, and local governments is projected to increase. A Shift in Healthcare Providers Along with policy and technological changes, the people who provide healthcare are also changing. Demographics In recent years, the demographics of the medical profession have shifted. Competence The prevalence of malpractice lawsuits is one way to evaluate the competence of healthcare providers.

Satisfaction Job satisfaction is one area that must improve. Evolving Needs of Patients Demands on healthcare change due to various reasons, including the needs of patients. Illness Trends The bubonic plague is a good example of a disease that can drastically change the healthcare system by quickly shifting all resources to handle an epidemic. The following seven conditions are on the rise and can be expected to have an impact on healthcare in the near future: Sexually Transmitted Infections: Chlamydia and gonorrhea rates have increased, and syphilis rates rose by Obesity: Obesity continues to be an issue in the U.

Obesity rates have increased by 17 percent in the past five years. Autism: For every , people, 1, are diagnosed with autism. This number continues to rise annually. Recent increases may be due to awareness as doctors become more familiar with the symptoms of autism. Coli: Within 10 years, cases of E.

Many E. Liver Cancer: Incidences of liver cancer have increased by 47 percent in a recent year timeframe. Kidney Cancer: Healthcare practitioners have treated