Healthcare Facility

Paper Summary:

Due to changing socio-demographics, the demand for health care and advanced medical technologies is growing consistently in St. Louis, with a concomitant rise in health expenditure. This paper introduces the strategic management of a healthcare facility in St. Louis, based on the micro and macro analysis of demography and economics.

From the Paper:

"Medicaid and Medicare were implemented in 1965 to provide health and custodial care for people who could not afford it themselves. As Medicaid pays for half of the nursing home expenditures these costs have been rising steadily with the changing demography, and longer life expectancy.[Author not available, 1997] A growing population and rising cost of health facilities has added to the Medicaid expenditure.[Author not available, 1997]
Insurance seems to be a better alternative for providing nursing home care as a vast majority of people over 65 years will not require nursing home care, and the duration of stay for the remainder will likely be short, only 9% remaining more than 5 years.[Author not available, 1997] But expensive premiums, less incentive to purchase insurance due to the availability of Medicaid and desire to remain with family and thus transferring funds to other individuals that could have been used for insurance used on long term nursing care, keeps the burden on Medicaid.[Author not available, 1997]"

More papers on Healthcare Facility:

• Case Study # 64635 : "Marketing Audit for a Healthcare Facility"
• Analytical Essay # 68989 : "Improving Healthcare in a Healthcare Facility"
• Research Proposal # 107964 : "Challenges Faced by Rural Healthcare Facilities: Research Proposal"

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