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Essay / Research Paper Abstract
This 15 page paper looks at hospitals and how costs have gotten out of control. Many issues are addressed inclusive of profitability. Solutions are explored. Bibliography lists 15 sources.
Page Count:
15 pages (~225 words per page)
File: RT13_SA216hsp.rtf
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Unformatted sample text from the term paper:
malpractice lawsuits, costs continue to escalate. In hospital administration, a pertinent question many ask is how to decrease costs without compromising quality. The question is valid and not so easy
to answer. After all, by pushing patients out the door, or providing a larger nurse per patient ratio, patient care may be compromised. Also, minimizing patient stays does not necessarily
cut the hospitals bottom line nor increase profits. What costs hospitals money? As with any business or organization, staffing is a significant expense as salaries mean taxes and benefits, something
that substantially drains budgets. Not only that but hospitals have to contend with rising cost of supplies. Pharmaceuticals for example are very expensive. The costs in this industry has been
a concern and in fact when it was thought that the nation might need a costly, hard to obtain antibiotic to treat Anthrax, concerns over the patent for that medicine
came into play. The fact that the medication is patented means that the one company that makes the drug can charge virtually what they want. Questions loom large in this
domain. Should pharmacy costs be so high? How does it affect hospital costs? While the costs are passed onto the hospital, and eventually to the client, it is often the
insurance company that foots that bill. While that is the case, insurance rates rise, and in the end, the high cost of health care is split by all concerned. Much
about the dilemma in hospital cost problems really concerns a larger umbrella of out of control health care costs. Although this is the case, it is not a problem swept
under the rug. Hospitals are cognizant of the problem as are vocal consumers and people are beginning to scrutinize their bills. Yet, while it is true that the problem is
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