Healthcare Cost Assignment

Added on - 28 May 2020

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Running head: PRACTICUM ASSIGNMENTPRACTICUM ASSIGNMENT[Author Name(s), First M. Last, Omit Titles and Degrees][Institutional Affiliation(s)]
2PRACTICUM ASSIGNMENTThe burden of the cost of healthcare remains on the rise and affect the individuals of acountry and the country at large. Part of this additional cost is attributed to medical tests that arecommon with doctors. In as much as medical tests form the basis of disease diagnosis, it hasemerged that not all the medical tests that patients undergo are needed. Some of them haveculminated into unnecessary inflation of the healthcare costs. Several factors have been found tobe directly contributing to chances of overuse and thus unnecessary medical tests in thehealthcare centres[ CITATION JMi11 \l 1033 ]. These factors can collectively be named a culture ofmore. Among the factors, include:The training and culture of physiciansDefensive medicineA structure for free-for-serviceA preference of technological solutions among the stakeholders in healthcareAggressive nature for the market by the developers of procedures, tests and drugsLack of integrity when it comes to the actual costs of care[ CITATION Vij16 \l 1033 ]Various strategies can be deployed to reduce or even eliminate inflated healthcare costs thatresult from wastes of resources concerning unnecessary tests. These strategies are inclusive ofboth administrative and healthcare based strategies. The administrative interventions are adoptedand reinforced by the management of the various healthcare-providing outlets. The healthcare-based interventions require adherence to the code of practice and conduct by the physician aspart of his professional training to execute his duties. These interventions are geared towardsenhancing transparency and honesty between the patient and the doctor without the doctorattempting to serve self-interest at the expense of the patient[ CITATION Lei11 \l 1033 ]. The
3PRACTICUM ASSIGNMENTfollowingstrategies can be used in curbing the high cost of healthcare by reducing misuse ofresources related to unnecessary tests:Adoption of the policy of reflex testingLimitation and review of the standing order policyReview of denials of paymentLimitation of inpatient testing by developing a lab formularyEnactment of a committee to oversee the utilization of testsReview of test menu and knocking out obsolete testsUsing specialty to review preoperative lab testsWays to translate outcomes into measurable dataMost of these strategies are administrative interventions of curbing high healthcare costsby reducing possible wastages through unnecessary tests[ CITATION Vij16 \l 1033 ]. A healthcarecentre may have the data on the number of lab tests done before the adoption of these strategiesin each department of the healthcare unit. After a period, during which the strategies wereadopted, the management can again do a statistical analysis to evaluate the effectiveness of thestrategies.This can be either by grouping the strategies in groups of interdependence, adopting allthe policies at ago or adopting a policy at a time. Statistical analysis would be done on thenumber of tests done during a period of the strategies and comparison against the pre-existingstatistics during which the strategy had not been adopted[ CITATION JMi11 \l 1033 ]. It will beobvious that a decrease in the number of medical tests done on the patient would mean areduction in the cost of healthcare in the healthcare institution. Fewer tests mean fewer resources
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