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Order 17336024

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Subject

Health & Medical

School

Columbus Technical College

Type

Homework

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zvpunrynerara984

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Running head: HEALTHCARE SYSTEM ANALYSIS

Healthcare System Analysis

Student’s Name

Institution

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HEALTHCARE SYSTEM ANALYSIS

Healthcare System Analysis

Introduction

The health department remains to be one of the most significant expenditure areas of the

US budget in relation to the GDP. In 2018, the health department spent $3.65 trillion, which

represents 17.8% of the GDP. In 2017, the US government had spent $3.5 trillion in healthcare.

One of the factors that can be attributed to the high and the rising healthcare costs is the

increasing percentage of elderly members of the society from the baby boomers generation. The

increase in the elderly members of the society calls for specialized care, which includes skilled

healthcare facilities for different conditions, for example, dementia or Alzheimer's. Below is a

cost consideration discussion that explores the cost of providing services in a specialized facility

for patients with Alzheimer's or dementia. Planned revenue streams will be analyzed as well to

determine the viability of running the specialized facility as a business.

Costs of providing services in the health facility

Loans for property, equipment, and inventory represent one of the significant costs to be

incurred by the health facility in the provision of services to people with dementia or

Alzheimer's. For the healthcare facility to be operational, it requires to be housed in a given

property, and have specific equipment that will enable medical personnel to offer healthcare

services (Childers & Maggard-Gibbons, 2018). Also, keeping an inventory is an expensive

exercise that requires a consistent supply of cash. If the facility is run privately, these are high

costs that can be met through loans. If the facility is run as a public health center, the government

may step in and assist with some costs making it a less expensive venture.

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1 Running head: HEALTHCARE SYSTEM ANALYSIS Healthcare System Analysis Student’s Name Institution 2 HEALTHCARE SYSTEM ANALYSIS Healthcare System Analysis Introduction The health department remains to be one of the most significant expenditure areas of the US budget in relation to the GDP. In 2018, the health department spent $3.65 trillion, which represents 17.8% of the GDP. In 2017, the US government had spent $3.5 trillion in healthcare. One of the factors that can be attributed to the high and the rising healthcare costs is the increasing percentage of elderly members of the society from the baby boomers generation. The increase in the elderly members of the society calls for specialized care, which includes skilled healthcare facilities for different conditions, for example, dementia or Alzheimer's. Below is a cost consideration discussion that explores the cost of providing services in a specialized facility for patients with Alzheimer's or dementia. Planned revenue streams will be analyzed as well to determine the viability of running the specialized facility as a business. Costs of providing services in the health facility Loans for property, equipment, and inventory represent one of the significant costs to be incurred by the health facility in the provision of services to people with dementia or Alzheimer's. For the healthcare facility to be operational, it requires to be housed in a given property, and have specific equipment that will enable medical personnel t ...
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