As healthcare providers, it’s always important to understand what’s going in the healthcare industry for it will affect you, your job, your business and your family. Here are the top 5 Healthcare news in the web:
1. Affordable Care Act gives pregnant women options
Under the Affordable Care Act, lower-income women who signed up for a private policy in the new insurance policy will have access to additional coverage from their state’s Medicaid program if they get pregnant. Medicaid already pays for nearly half of US births but this new development would create a safety-net program to supplement private insurance for pregnant mothers.
Officials and advocates say the enhanced coverage will be available across the country, whether or not a state expands Medicaid under the health law. However, states have different income cutoffs for eligibility, ranging from near the poverty line to solid middle class.
2. Palliative Care Approach towards elderly care is advocated for education and training for healthcare professionals.
There has a been a noticeable disconnect between the scientific (standard) approach and the person-centered approach towards caring for the elderly hence the need for palliative care education for healthcare providers. In a standard approach, problems are met with diagnostic testing and healthcare professionals solve problems by addressing needs biologically. In a palliative approach, overall goals of care are established for the patient in the context of his or her family. These goals take into account what is known about the illness, what is inevitable versus what is modifiable, the prognosis, and patient and family preferences. Then, plans to achieve these goals are established.
Knowledge alone will not change practice and hence, patient and family experience. But formal recognition of palliative medicine and nursing is a first step.
In response to a clear need, private and public groups have worked to determine the core competencies that physicians, nurses and others should possess in order to provide adequate palliative care for patients and their families. The Liaison Committee for Medical Education (LCME), the accrediting body for all 126 medical schools in the U.S., mandated that all accredited medical schools must include education in palliative care.
3. Trend towards home healthcare is predicted.
Among the Forbes 2014 best franchises list for up to a $150,000 investment, three of the top 10 belong to home healthcare. According to reports, from 13 home healthcare franchises in 2000, the industry has increased to 56, with more growth seen as demand increases.
Demand is forecast to grow sharply, thanks to the aging of baby boomers. The number of people over age 60 is set to triple to 2 billion by 2050, the UN estimates.
4. Healthcare companies have worse cyber security than retailers.
According to a new analysis of Standard & Poor’s 500-stock index companies, healthcare and pharmaceutical companies are worse than retailers in terms of security performance, scoring the lowest within the S&P 500 testings from April 2013 through March 2014. Not only did that sector have the most security problems, but the companies took the longest to fix the problems—on average 5.3 days, according to the report.
5. Large healthcare cost increases are built into Affordable Care Act (Obamacare) Implementation
Healthcare spending increased to $2.8 trillion in 2012, representing 17.2% in GDP with more significant effects of the Obamacare Law (ACA) to be felt in the near future.
The expansion of the ACA has generated more than $1 trillion in excess spending with the concomitant result that cost cutting will be right around the next corner. For example, healthcare spending for the first three months of 2014 rose at the fastest rate in 34 years – since 1980. The ACA has prompted more Americans to visit their physicians and hospitals. According to the U.S. bureau of Economic Analysis, healthcare spending escalated by 9.9 percent over the first quarter of this year, mainly due to increased spending in hospitals.
There have been propositions on how to reduce healthcare costs without causing an adverse impact on the access to care under the ACA Law.