As the nation’s economy begins to recover from its dramatic tailspin, industry prognosticators are forecasting sustained job growth within several choice sectors. Not surprisingly, the healthcare industry is at the forefront of this windfall. With the increasing demands of an aging population, the rise in chronic health conditions and advances in medical technology, the industry is growing rapidly. With over 13.5 million currently employed and an additionally three million new jobs to be added annually, the President’s Council of Economic Advisors report that the healthcare industry will be the largest source of employment through 2016. To add to the good news, salaries and job security are expected to rise with demand.Here is a list of top healthcare professions:Pharmacist: Average Annual Salary – $85,000. They’re instrumental in interpreting medical instructions, dispensing medication and providing other health services. Requires a Doctor of Pharmacy degree and accreditation by the Accreditation Council for Pharmacy Education (ACPE).Healthcare Administrator: Average Annual Salary – $73,000. They are the business and management backbone of healthcare and no institution is run effectively without one. Their responsibilities include overseeing personnel, adaptation of hospital’s policies and guidelines and supervising the delivery of health care. As the fundamentals of healthcare changes, they will be responsible for coordinating and implementing new systems. Requires Masters Degree as Medical or healthcare manager.Physician Assistant: Average Annual Salary – $70,000. More doctors’ offices are relying on these health professionals to assess conditions and deliver treatment and follow-up care for minor illnesses. Careers are expected to increase by over half in the next ten years. Requires completion of 2-year program.Physical Therapist: Average Annual Salary – $66,000. Physical therapists restore mobility and motor function, help patients recover from physically debilitating injury or pain and promote good overall health. Employment of physical therapists is expected to grow 27% through to 2016. Requires Masters Degree and state licensing.Registered Nurse: Average Annual Salary – $60,000. The severe shortage of nurses in the US and the increase of a wide array of health issues guarantee the continued growth and demand of this profession for the foreseeable future. Jobs open in a variety of fields such as oncology, neurosurgery and general practice. Advanced degrees, teaching or corporate position are available. Requires nursing diploma, BSN or ADN degree; state license and certification for specialty.MRI Technician/Sonographer: Average Annual Salary – $57,000. One of the most lucrative, in-demand fields, sonographers enjoy job stability and flexibility in a variety of health settings including hospitals, laboratories, and physician’s offices.Dental Hygienist: Average Annual Salary – $56,000. Essential to the field of dentistry, they are responsible for the care and maintenance of patients’ oral health and consequently are in high demand. Requires an Associate degree, at minimum and state licensing.Dietician/Nutritionist: Range – $43,000 – $100,000. With the increased need to develop and maintain healthy eating and lifestyle habits, this has become of the fastest growing careers in healthcare. Jobs are available in hospitals, schools, nursing homes and in private companies and households. Requires a Bachelors or Masters Degree in dietetics, foods and nutrition, food service systems management, or other related area and state certifications and license.
The last decade has been witness to the giant strides taken by the Indian healthcare scenario, towards modernization and development- gone are the days when those who could afford it had to travel abroad to get highly specialized services such as cardiac surgery, while others had to do without it.Today, patients from the developed Western nations are coming to India to receive specialized medical treatment. Not only is India meeting international standards, but at prices that compare very favorably with developed countries.In India, healthcare is delivered through both the public healthcare system and the private sector. The public healthcare system consists of healthcare facilities run by the central and state governments, which provide services free of cost or at subsidized rates to low-income families in rural and urban areas. In the private sector, healthcare facilities are owned and run by for-profit companies and non-profit or charitable organizations.In the earlier era, the high custom duties imposed by the government on imported medical equipment was a big deterrent to set up private hospitals offering specialised medical care using state of the art equipment, usually imported from abroad. As a result, there were very few privately run large hospitals but there were many small private practitioners who provided primary and secondary care.The low level of medical insurance was another major problem faced by the private hospitals – not having insurance meant that the patients had to pay for the treatment from their own pockets and not everyone could afford the high costs of private healthcare.The rise in the levels of awareness has led to a surge in the medically insured nos. and now the people want nothing but the best medical care. The innovations whether in business models, in marketing & promotion or in the use of technology, have created unique experiences for patients.http://bahlatul.googlepages.com
Traditional health insurance rates have skyrocketed putting many Americans at risk because they simply can not afford the monthly premiums. While it is still advisable to have a health insurance policy instead of a discount benefits plan – if you do not have the money something is better then nothing.There are many discount benefits plans that cover dental, vision, prescription and even chiropractic care. The prices for these plans, that do not include any medical healthcare benefits, are usually very affordable. Insurance companies usually do not take a liking to these type of businesses because they undercut their monthly premiums. All is fair in love and war – or so they say.What Do Discount Benefit Plans Include?Discount benefit plans are as wide and varied as traditional health insurance plans. Some carry only dental care, vision care, chiropractic care and/or prescription drug discounts without medical benefits. Many have plans that include medical health benefits and any combination of the above. Non-insurance discount benefits sometime seem to good to be true for the price.Health Insurance Companiesoften point out that the discount plans do not cover everything. That is true. But — neither do all the regular health insurance plans and they are much, much more expensive. It is imperative that you thoroughly study what any benefit plan includes, whether insurance or non-insurance. Discount benefit plans usually have very low deductibles or no deductibles at all. Insurance health policies usually have high deductibles to keep the monthly premiums lower than they would be. But monthly premiums are still escalating out of control.Healthcare AlternativesDiscount healthcare alternatives that are not insurance often require you to pay for health services at the time you receive them but at a reduced fee. Some of these reduces fees are substantial. Providers have agreed to lower fees for a few very good reasonsProviders get a customer base from the discount benefits group
Providers sometime get reduced prices on medical supplies from the discount group
Providers often get their money upfront without having to wait to get paid from an insurance companyAnother advantage to discount health plans is they normally have a very low registration fee. This means you can get started without having to spend too much money. Also, non-insurance health plans rarely require you to have a health exam before your accepted.Non-insurance discount healthcare plans including medical healthcare are often under $200.00 per month and can be found for under $100.00 per month. The average health insurance plan is over $800.00 per month. Do the math. But while you do the math make sure the benefit plan you choose will meet your needs.
Third-party medical receivables comprise the largest liquid asset of healthcare providers. The receivables are often pledged as collateral to receive much needed working capital. Although the ultimate receipt of the payments from health insurance companies and government programs are likely, traditional lenders often limit the amount of funding. It isn’t because they don’t want to grant loans. It’s because they don’t understand the collateral.Medical billing can be very complicated and if not done correctly, can result in delays in payments or even no payment at all. Because of this, banks may grant a line of credit based on the medical receivables, but will be limited in nature. Typical bank lines may provide the medical professional enough working capital if the practice experiences moderate growth. But if the physician group (or any other type of healthcare provider) is in a fast-growth mode, they will need a constant stream of new working capital to pay for additional staffing, supplies, and even facilities. Bank lines of credit that are collateralized by medical receivables seldom fill this type of need. That is where a specialized medical factoring company comes in.How a Medical Receivables Factoring relationship is formedIn a commercial factoring relationship with a soft drink distributor, for example, it’s fairly clear cut. The distributor receives an order from a grocery store. They ship the order which is then received and accepted by the grocery store. An invoice is generated for the product, which is then submitted to the factoring company for an advance. One of the key components of lessening a factor’s risk is verification that the goods are accepted in good order and that the customer agrees with the amount billed. In this situation, verification is easy. With medical invoice factoring, the due diligence process is more extensive.When a provider initially contacts a factoring company representative, they are asked to fill out a fairly simple application and supply some basic information such as a receivables aging schedule and a breakdown of the receivables by payer. This helps the finance company to determine if the provider is a good fit for their services. If so, a letter of intent (LOI) is generated and submitted to the client. The LOI outlines the proposed terms of the agreement, such as the advance rate and fees to be charged. If the client finds the terms to be reasonable and wants to move forward, the LOI is signed and a check for due diligence charges is issued to the factoring company.The charge for due diligence is not cheap. Depending on the factoring company, the minimum cost for a small practice is around $5,000. For a larger group or a hospital, the charge will be much higher. At this point in the process, many providers decide to not move forward. This is unfortunate because the audit conducted by the factor often discloses billing irregularities and coding errors that oftentimes pays for itself. The audit is necessary in order for the finance company to understand the billing system of the client and to determine the net collectible amount the customer is likely to receive from insurance companies, Medicare, and other third parties. The net collectible amount is an average percentage that is the basis of the advances the client will receive from their invoice submissions.Once the audit is completed, a formal contract is drawn up which specifies the exact terms of factoring arrangement. Unless there are serious collection problems, further auditing is unnecessary and the company submits their billings weekly or even daily for advances. The client is typically given a cash advance from 75% to 85% of the anticipated net collectible amount of the invoices submitted. With this type of financing, the amount of working capital received by the provider is limited only by their pool of receivables.Medical accounts receivable financing is an excellent means of receiving much needed working capital for those healthcare providers who are either growing at a rapid rate or experiencing cash flow difficulties for other reasons.
To control our healthcare costs, we first must understand the healthcare industry. The Healthcare Industry appears to be controlled by the pharmaceutical companies. These companies work to resolve SYMPTOMS and not CAUSES because it is a more profitable venture. Who contributes to the Drug Company Get Rich Fund? We do! Recently in the news it was reported that less antibiotics would be produced because it is not profitable to produce medication that is not taken repetitively on a daily basis as opposed to cholesterol medication. To aid our country’s healthcare reform costs, I recommend that the government establish research centers that work on some of the more expensive sicknesses and diseases like obesity, diabetes, Alzheimer’s, cancer, etc. to start.By establishing research centers, these centers would employ many people from various professions and backgrounds, i.e. secretaries, accountants, legal, operations, IT, research scientists, doctors, etc. This plan would put construction people to work for buildings or to renovate current buildings to create these centers. The commencement, start-up costs would be substantial but would decrease over time when discoveries, cures are made. If we can support banks and other institutions paying their Top Executives big bonuses for leading them down the path to financial ruin, bankruptcy, we should have available funds to support research studies to find cures for our diseases and put more people to work. I would prefer to cure innocent people then to pay big bucks to crooks.Just think about the drug industry, I don’t know about you, but I find it difficult to believe that there is not a cure for the common cold in all these years. But why should there be? Drug companies reap in the revenue every time we catch a cold with their congestion medications, fever medications, headache medications, sore throat medications and ear ache medications. The common cold itself represents at least five multi-mega revenue streams for these drug companies. Does it make sense that they can cure symptoms but not the virus? I heard that there have been cures for cancer, HIV and other diseases for years but no one wants to give up the money. If we can put a man on the Moon, a spacecraft on Mars, have people live in space, communicate around the world in a matter of seconds or minutes, why don’t we have cures for our major diseases? Follow the money and you will understand why it is not happening.Once cures are found for diseases, the government would lower its medical expenses paid for programs like Medicare, Medicaid, prescription medications, veteran’s medical care and prescriptions and everything else that is included in treating symptoms. If medical costs decrease, then so would the insurance premiums. People would have more money to spend on disposable goods and other items to ignite our economy. With lowering our healthcare expenses, more time, effort and money could be devoted to creating a healthier, more abundant food supply, repairing our infrastructure, a cleaner environment, etc.Thank you, Kathryn Alexander.
A Living Will and Healthcare Power are the most important estate planning documents that you can make. This is for the simple fact that they affect you and have huge ramifications for you while you are still alive. The question that matters most is when is it the best time to make sure that these documents are in place.The simple answer is that the best time to make a Living Will and Healthcare Power of Attorney is before you need them. After you need them it is too late to go back and make them or change the fact that you did not make preparations. Healthcare documents are meant to be in place to make sure your wishes for medical treatment or lack of medical treatment are honored when you can no longer speak for yourself. You are considered to be no longer able to speak for yourself when you become incapacitated through disability such as a coma or stroke. Advance directives also take the stress and potential difficult decisions out of the hands of family members that may be grieving or unable to think rationally. Leaving a family member with a difficult choice of whether to keep you alive or pull the plug is never something that you should do. It is better to take this decision out of a family member’s hands and make sure that your healthcare wishes are clearly stated in writing.The best way to do this is to plan ahead and make sure your documents are in place before you need them.This will be before you are in a hospital or nursing home and when you have a clear head and enough time to make an informed decision. If you are already in a hospital or nursing home you might be under stress or pressure to make a decision. If you are already admitted in a hospital or nursing home then you may still make a Healthcare Power of Attorney without additional steps, but to complete a Living Will in some states you will need someone from the state Ombudsman’s office present. This additional step may take more time and interfere with your wishes. While nobody wants to think about the possibility of their own mortality or possible incapacity, it is a reality that adults that have people that care for them and depend on them must face. Having advance directives in place can take worry from your mind now and prevent worry and stress from loved ones later on.
Choosing your primary audience when designing a public relations campaign is usually a straight-forward decision. However, when developing the public relations campaign for a hospital or similar patient-focused healthcare provider, you face a tricky decision when determining who you want to inform and influence.Should you focus on the particular portion of the population your healthcare organization serves as patients? Or should you focus on the galaxy of physicians who send people to your institution for medical tests and who rely on your facilities to treat their patients?Based on my experience in developing and directing healthcare public relations programs for hospitals and other large medical practices and institutions, I will plant my feet firmly on both sides of the argument.Your course of action depends upon the ultimate goal of your public relations campaign and how you answer these two questions:* Do you want to increase and strengthen your institution’s bottom line?* Do you want to increase and strengthen your institution’s stature and reputation in your community as a primary healthcare and social resource?You may want to answer “yes” to both questions. But unless you have unlimited funds, you must determine how much to spend on reinforcing your institution’s bottom line and how much should go toward strengthening its reputation as an outstanding healthcare resource in the eyes of the general public.Why should you aim a hospital’s public relations initiatives only at doctors?Hospitals and other healthcare institutions that want to appeal to and serve more patients must maintain a tight focus on attracting and serving doctors. Doctors are the driving force behind patients’ use of specific hospitals.When hospitals ask their patients, “Why did you choose this hospital?” Most will answer, “Because this is where my doctor sent me.”Patents trust their doctors so they follow their advice.Other than in an emergency or when an institution is renowned for its expertise in a particular illness or specialty, patients don’t show up or make an appointment at a hospital for a test or treatment unless their primary physician or specialist directed them to do so.Hospitals should conduct very active and focused physician relations programs that keep doctors well informed regarding the hospital’s services, facilities and treatment capabilities.Increasing the number of doctors associated with your hospital will result in more patients than will publicizing the institution’s facilities, services or capabilities to a broad, general audience.Why should you aim a hospital’s public relations initiatives at the general public?Public relations campaigns directed at the general public strengthen a hospital’s overall reputation as a high quality institution; an institution that benefits patients with leading edge services, compassionate care and advanced medical technology.Such campaigns establish and reinforce the hospital’s reputation as a vital community resource.They comfort and pre-sell prospective patients when their doctor tells them to go to a particular hospital for tests or treatment. They eliminate the need for a doctor to explain why she/he uses a certain hospital when providing treatment.And they reinforce your physician-relations campaign by reassuring doctors that they made the right decision when choosing your hospital to treat their patients and connect their name and professional reputation.