Health Care Financial Reform Proposal

Health Care Financial Reform Proposal

Introduction

Health care reforms is a highly debated topic in the United States. Since the democrats were able to carry out two major reforms, they can claim that a major health care financial reform can be successfully implemented. The new financial reform should be able to decrease the costs incurred by healthcare organizations, increase the satisfaction of patients, and increase efficiency. The development of new technologies can lead to an increase in effecience in the way patients are treated but the cost of these equipments are quite high due to which organizations are reluctant to purchase them. The only solution is to introduce reforms whereby organizations will be able to finance these purchases so that they may improve their performance. This proposal will consider the various reforms that can be made in the future in order to increase the efficiency of healthcare organizations. With the implementation of these reforms, the overall healthcare provided to citizens will be increased (Barnett et al, 2005).

Discussion

Financial Reform

The optimal reform of the health sector is based on the principle that all individuals should have access to health services. Therefore, the main challenge in terms of the funding for healthcare organizations is to ensure that a maximum number of patients use the organization so that the cost is recovered as soon as possible. In many countries, this involves the integration of medical coverage with the treatment cost so that funds are used effectively. Apart from all the measures to manage the financing of healthcare organizations, the best way to manage the costs is to reduce wasteful expenditures and focus on the core business being conducted by the organization (Foster et al, 2003).

There are several options for reforms that can change the way healthcare organizations manage their operating and costs.

The reforms may include both the public and the private sectors, but it is the duty of the State to formulate a strategy and financial structure that ensures that the objectives of serving the public are met rather the attainment of profits and interest to private parties.

Since medicines are the key to delivering quality healthcare services, the mechanisms for financing drug should never be separated from health financing mechanisms. Achieving positive outcomes in health requires, in addition to preventive services appropriate diagnostic services appropriately linked to the necessary treatments (pharmaceuticals or other). A gap in the financing of services and medications can lead to inequities, consumer losses, lower efficiency and greater inefficiencies in health systems overall.

Financial reform must be comprehensive and reevaluate all socioeconomic groups within a country. As the overall equity, cost efficiency, and sustainability cannot be achieved without a holistic framework, optimal financial reforms must redefine the general mechanisms.

The provision of treatment should be based on the need while the ability of the individual to pay the cost should be kept in mind. The objective of every reform should be to provide the best service at the lowest costs and this can only be done through machines and automated procedures ...