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Healthcare Business Review | Wednesday, November 06, 2024
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Healthcare financing has issues of increased cost, unequal access, inefficiency, and uncertainty about future demands. Model reform and equity considerations can improve access to care.
Fremont, CA: Healthcare financing is a complex, technical area affecting the quality of care offered to patients and the sustainability of health systems. Global population growth and the associated aging trend continue to add to the strong demand for healthcare services, exerting pressure on strained financial resources. Nevertheless, problems with cloud healthcare systems' financing may compromise quality and impede access while placing budgets under strain.
Enormous challenges persist in healthcare financing resulting from escalating costs related to high technologies, cost medication, and chronic diseases. Such costs have been higher than the inflation and wage benefits, thus increasing the burden both for the individuals and the governments in financing healthcare services. Inequities in healthcare financing worsened previous disadvantages in the use of health services among disadvantaged populations and marginalized groups. Access to services, different out-of-pocket expenses, and shortages increase these groups' disadvantages. Mixed healthcare systems may, therefore, provide more streamlined care of higher quality for patients with private coverage.
Therefore, the cycle of poor health outcomes and increasing financial burden for disadvantaged groups is reproduced, thus bringing about a vicious cycle in which the most vulnerable populations receive the slightest assistance. Inefficiency, bureaucratic processes, lack of transparency, and delivery of care in a fragmented process fragment healthcare flex billing procedures, causing wasted resources and administrative costs. Lack of provider coordination leads to duplicated services and unnecessary tests, further inflating costs without improving patient outcomes.