Macro trends now and the future presentation

Macro trends now and the future presentation

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  Macro Trends inHealthcare and its Effect on Careers in the Future SADIE ASHBY RAYNELL DUVALL CARLA HYNES SHERLINE NOEL SARA RINK HCAD 600 9081 DR. FELENCIA MCGEE NOVEMBER, 2016 UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE
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  U.S. HEALTHCARE SYSTEM “Healthspending is expected to accelerate an average 5.7% for 2017 – 2019” - CMS Analysis of key macro trends may provide two major benefits: • Provides insight into the direction of future healthcare managers • Predicts the future direction of the healthcare system as a whole
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  Healthcare, Both Nowand in the Future  Healthcare spending to accelerate to 5.7% from 2017 to 2019  Both employed and unemployed individuals challenged to acquire comprehensive and affordable healthcare insurance  Today’s healthcare focuses on the treatment of illness, chronic and acute  In 2020, tomorrow’s healthcare focus will be on prevention  Trending tomorrow: Patient-centered healthcare delivery and services
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  5 Macro Trendsin Healthcare  Economy  Federal and state governments  Personal lifestyles and behaviors  Technology  Biotechnology
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  U.S. Economy: Healthcare Highest increases in health insurance deductibles to date occurred in 2016  Employees pay 5% more in premiums for employer-sponsored plans in 2016  Due to the rising cost of all areas of healthcare, 1 in 3 Americans of all ages forgo medical treatment  Healthcare administration accounts for 20- 30% of healthcare expenditures  Physicians are affected by the rising increases in malpractice insurance premiums
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  Health Economics Manager Works to understand the behaviors of individuals, healthcare providers, and the public  Develops cost effective decision-making processes for both the government and the private sector  Leverages the newest technologies to help off set healthcare costs to increase positive patient outcomes  Promotes total health  Global and domestic positions available with more opportunities in the future  Job outlook for health economists is excellent right now.  Investigates the consumption of healthcare resources and analyzes healthcare subfields
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  Federal and StatePolicies-Medicaid and Medicare Medicaid Government insurance program for persons of all ages whose income is insufficient to pay for health care In 2014, Medicaid expenditures totaled more then $496.6 billion dollars for patient care services Long-term care for the aging and disabled accounted for 25% of Medicaid dollars Fraud Billions of dollars wasted each year in healthcare fraud -when healthcare fraud takes place, it takes away from vital funds used for those who really need it Medicare Federal government insurance program for anyone who is age 65 or over Includes part A (hospital insurance), Part B (medical insurance), Part C (medicare advantage plans), and Part D (prescription drug coverage) Medicare spending is projected to increase from $523 billion in 2010 to just over $1 trillion by 2022
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  Medicaid Manager  Monitorsinsurance claims  Ensures that eligible individuals apply for Medicaid  Monitors provider credentialing
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  Personal Lifestyles &Behaviors  Average American is unhealthy  Unhealthy eating & inactivity are major contributing factors  Society is facing an obesity epidemic  Obesity is major precursor to prevalent diseases: hypertension, diabetes, heart attacks, stroke  Need for behavior modifications and other tools to help people  Trends: worksite wellness, smoking cessation, preventative health
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  Health & WellnessCareers  Health Educators: Bureau of Labor Statistics (BLS) projects 13 percent growth from 2014 to 2024, faster than the average for all occupations. Growth will be driven by efforts to improve health outcomes and to reduce healthcare costs by teaching people healthy habits and behaviors and explaining how to use available healthcare services.  Exercise Physiologist: Bureau of Labor Statistics (BLS) projects 11 percent growth from 2014 to 2024, faster than the average for all occupations. Demand may rise as hospitals emphasize exercise and preventive care as part of their treatment and long-term rehabilitation from chronic diseases, such as cardiovascular and pulmonary diseases.  https://youtu.be/iI7Zj22nFm8
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  Technology  The futureof healthcare is in your Smartphone.  Mobile devices with Android and Apple operating systems are becoming more popular than in years past as healthcare moves to Telehealth in the future.  With the future brings on how care will be rendered. Virtual care in a virtual office allows providers to communicate with patients without the patient actually going to the doctor’s office.
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  Technology Trends inHealthcare Healthcare Mobile Developer Health Informatics Manager Clinical Solution Analyst Healthcare Consultants
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  Biotechnology  Technology basedon biology  Harnesses cellular and biomolecular processes  Uses living organisms to solve problems  Technologies and products that help improve our lives  Technologies to combat debilitating and rare diseases
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  Manager, Biomedical Engineer Applies engineering principles to medical and biological problems  Finds ways to increase patient care and effectiveness  – Median Pay: $86,960  – Number of Jobs: 19,400  – Job Outlook: 27% growth
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  SUMMARY  Healthcare expendituresare currently in the billions of dollars and are expected to increase due to issues such as healthcare fraud and high administrative costs  Personal and lifestyles choices contribute to the obesity epidemic and create a less health America  Healthcare is trending towards disease prevention and improved patient outcomes  Trends in healthcare include healthcare economics, and the use of technology and biotechnology to promote wellness and combat diseases  Trends in healthcare create increases in healthcare management career opportunities
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  References  BIO. (n.d.).What is Biotechnology? Retrieved November 20, 2016, from https://www.bio.org/what-biotechnology  Braverman, B. (January 2016) 10 Healthcare Trends That Will Affect You in 2016. The Fiscal Times. Retrieved from http://www.thefiscaltimes.com/2016/01/04/10-Healthcare-Trends-Will- Affect- You-2016  CMS. (n.d.). Long-Term Services and Supports. Retrieved November 12, 2016, from https://www.medicaid.gov/medicaid/ltss/index.html  Fraud and Abuse in Federal Programs. Retrieved November 12, 2016, from https://www.downsizinggovernment.org/fraud-and-abuse  HealthCare Recruiters International. (2014, September 22). Top 10 Biotech Jobs. Retrieved November 20, 2016, from http://www.hcrnetwork.com/top- 10-biotech-jobs/
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  References  Johns HopkinsBloomberg School of Public Health. (n.d.). What is Heath Economics? Retrieved November 20, 2016, from http://www.jhsph.edu/departments/international-health/global-health- masters-degrees/master-of-health-science-in-health-economics/what-is- health- economics.html  Lytton, C., (2015, August 7). This Mirror Can Detect Disease, Retrieved November 16, 2016. Retrieved from http://www.thedailybeast.com/articles/2015/08/07/this- mirror-can-detect- disease.html  Naylor, M. D., Kurtzman, E. T., Miller, E. A., Nadash, P., & Fitzgerald, P. (2015). An Assessment of State-Led Reform of Long-Term Services and Supports. Journal of Health Politics, Policy and Law, 40(3), 531-574. doi:10.1215/03616878- 2888460  Trivedi, A. (2016, February) Causes of High Health Care Costs. Merck Manuals. Retrieved from http://www.merckmanuals.com/professional/special- subjects/financial-issues-in-health-care/causes-of-high-health-care-costs/