The healthcare industry will see a great amount of growth in the next ten to fifteen years when the baby boomer generation reaches retirement age and transitions in to nursing care facilities. As our population ages, we will need to have a strong system of qualified healthcare personnel to help manage all aspects of health care management. The healthcare industry will see a great amount of growth in the next ten to fifteen years when the baby boomer generation reaches retirement age and transitions in to nursing care facilities. The baby boomer generation is considered to be one of Americas largest generations ever. This is an explosive time for the health care industry. Anyone involved in health care is going to have steady work for years to come.Health care is a large industry that encompasses many different areas of expertise. There are doctors, pharmacists, and nurses to take care of patient needs. There is also a large business and administrative side to the health care industry. This portion of the business provides the infrastructure that allows patients to receive medicine and treatments they require, as they need it. People who are looking to pursue a health care career have almost endless job options. You can be involved in direct patient care, medical billing and coding, working for insurance companies, or even practicing holistic medicine. No matter what avenue you pursue in your healthcare career, having your degree and training will ensure your marketability in the workplace.*According to the bureau of labor statistics, health care provided 12.9 million jobs-12.5 million jobs for wage and salary workers and about 382,000 jobs for the self-employed. Of the 12.5 million wage and salary jobs, more than 40 percent were in hospitals; another 22 percent were in either nursing or residential care facilities; and almost 16 percent were in offices of physicians. About 92 percent of wage and salary jobs were in private industry; the rest were in State and local government hospitals. The majority of jobs for self-employed workers were in offices of physicians, dentists, and other health practitioners-about 265,000 out of the 382,000 total self-employed.
Plan for the worst and hope for the best. That’s what a friend of mine used to tell me she always did. That’s how she ran her life. I’m a planner – I plan just about everything. But I do not plan for the worst and I always hope for the best. However, when it comes to feeling good about what our future holds as far as health care and retirement looks like, this would be a time to plan for the worst and hope for the best.Health care is and will continue to be one of the biggest expenses in retirement. Yet many people nearing retirement don’t understand the risks these costs pose to their financial plan – and aren’t preparing for them. According to the 4th Annual Nationwide Retirement Institute survey, America’s workers are “terrified” of health care costs in retirement, but few are doing anything about their concerns.Here’s just a few statistics and things to ponder:Remember when everyone used to work at the same… department store, firm or manufacturing company for 35+ years. Back then, you were promised a pension and allowed to also keep your health care plan after leaving their employ – even for the whole family! Back in 1997, this was true for 1 of 4 in and in 2011 this number was down to 10% employer coverage.Today, 26% of the American people don’t know what the annual health care costs in retirement will cost after stepping away from employment. The blazing question is: Did you or are you budgeting enough for this healthcare expense?If you haven’t yet thought about it, and in order to plan for this, you’ll need to know what portion of your income or savings you’ll need for Medigap or medicare supplement premiums, Medicare Part B Premiums, Medicare Part D Premiums (Rx) and Out-of-Pocket Drug expenses.Just released is the new Part B Deductible that all Medicare participants have to come out-of-pocket with. It went from $166 to $183.To help you plan:
Have a very good idea of what income you’ll have in the 65+ years of your life. Typically, that would be pensions, IRA’s or other retirement accounts and Social Security.
Write out a budget. Know what your set-in-stone living expenses will be. Will you have an auto or home payment? What will groceries cost, special events/occasions such as birthdays, utilities. Be ver conservative here and allow for inflation.
Get a very good picture of what your out-of-pocket healthcare expenses look like. This should start with a conversation with your financial advisor.
The healthcare sector has been one of the largest industrial sectors in the US for the last 5 to 8 years. As a matter of fact the top 20 sectors with the highest annual growths include around 10 health related sectors. Hence it is obvious that there has been a significant increase in the employment opportunities for students pursuing a healthcare training.This growth has largely been caused due the increase in the elderly population. With the development of modern technologies and their growing applications in the health industry the scope of the health sector has also grown phenomenally. It is estimated by the US Department of Labor that almost 3.2 million new jobs will be generated for the students coming out of a medical training school by 2018.The pay scales in the health sector are much higher in comparison with other large industrial sectors by about 13%. This estimation is done excluding the amounts paid for work in odd hours and that’s not all. People employed in the medical sector also get other benefits like pensions, health insurances and also not to forget paid holidays and sick leaves but for all this you first need to join a medical training school.So let us take a look at some good medical training schools and healthcare training programs which will lead you to a successful career in the medical sector. There are around 160 medical colleges in the US. Admission to these colleges for a post graduate or graduate degree is through common entrance tests like the MCAT. Also qualities like involvement in social work are considered for admission.University of Arizona College of medicine, University of California Davis School of medicine, Yale University of medicine and University of Pennsylvania School of medicine are some of the oldest and renowned colleges of medicine which offer a variety of healthcare training programs. These courses include osteopathic medicine, dental medicine, pathology etc.It is important to have a specialization to be successful in the medical industry. Nowadays many nursing and technical diploma courses which are much shorter than the traditional graduation courses are in demand. Thus specific training programs will help you to stand firmly in the medical sector and make good money as well.Though the scope in the medical sector is growing exponentially only a good educational qualification from a recognized medical training school and even more than that the passion to serve people will make you successful in the medical sector.
Amazed I was this past week at the legislative events on Capitol Hill, especially the prevailing attitude of the Democratic majority in the U.S. Senate regarding the controversial Senate Health Care Bill, which has seemed much less directed at pleasing a majority of the American electorate (the U.S. citizens these politicians supposedly represent) than the questionable Barack H. Obama, the only U.S. President in the history of the nation whose constitutional eligibility to be President has been successfully challenged by lawsuit in a U.S. District Court, but, subsequently, dismissed by a federal judge who obviously cared more about his political future than seeing basic justice done.Does Senate Majority Leader Harry Reid, and his cronies, actually believe that the large majority of American voters (Democrats, Republicans, and Independents) want a health care program legislated that will create, in its wake, 111 new Executive branch bureaucracies, expanding the federal government by 30 percent of its current size by the scribble of Obama’s pen? One might wonder who, among the controlling Democrats in the Senate and House of Representatives, really cares about the constitutional way the Framers of the American republic intended for the nation to be perpetuated in accordance with limited government. You really don’t have to be a bombastic Republican zealot, but, rather, a reasonable person, in order to detect the obvious economic flaws in the Democratic Party’s spendthrift approach to healthcare.Historically, it’s really sort of like the way the 16th Amendment to the U.S. Constitution was imposed upon the nation. You know, the one that allowed the creation of the federal income tax and all other, subsequent, state income taxes? By all valid historical accounts, and simple common sense, I believe that it is proper to say that the infamous amendment was ratified without the genuine approval of a majority of the U.S. electorate. For what citizen, in her right mind, would have favored an un-apportioned federal tax imposed on a citizen’s income?Well, until 1913, there was not a federal income tax, and the American nation had done pretty well up to that time in financing federal government with a consistently balanced budget using apportioned taxes. Un-apportioned federal and state taxation on the personal income of U.S. citizens was considered a blatant heresy, and was forbidden by the Founding Fathers in the U.S. Constitution. That’s why an illicit amendment had to be subtly crafted and imposed on the republic during the second decade of the 20th Century by a few powerful federal politicians and private bankers, through sheer Machiavellian chicanery, in order to make it, supposedly, lawful for the federal government to tax the American people by any means available. This was, basically, a pragmatic methodology to implement a secretly contrived agenda for the American republic to have an unlimited, but flawed, credit system in order to provide financial resources to assume an imperialistic Romanesque position in world affairs.It took money, money, and more money, and a skyrocketing national debt, to incrementally erect over the ensuing decades the most feared offensive nuclear/conventional military on the earth. This involved the bribery and intimidation of unwilling nations into abiding by U.S. foreign policy through covert intelligence operations (effected by the paramilitary CIA and DIA)), and putting in place complex domestic computer/satellite surveillance operations in association with the private-sector telecommunications industry, which has been occurring since 1948.The Federal Reserve System, and the 16th Amendment, were both imposed upon the American republic in 1913, and legislatively linked together to form the awful bases for eventual control over the American economy by an elite combination of powerful bankers and corporate capitalists. The origins of both dire entities are comprehensively presented with immaculate documentation in G. Edward Griffin’s tome, “The Creature from Jekyll Island,” which every American should read and study. According to the history of Western civilization, expanded knowledge of historical fact among any electorate produces an empowering of the People to change things for the better.If a healthcare system is to be established for the well-being of all needy uninsured American citizens, it should be legally done by the will of the fifty U.S. states and territories in accordance with the 10th Amendment to the U.S. Constitution. The federal government has no real power to supplant the authority of the several States by establishing a federal-run health care system, with powers not delegated expressly to the federal government by the U.S. Constitution. On the other hand, a medical system already in operation, which, by necessity, has been approved by the several states (such as the U.S. Veterans Healthcare System) could be easily expanded in scope, state-by-state, to provide all of the uninsured American citizens in the 50 states, territories, and possessions with good medical care according to the funding provided by the states and the federal government. This would in no way proscribe private healthcare plans from prospering. In fact, competition among the states in establishing the best-managed public healthcare would create jobs for physicians, pharmacists, medical technicians, engineers, architects, and construction workers.Currently, only less than 30 percent of all of the 20+ million eligible American Veterans use the 250 existing VA medical centers throughout the nation. Expanding the VA system by building new medical centers in the various states would allow all veterans and non-veteran American citizens to have access to good healthcare. If, perchance, employed American non-veterans, capable of affording private healthcare, would opt to use such a public facility, they would be required to pay a share of cost for the services and medicines rendered to them. Working, tax paying American citizens unable to afford private healthcare would be automatically eligible to receive public medical assistance, without charge. What should be publicly regulated, state-by-state, is the pharmaceutical industry so that all medicines and prescription drugs are easily accessible for the general public, and that no one gets wealthy off of the development of life-saving drugs. As such state supported university laboratories should be adequately funded to research new drugsIn sum, I believe that it is entirely better to suffer in liberty the consequences of human choice within a republic, being the lifestyle derived of personal volition, either, adverse or pleasant, than to have good health served up on a silver platter at the expense and burden of decadent dictatorial government. The sage Henry David Thoreau wisely wrote in his “Essay on Civil Disobedience,” “that government is best that governs least,” and while the citizen unschooled in constitutional law might think that the federal government has legitimate power to dictatorially impose upon the people what the Framers reserved only to the States, such exercise of power is deceitful and totally without law and merit.
As a business owner, it is your responsibility to hire the best employees and take concrete steps that will be beneficial for your employees so they remain productive and your business grows. In the UK, a large number of corporations choose to provide corporate healthcare insurance as part of benefits package to their employees. These days, most of the young people are in fact looking for companies that offer this benefit because corporate healthcare insurance is not just a benefit, but a life saver.In order to ensure that employees remain productive in the company, a large number of employers offer certain incentives such as monthly credit allowance, health insurance, car transport and a number of other things. But, out of all these, health insurance remains the most desired and the most attractive benefits of all. By having a corporate healthcare plan in the UK, an employee is able to take care of his medical needs and also those of his family’s without having to worry about huge medical bills and rising health care costs.A corporate health insurance plan shares the financial risk of medical related expenses among the members of the group or the employees. These risks are shared under one contract by all those who contribute into a fund or pool. When employers have corporate insurance plans in place for their employees, any employees who suffers illnesses or requires medical services is compensated financially by the plan. However, there are certain terms laid out in the contract that needs to be followed. Most corporate health plans provide coverage for family members of employees as well.Insuring every member in the company with different medical insurance packages can become really expensive and for this reason, it is a good idea to buy corporate healthcare plan. There are many benefits of having this kind of plan. Some of the major benefits for the employees include:- It is cost effective, much cheaper than having an individual health insurance plan- In a corporate health insurance plan, the amount of premium per head will be lower and will be affordable by everyone.- Another major advantage to the employees is that corporate medical insurance plans can be tailored to their needs. For example, if the employees need specific coverage such as dental coverage, they can opt for a plan that provides dental coverage. On the other hand, if the employees do not want coverage for accidents, they can choose not to have one.- Moreover, depending on the needs and requirements of the employees, there are options in the plans which can be chosen. The employees don’t have to pay for services that they do not need. This plan allows them to choose only what they need and pay a monthly premium for that.There are also a number of benefits for the employers. These include:- Provides a competitive edge in the job market which helps attract and also retain good employees. This also helps minimise costs associated with high employee turnover.- Gives access to health insurance at an affordable rate. This kind of coverage is cheaper than individual coverage. These plans do not discriminate and offers all the members of the group the same coverage. – Offers one of the most cost effective ways to protect the health and safety of employees. – Premiums which are paid by the employer is tax deductible.Popular Corporate Healthcare Plans in the UKTwo of the popular ones include the NCD option and the Six Week Option. In the NCD option, the employees are told about the discount level that their employer will be providing. Then, the employees can decide whether or not they want to opt for the medical insurance plan.The Six Week Option provides advantage for a number of services. These include out-patient treatment, in-patient treatment, day-patient treatment and surgical procedures. Under this option, these services will only be provided if the NHS has failed to provide these treatments within a period of six weeks from when the application for the treatment was made. However, emergency treatments are not covered under the policy.
After nine months of back-and-forth public debate, big corporate bail-outs and strained political ties amongst members of Congress, the shock of the new economy and all its moving pieces has officially worn off. But healthcare still dominates our national agenda at a time when few of us can afford to be without. Whether or not the so-called “Public Option” becomes part of any finalized healthcare bill signed into law, the average American will have some vital decisions to make about when, where and how they seek coverage. The old rules of group coverage no longer apply in the new economy.No Safety in NumbersJust as fast as the U.S. housing meltdown completely redefined what it means to live within our means, so too are the days when finding a good job guaranteed you’d find affordable health coverage where you work. Companies of all sizes are cutting back benefits now that they’ve cut back their workforces. As a result, the old-school “pool” insurance model is proving less and less sustainable. The good news is while debate still rages on Capitol Hill, health insurance providers are restructuring their product portfolios to make coverage more affordable for millions of individuals — no matter if they’re employed or not.”Next to salary, health insurance is the largest expense any company has,” says Larry Johnson, a human resources officer with Nashville, Tenn.-based Hospital Corporation of America (HCA), the nation’s largest for-profit hospital company. “The reality is that individuals can go online and out in the open market now and get low cost, low deductible health coverage on their own. Lots of times it’s cheaper than what we can provide our own employees.”Inside OutIn the same way telephone companies broke themselves up into smaller, regional providers in the 1980s (to address government concerns that telecommunications had become a monopoly of a few big providers), health insurance companies are breaking themselves up from the inside out. It was clear several years ago, says one industry health insurance executive, many healthcare companies saw the governmental reform train coming down the tracks.”Changing an entire product set, expanding a marketing strategy and creating a new pricing model for an industry that’s been pretty much self-regulated up until now doesn’t happen overnight,” says Miami-based independent health insurance agent Jerry Sommers. “Public option or not, this has been in the corporate pipeline for years before it ever got into the media or Congress. It’s only going to get more confusing before it gets better. I’m quoting a lot of policies for people who are scared of what we might end up with when the government gets done.”
The days of endless charting and piled papers, is just around the corner for those in the healthcare field. There is an increased demand for technology in the Michigan healthcare system, and with that increased demand come both benefits and drawbacks. There are a wide variety of advantages of increasing the technology and embracing the advances that have made in medical system software and systems this far. Those medical facilities who refuse to take advantage of these new possibilities will soon find themselves obsolete as the rest of the businesses around them continue to advance.Advantages of an Increased Demand for TechnologyWith an increase in technology within the Michigan healthcare system, will come advantages such as easier to access records, faster automatic billing capabilities, and even automated support and call center capabilities that are routed to the appropriate professionals. This improved technology-based access to information will have a significant impact on healthcare. It will save time, money, and ultimately even lives.No more waiting precious minutes to find out what little Johnny is allergic to when he needs immediate treatment and you can’t find his chart. There will also be an end to clients being pestered by insurance information about treatment, which has yet to arrive from the doctor’s office. Everything will be done faster and more effectively with the new technology that is being developed.Disadvantages of an Increased Demand for TechnologyWith an increase in technology, will also come a need to keep up. To do this, you will need to advance with the times and develop a system that is on par with those being used by other local business. That is just one of the disadvantages of an increased demand for technology in the Michigan healthcare system. Luckily, with the help of an IT specialist company, you can have a state of the art system that runs seamlessly, and is monitored on a daily basis.With all new technology come bugs and kinks that need to be worked out. If you are going to advance with the times, then it will be essential to enlist the help of an efficient and productive IT group. Outsourcing IT work can be very advantageous. By outsourcing your IT work, you can obtain the services you need at the lowest possible cost without being negatively affected.There is an increased demand for technology in the Michigan healthcare system, and this increase is leading to both benefits and problems for healthcare companies. If you own a business that deals in the medical profession, then you have begun to realize the benefits to developing a system that can compete with those developed for other companies.In order to compete, you will need an updated system of your own, which can be accomplished with the help of a dedicated IT company such as AccuTech International. Once you understand the importance of outsourcing this work, and developing your company further with the use of the latest technology in the field, you will begin to see your business thrive while conserving money at the same time.
In a Youtube address just over a year ago, President Obama cryptically alluded to his administration’s acknowledgment of the healthcare fraud epidemic with phrases like “rooting out waste” and “unnecessary spending” and promises to “make drug makers pay their fair share,” calling on doctors and hospitals to cease “unnecessary treatments and tests-but like most politicians he offered no concrete plan for a solution. On March 21 of this year, he signed the Patient Protection and Affordable Care Act, H.R. 3590 – which contains a number of potential fraud-fighting measures-but still there was no stated benchmark and no roadmap from the White House to eradicate fraud and abuse in the healthcare system.On June 8, however, a letter was sent by two of the President’s top cabinet members – Attorney General Eric Holder and Secretary of Health and Human Services (HHS) Kathleen Siebelius – unequivocally stating the first benchmark in the fight against healthcare fraud: cut the Medicare improper payment rate in half. The letter was sent to the attorney generals in every state, inviting them to coordinate healthcare fraud enforcement efforts and promising to use every weapon available to meet the goal. “Building on our record of aggressive action, we will use the new tools and resources provided by the Affordable Care Act to further crack down on fraud,” said Holder and Siebelius. “These include new criminal and civil penalties, enhanced information technology to track and prevent fraud in the first place, and new authorities to prevent bad actors from billing Medicare and Medicaid.”Accordingly, we can expect to see efforts to combat healthcare fraud doubled and more regular cooperation among federal and state authorities. To that end, on July 16, the first in a series of fraud prevention summits will take place in Miami, co-hosted by the Department of Justice (DoJ) and HHS and designed to integrate state health care fraud enforcement with actions by the federal Health Care Fraud Prevention Enforcement Teams (HEAT), a program established a year ago as a joint task force between DoJ and HHS and rolled out in certain high-fraud areas throughout the country.Likewise, DoJ has directed all 93 U.S. Attorneys to convene regular “health care fraud task force meetings” exchanging information with both private and public sector anti-fraud partners. The first such meeting in each federal judicial district is to take place by August 16, 2010. Presumably these meetings will include state Medicaid Fraud Control Units, state attorneys general, and members of the health care fraud bar.This directive comes on the heels of the delegation of authority for issuing Civil Investigative Demands (CID) to the 93 U.S. Attorneys – a powerful tool that can, among other things, force the targets of civil fraud investigations to respond to document requests, interrogatories, and appear for deposition. The majority of state attorneys general in states with false claims acts already have CID authority, but such authority is a new arrow in the quiver of local federal law enforcement. CID authority is empowered through the federal and various state false claims acts, arguably the most effective statutory scheme in the fight against healthcare fraud.Under the respective federal and state false claims acts, whistleblowers may file actions on behalf of the federal government to recoup Medicare false claims and on behalf of certain state governments to recoup Medicaid false claims. Most false claims act statutory schemes require that treble damages be paid for fraudulent billing and up to $11,000 per false bill be levied as a penalty. Actions brought by whistleblowers are known as qui tam lawsuits and result in a whistleblower award of between 15-25% of any recovery based on credible, first-hand knowledge by the whistleblower. In cases where the whistleblower is permitted to proceed alone against the fraudfeasor, the whistleblower share can be as high as 30%.In the last 18 months, nearly $6 billion has been recovered in state and federal False Claims Act cases (including criminal penalties). As federal and state enforcement officials coordinate and redouble their efforts and commit to work together to fight health care fraud, we can expect to see more and more healthcare fraud litigation and larger and larger Medicare and Medicaid false claims act recoveries.© 2010 James F. Barger, Jr.
For those that are interested in working in the medical field, they might consider a Healthcare Management Associates degree. This will allow you to gain valuable knowledge to enter into this field in entry level positions. You can even continue on with further courses and move up the career ladder.You will find that these programs can teach you the understanding of working within a professional medical job. This can include hospitals, doctor’s offices and even nursing homes. It is important to gain knowledge of medical procedures and terminology. By learning basic skills in organization, you can learn how to properly file medical charts and other records. This may not seem like an important skill, however with many names that are similar out there, it is very crucial to be able and file properly or make sure the correct information goes in the proper chart.If you already have prior education and or a combination of experience, there are programs that do give credits towards this degree. You can expect about two years to complete the program.Once you are done, you will know basic medical terminology, record keeping, and the key business parts of policies and procedures. There are some programs that even teach anatomy through course and lab work. You can also expect business coursework as well. They might cover human resources, management, finance and accounting, as well as communication.Check for programs that offer internships. This will allow you to get your foot into the door and possibly get hired on after you have obtained your degree. Then are you are able to start using your degree on your career. Many offices look for any experience to prove that you are a viable candidate.Many people choose to continue on with their education in the health field. They typically look for programs that allow them to transfer to a program for a bachelors degree. Most larger administrative jobs will require a minimum of a bachelors degree. If you are working an administrative position in a doctor’s office, they will sometimes overlook the bachelors and accept the associates with experience.You can find programs online if you are unable to attend a school full time in person. Verify what options are out there in the field you are seeking. Even if you have online courses, some may require in person labs or other coursework that requires you to attend. With proper planning you can complete the coursework in a number of ways, and then graduate. Counselors at the school can help with this, and make sense of graduation requirements.You can also check your local colleges for these programs. You will find many offer coursework that is not overbearing and will allow you to work as well if you need to. Why not seek out getting a degree in this field. You will be able to contribute to this field and even have the ability to move forward in this career. It can take you as far as you are willing to put in the hard work and effort.