Summary of Strategies to Address Organizational Impact & Effect on Organization i). Summary of Strategies

Summary of Strategies to Address Organizational Impact & Effect on Organization

i). Summary of Strategies

The scholarly sources present various strategies that organizations can use to address the effects of the rising cost of care. Buntin (2021) stresses the need to invest in technologies and innovative care models to help lower the overall costs of care. On its part, the article by Crowley et al. (2020) proposes having a single-payer system and emphasizes the use of value-based care for organizations to reduce the cost of care. These articles propose that using these strategies at the national level can help organizations lower their overall expenses, especially in situations where they cannot be compensated by CMS.

ii) Effects on Organization

The proposed strategies by the articles have a positive effect on our organization as they demonstrate that it will not incur losses emanating from uncompensated yet provided care. Again, implementing value-based care will protect it from these losses and allow it to offer quality care (Sommers, 2020). More fundamentally, the organization will improve its overall position as an excellent care provision center.

Conclusion

The cost of care remains a national stressor despite the existing healthcare reforms aimed at improving quality, accessibility, and lowering costs. The national stressor impacts access to healthcare as millions of Americans cannot afford care. Organizations like our facility can develop innovative approaches to address the stressor and ensure that all patients have access to quality care.

References

American Hospitals Association (AHA) (2022). 2022 Costs of Caring.

            https://www.aha.org/guidesreports/2023-04-20-2022-costs-caring

Buntin, M. B. (2021). Confronting challenges in the US Health Care System: Potential

opportunity in a time of crisis. JAMA, 325(14), 1399-1400. DOI:10.1001/jama.2021.1471

Crowley, R., Daniel, H., Cooney, T. G., Engel, L. S., & Health and Public Policy Committee of

the American College of Physicians. (2020). Envisioning a better US health care system for all: coverage and cost of care. Annals of Internal Medicine, 172(2_Supplement), S7-S32. https://doi.org/10.7326/M19-2415

Montero, A., Kearney, A., Hamel, L. & Brodie, M. (2022). Americans’ Challenges with Health

Care Costs. https://www.kff.org/health-costs/issue-brief/americans-challenges-with-health-care-costs