H. R. 2015, The Balanced Budget Act of 1997

All of these changes and others that the Act mandates have created the need for hospital executives to devise methods to support offset bad debt risk and to figure out how to maintain modern day funds levels in light in the changes. This has normally meant more burden is put upon the patient for self-managed care among other changes that are not necessarily within the very best interest in the patient: Increasingly, frustrated providers will see much more patients and collect fewer dollars.

We can expect that hospitals, in an work to maximize efficiency in care under the reduced reimbursement, will further reduce the range of hospital beds, close some hospitals and specialize in areas that make the most business sense. In effect, hospitals will produced Centers of Excellence in service lines (cardiology, etc.). Managed care will contract with hospitals for particular services. There is going to be increased reliance on self-care and loved ones caregivers, elevated demand from employer groups to reduce the prices of care for chronic disease, and elevated utilization of house well being services, with lower provider reimbursements. In conclusion, it looks how the financial cuts mandated by the Balanced Budget Act of 1997 will have a excellent impact on hospitals by the time individuals cuts are fully implemented by 2002.

They will affect the level of skills and training among health care staff. They will reduce revenues for hospitals while they care for ones same numbers of patients. They will produce a shortage of hospital beds in numerous facilities, and they will also lead to quite a few hospitals to eliminate many services simply because they cannot afford to retain them. Further, the cuts will location much more burden on patients for self-care and to find option sources of well being care providers, like residence health care agencies.

The foreboding words of Santiago Bulnes, chief financial officer for Parrish Medical Center, demonstrate the chilling outcomes the Balanced Budget Act may perhaps have on wellness care provided by hospitals in future "The name of the game is cost reduction and price control. You should do that to survive. Will top quality of patient care suffer at some hospitals? In many instances, yes" (Wheeler ARC).

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