In: Economics
In the UK, most hospitals are owned by the government, whereas in the US, most hospitals are privately owned. What effect would hospital mergers have on the price of care in the US? Could hospital mergers increase quality of care? Explain
EFFECT OF HOSPITAL MERGERS ON PRICE OF CARE IN UNITED STATES
The integration in the field of medical care, like the hospital mergers have a great impact on the price of health care facilities provided in the nation. The hospital mergers have a positive impact on the functioning cost of the hospitals. But on the other hand there exists a condition that there is no reduction in the cost of health care facilities provided in the nation. Which means that the reduction in the operating cost of hospitals will not directly impact on the reduction of price of health aids available.
There we can clear see in the reduction of operating costs of these hospital mergers and the cost almost reduced to a fifteen to thirty percentage. But on the contrast there clearly we see in the increase of medical expense at almost six to eighteen percentage. There the primary importance is given to the quantity of care rather than the price of the care.
EFFECT OF HOSPITAL MERGERS ON QUALITY OF CARE IN UNITED STATES
The hospital mergers has a great impact over the quality of care provided by the United States medical field. The evidences and researches show the result that by the hospital mergers the quality of care has improved in a great extend than the previous condition.
The quality of care has improved in a very great extend because of the reason that, through many mechanisms it will try to improve the quality of the care. For example, when the financial benefits created at hospital merger will reinvest or invest back for the development and the improve in the quality of care. And the unification in the services will provide a better procedure at an integrated level and it will help to enhance the quality of care offered. In these ways we can see there is an increased quality in care with the hospital mergers created.