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I help employees and employers take total control of their health insurance | Top-Rated Podcast Host | HSA Expert | Insurance Coach | Speaker | Educator
You need touch on the barriers to entry to the existence of supply. If supply is artificially constricted, the dislocation of wages/rationing are artificially created. Supply is inelastic (unresponsive) to demand-side prices when government/industry/academic regjlators inhibit supply. Tackle that first!
Why Are There #Shortages in #Healthcare?? There will be a shortage of 21,000 - 55,000 #PrimaryCare physicians by 2033. Additionally, there are 195,000 vacancies for #Nursing positions in America every year because of the nursing shortage. Shortages in healthcare are determined by the Law of #Supply and #Demand. In a normal market situation, supply and demand reach an #equilibrium price and an equilibrium quantity. As a result, there is NO Shortage. However, if the price is set artificially #low, then not enough will be supplied relative to demand and there will be a shortage. In the case of labor, the 'price' of labor is the #wage. The 'quantity of labor' is the number of people and the number of hours worked in that profession. If there is a shortage, by definition there must be #Rationing. Rationing comes in two forms: 1) #Queue Rationing, i.e. a 'Waiting List' 2) #Price Rationing, i.e. rationing based on ability to pay Healthcare has both forms of rationing, ranging from #trauma surgery weekend coverage (Queue Rationing) to Lasik #eye surgery (Price Rationing). Both forms have their Pros and Cons, which can be debated forever. The point is not which is 'better' or 'worse,' but rather that shortages in healthcare are 1) #explainable, 2) have straightforward #consequences and 3) can be addressed #differently in different situations by different groups of people. There is no '#OneSolution' and that's ok. Sources at AHealthcareZ YouTube Channel.
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HEALTHCARE RATIONING AND IMPACT ON MORBIDITY AND MORTALITY Honestly, this is frightening. Imagine the morbidity and mortality from not being able to receive services as at when needed, regardless of your financial circumstances. Imagine how many lives we’ve lost. One could finally schedule an appointment and may have to contend with services prior authorization, another layer of rationing. What’s the way forward? Just asking.
Why Are There #Shortages in #Healthcare?? There will be a shortage of 21,000 - 55,000 #PrimaryCare physicians by 2033. Additionally, there are 195,000 vacancies for #Nursing positions in America every year because of the nursing shortage. Shortages in healthcare are determined by the Law of #Supply and #Demand. In a normal market situation, supply and demand reach an #equilibrium price and an equilibrium quantity. As a result, there is NO Shortage. However, if the price is set artificially #low, then not enough will be supplied relative to demand and there will be a shortage. In the case of labor, the 'price' of labor is the #wage. The 'quantity of labor' is the number of people and the number of hours worked in that profession. If there is a shortage, by definition there must be #Rationing. Rationing comes in two forms: 1) #Queue Rationing, i.e. a 'Waiting List' 2) #Price Rationing, i.e. rationing based on ability to pay Healthcare has both forms of rationing, ranging from #trauma surgery weekend coverage (Queue Rationing) to Lasik #eye surgery (Price Rationing). Both forms have their Pros and Cons, which can be debated forever. The point is not which is 'better' or 'worse,' but rather that shortages in healthcare are 1) #explainable, 2) have straightforward #consequences and 3) can be addressed #differently in different situations by different groups of people. There is no '#OneSolution' and that's ok. Sources at AHealthcareZ YouTube Channel.
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Nationally Recognized Expert in Health Care and Life Sciences, Educator, Regulatory Consultant, Patient Access Advocate, Independent Director, and Retired Sidley Austin Partner
The Worsening #Shortage of #HCPs: #AI as the Answer? Eric Bricker, MD lays out, in effective and depressing detail, the breadth and depth of the #healthcare professional shortage. The picture is grim and getting more grim every day. Although AI won’t be the whole answer, it can and must be a part of the solution. The Big Picture: Eric references predictions of a shortage of between 21,000 and 55,000 in #primarycare #physicians by 2033, less than a decade from now. But that pales in comparison to the expected #nursing shortage—which could be as high as 195,000. Those are “wow” numbers. #ArtificialIntelligence to the Rescue?: AI isn’t going to be the calvary riding over the hill crest just in the nick of time to save the day, but it can be a meaningful part of the solution. Its potential includes the promise of reducing (perhaps substantially) the bane of all #HCPs’ existence: administrative tasks. AI could reduce the time and resources required to schedule, document, code, bill, and collect on #healthcare services. Professional societies seem particularly supportive of this potential use of AI. More substantively, AI could, properly designed and tested, play a role in screening, identifying differential diagnoses, highlighting findings or test results that might add to diagnostic evaluation, and outlining potential clinical interventions, including surgical, #medicaldevice, and #drug therapy options. There is greater trepidation by professional societies here. Finally, AI could also augment and improve other force multipliers. For instance, #callincenters and #telemedicine portals could be much more efficient and reach a much broader #patient population by more broadly using #chatbots and #virtualassistants. But there are serious obstacles to realizing these potential benefits. Not least of all is the caution of HCPs and their professional societies. Though HCPs increasingly experience the frustration and burn-out that comes with shortages, they also often are wary of AI. They fear displacement, erosion of professional standards, and the real concern that AI, if not implemented carefully, could reinforce or exacerbate #bias and #healthequity challenges in healthcare. The road forward may be complicated, but it’s one we need to travel—we have to figure out how to solve for an HCP shortage crisis that is becoming worse every day.
Why Are There #Shortages in #Healthcare?? There will be a shortage of 21,000 - 55,000 #PrimaryCare physicians by 2033. Additionally, there are 195,000 vacancies for #Nursing positions in America every year because of the nursing shortage. Shortages in healthcare are determined by the Law of #Supply and #Demand. In a normal market situation, supply and demand reach an #equilibrium price and an equilibrium quantity. As a result, there is NO Shortage. However, if the price is set artificially #low, then not enough will be supplied relative to demand and there will be a shortage. In the case of labor, the 'price' of labor is the #wage. The 'quantity of labor' is the number of people and the number of hours worked in that profession. If there is a shortage, by definition there must be #Rationing. Rationing comes in two forms: 1) #Queue Rationing, i.e. a 'Waiting List' 2) #Price Rationing, i.e. rationing based on ability to pay Healthcare has both forms of rationing, ranging from #trauma surgery weekend coverage (Queue Rationing) to Lasik #eye surgery (Price Rationing). Both forms have their Pros and Cons, which can be debated forever. The point is not which is 'better' or 'worse,' but rather that shortages in healthcare are 1) #explainable, 2) have straightforward #consequences and 3) can be addressed #differently in different situations by different groups of people. There is no '#OneSolution' and that's ok. Sources at AHealthcareZ YouTube Channel.
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Great Video. Supply vs Demand There is a parallel with #NHS Low investment in healthcare, hence, low supply = high demand. This gives the system 2 rationing options: (1) Queue- Sound familiar (2) Pay yourself- The Growing market in the UK
Why Are There #Shortages in #Healthcare?? There will be a shortage of 21,000 - 55,000 #PrimaryCare physicians by 2033. Additionally, there are 195,000 vacancies for #Nursing positions in America every year because of the nursing shortage. Shortages in healthcare are determined by the Law of #Supply and #Demand. In a normal market situation, supply and demand reach an #equilibrium price and an equilibrium quantity. As a result, there is NO Shortage. However, if the price is set artificially #low, then not enough will be supplied relative to demand and there will be a shortage. In the case of labor, the 'price' of labor is the #wage. The 'quantity of labor' is the number of people and the number of hours worked in that profession. If there is a shortage, by definition there must be #Rationing. Rationing comes in two forms: 1) #Queue Rationing, i.e. a 'Waiting List' 2) #Price Rationing, i.e. rationing based on ability to pay Healthcare has both forms of rationing, ranging from #trauma surgery weekend coverage (Queue Rationing) to Lasik #eye surgery (Price Rationing). Both forms have their Pros and Cons, which can be debated forever. The point is not which is 'better' or 'worse,' but rather that shortages in healthcare are 1) #explainable, 2) have straightforward #consequences and 3) can be addressed #differently in different situations by different groups of people. There is no '#OneSolution' and that's ok. Sources at AHealthcareZ YouTube Channel.
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Take control of your family's medical care! At Your Healthcare Nurse Advocates, our mission is to educate and empower individuals and families to take control of their healthcare choices by providing an advocate that’s truly on their side. We don’t work for an insurance company, hospital, or doctor’s office. We work for you. 💪💙 Our goal is to save you time and help increase your understanding of your loved one’s healthcare journey. 🕒📚 Here are some key benefits of hiring Your Healthcare Nurse Advocates: 1. Peace of Mind: Knowing that you have a dedicated advocate on your side can significantly reduce stress and anxiety, allowing you to make informed decisions with confidence. 2. Improved Outcomes: By advocating for your needs and ensuring effective communication with healthcare providers, we help improve the overall quality of care you receive. Schedule a time to chat at https://lnkd.in/dXNfBGZw #advocacymatters #patientadvocacyconsultant #patientadvocate #patientadvocacy #care #coronavirus #pharmacy #homecare #dental #smile #digitalhealth #healthylifestyle #homehealthcare #clinical #healthtech #medical #medicine #doctor #health #healthcare #hospital #doctors #nurse #covid #medicalstudent #neet #surgery #mbbs #medstudent #medschool #medico #science #medicalschool #pharmacy #surgeon #anatomy #bhfyp #nursing #biology #coronavirus #education #love #medlife #nurses #aiims#patientengagement #surgeon #dentalhygienist #medicallife #oncology #patientcare #nursinghome #adultcare😍 #body #nurses #care #diabetes #homecare
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Deep Tech for Human Health & Performance ◆ Open Strategy-Execution ◆ Demand-Side Innovation ◆ Translational Research
More societal context from Eric Bricker, MD. It seems that #primarcare is headed for a series of bifurcations. One mode will be the increasing capture of primary care by hospitals and insurance providers in which referrals to higher #margin specialities and procedures will be the principal incentive. Another mode will be #directprimarycare that provides truly #individualized healthcare to those who can afford it. Beyond this decentralized bifurcation is the need for longitudinal individualized care from which all of #society can benefit. It will require #continuityofcare across organizational boundaries and beyond what we currently conceptualize as healthcare. Its difficult to imagine how that can work without primary care physicians at the center and who have opportunities for #influence beyond #authority.
Why Are There #Shortages in #Healthcare?? There will be a shortage of 21,000 - 55,000 #PrimaryCare physicians by 2033. Additionally, there are 195,000 vacancies for #Nursing positions in America every year because of the nursing shortage. Shortages in healthcare are determined by the Law of #Supply and #Demand. In a normal market situation, supply and demand reach an #equilibrium price and an equilibrium quantity. As a result, there is NO Shortage. However, if the price is set artificially #low, then not enough will be supplied relative to demand and there will be a shortage. In the case of labor, the 'price' of labor is the #wage. The 'quantity of labor' is the number of people and the number of hours worked in that profession. If there is a shortage, by definition there must be #Rationing. Rationing comes in two forms: 1) #Queue Rationing, i.e. a 'Waiting List' 2) #Price Rationing, i.e. rationing based on ability to pay Healthcare has both forms of rationing, ranging from #trauma surgery weekend coverage (Queue Rationing) to Lasik #eye surgery (Price Rationing). Both forms have their Pros and Cons, which can be debated forever. The point is not which is 'better' or 'worse,' but rather that shortages in healthcare are 1) #explainable, 2) have straightforward #consequences and 3) can be addressed #differently in different situations by different groups of people. There is no '#OneSolution' and that's ok. Sources at AHealthcareZ YouTube Channel.
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Engineer, AI, IoT, digital transformation, strategy, healthcare innovation, preparedness, researcher, author
This post is worth watching at least once now and certainly before upcoming political debates. It’s informative not political, which makes it insightful without the political spin. I’ve told many analysts to analyze, not moralize. Let the numbers lead your analysis to a supportable conclusion. The political and moral arguments should be informed by analysis, not the other way around. This is a good example of good analysis!
Why Are There #Shortages in #Healthcare?? There will be a shortage of 21,000 - 55,000 #PrimaryCare physicians by 2033. Additionally, there are 195,000 vacancies for #Nursing positions in America every year because of the nursing shortage. Shortages in healthcare are determined by the Law of #Supply and #Demand. In a normal market situation, supply and demand reach an #equilibrium price and an equilibrium quantity. As a result, there is NO Shortage. However, if the price is set artificially #low, then not enough will be supplied relative to demand and there will be a shortage. In the case of labor, the 'price' of labor is the #wage. The 'quantity of labor' is the number of people and the number of hours worked in that profession. If there is a shortage, by definition there must be #Rationing. Rationing comes in two forms: 1) #Queue Rationing, i.e. a 'Waiting List' 2) #Price Rationing, i.e. rationing based on ability to pay Healthcare has both forms of rationing, ranging from #trauma surgery weekend coverage (Queue Rationing) to Lasik #eye surgery (Price Rationing). Both forms have their Pros and Cons, which can be debated forever. The point is not which is 'better' or 'worse,' but rather that shortages in healthcare are 1) #explainable, 2) have straightforward #consequences and 3) can be addressed #differently in different situations by different groups of people. There is no '#OneSolution' and that's ok. Sources at AHealthcareZ YouTube Channel.
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Wow. This post is really 2x insightful as most things that come across my feed on LinkedIn. Today is #NationalRecruitersDay. Genuine thanks to all the recruiters that are often times behind the scenes doing the work that without it spectacular things would not happen as easily. Not that there's anything easy about recruiting, nothing is easy about recruiting 🙌 . This post is 2x as insightful because I think that William Sarraille comments are spot on, and in particular as he references the incredibly knowledgable Eric Bricker, MD. Thank you for your commitment and consistency Dr. Bricker in educating us all. Healthcare Ain't Easy 😯 but it is worthy of all the incredible pain, toil, effort, commitment, and passion that is required to make it possible. That previous line is also my tribute to all healthcare recruiters. Thank you 🙏 on behalf of myself, my family, my kids, my community, those I love, those I care for, and for those I don't know....yet 😊 . There is no way to 'plant' more primary care physician seeds and 'harvest' them fast enough to keep up with our demand. But what if we could use #artificialintelligence and advanced tech to clear the field of the many obstacles that William references that are "the bane of all #HCPs' existence: administrative tasks"? We can right now! There are lots of passionate people and companies that are actively bringing solutions to the market to help physicians do more with less. To help #providers increase efficiencies. To help providers increase their revenues. To help increase the importance and ease of the provider/patient #relationship. YES, I am one of those people 🙋♂️ . However, I'm not nearly enough to make all that possible. There are thousands that stand at the ready right now to do the hard work it takes to do more with less. We have to help our clinical community do more with less, not just for us #patients. We need to do this for them too! If you're still here...thanks for the kindness you've shown me. I hope we can all show and share more kindness to everyone around us.
Why Are There #Shortages in #Healthcare?? There will be a shortage of 21,000 - 55,000 #PrimaryCare physicians by 2033. Additionally, there are 195,000 vacancies for #Nursing positions in America every year because of the nursing shortage. Shortages in healthcare are determined by the Law of #Supply and #Demand. In a normal market situation, supply and demand reach an #equilibrium price and an equilibrium quantity. As a result, there is NO Shortage. However, if the price is set artificially #low, then not enough will be supplied relative to demand and there will be a shortage. In the case of labor, the 'price' of labor is the #wage. The 'quantity of labor' is the number of people and the number of hours worked in that profession. If there is a shortage, by definition there must be #Rationing. Rationing comes in two forms: 1) #Queue Rationing, i.e. a 'Waiting List' 2) #Price Rationing, i.e. rationing based on ability to pay Healthcare has both forms of rationing, ranging from #trauma surgery weekend coverage (Queue Rationing) to Lasik #eye surgery (Price Rationing). Both forms have their Pros and Cons, which can be debated forever. The point is not which is 'better' or 'worse,' but rather that shortages in healthcare are 1) #explainable, 2) have straightforward #consequences and 3) can be addressed #differently in different situations by different groups of people. There is no '#OneSolution' and that's ok. Sources at AHealthcareZ YouTube Channel.
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Take control of your family's medical care! At Your Healthcare Nurse Advocates, our mission is to educate and empower individuals and families to take control of their healthcare choices by providing an advocate that’s truly on their side. We don’t work for an insurance company, hospital, or doctor’s office. We work for you. 💪💙 Our goal is to save you time and help increase your understanding of your loved one’s healthcare journey. 🕒📚 Here are some key benefits of hiring Your Healthcare Nurse Advocates: 1. Peace of Mind: Knowing that you have a dedicated advocate on your side can significantly reduce stress and anxiety, allowing you to make informed decisions with confidence. 2. Improved Outcomes: By advocating for your needs and ensuring effective communication with healthcare providers, we help improve the overall quality of care you receive. Schedule a time to chat at https://lnkd.in/eiGm93i #advocacymatters #patientadvocacyconsultant #patientadvocate #patientadvocacy #care #coronavirus #pharmacy #homecare #dental #smile #digitalhealth #healthylifestyle #homehealthcare #clinical #healthtech #medical #medicine #doctor #health #healthcare #hospital #doctors #nurse #covid #medicalstudent #neet #surgery #mbbs #medstudent #medschool #medico #science #medicalschool #pharmacy #surgeon #anatomy #bhfyp #nursing #biology #coronavirus #education #love #medlife #nurses #aiims#patientengagement #surgeon #dentalhygienist #medicallife #oncology #patientcare #nursinghome #adultcare😍 #body #nurses #care #diabetes #homecare
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Why Are There #Shortages in #Healthcare?? There will be a shortage of 21,000 - 55,000 #PrimaryCare physicians by 2033. Additionally, there are 195,000 vacancies for #Nursing positions in America every year because of the nursing shortage. Shortages in healthcare are determined by the Law of #Supply and #Demand. In a normal market situation, supply and demand reach an #equilibrium price and an equilibrium quantity. As a result, there is NO Shortage. However, if the price is set artificially #low, then not enough will be supplied relative to demand and there will be a shortage. In the case of labor, the 'price' of labor is the #wage. The 'quantity of labor' is the number of people and the number of hours worked in that profession. If there is a shortage, by definition there must be #Rationing. Rationing comes in two forms: 1) #Queue Rationing, i.e. a 'Waiting List' 2) #Price Rationing, i.e. rationing based on ability to pay Healthcare has both forms of rationing, ranging from #trauma surgery weekend coverage (Queue Rationing) to Lasik #eye surgery (Price Rationing). Both forms have their Pros and Cons, which can be debated forever. The point is not which is 'better' or 'worse,' but rather that shortages in healthcare are 1) #explainable, 2) have straightforward #consequences and 3) can be addressed #differently in different situations by different groups of people. There is no '#OneSolution' and that's ok. Sources at AHealthcareZ YouTube Channel.
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