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The Future of Healthcare: Macro-Trends Effect on Healthcare Careers Group 2 Allison Kuchar Micole Matthews Brittany Williams

HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

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Page 1: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

The Future of Healthcare:

Macro-Trends Effect on

Healthcare Careers

Group 2❖ Allison Kuchar

❖ Micole Matthews

❖ Brittany Williams

Page 2: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Current Healthcare Employment Statistics

Torpey, 2014, p. 29: Occupational Outlook Quarterly

Page 3: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Healthcare Industry in the U.S.:

Career Outlook

-Projected to be among the

fastest-growing industries in

the U.S. economy

-By 2022, over 4 million new

jobs will be available for both

current and future healthcare

professionals

Torpey, 2014, p.28: Occupational Outlook Quarterly

Page 4: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Emerging Macro-Tends in the

U.S. Healthcare SystemIndustrial growth within the U.S. Healthcare System is a

byproduct of evolution within the following Healthcare

sectors:

● Economy

● Demographics

● Personal Lifestyles and Behaviors

● Technologies

● Federal and State Government Policies

Page 5: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Overall Healthcare Economy-Healthcare

expenditures in the

US exceed $2 trillion a

year

-Federal budget is $3

trillion a year

-NHE Growth of 5.7&

by 2023

Centers for Medicare and Medicaid Services, 2014

Page 6: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Contributing Factors

-Difficulty obtaining, affording, and receiving healthcare

services

-Unnecessary use of expensive facilities

-Rising rates of chronic illnesses, such as diabetes and

obesityHerzlinger, 2000, p.5

Page 7: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

A Reshaped Healthcare System

● Invincibility of focused healthcare systems

● Advocacy for more convenience and support

● Client-centered structure for healthcare delivery

services and processes

● Focus on preventing and treating chronic

diseases

● Providing care to underserved populations

Page 8: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Example: Healthcare

Manager: Administrator III● Directs, supervises, and manages human and fiscal

resources

● Oversees office education and financial operations

within the Department of Medicine

http://www.medstargeorgetown.jobs/jobs/Administrator_III/Department_of_Medi

cine/Washington_Washington_D_C_/100/84645/?rcmo_src=Indeed&source=In

deed.com&sponsored=0

Page 9: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Morphing Demographics: Aging Baby Boomers and the Increased

Demand for Senior Living Communities

-40% increase of those

aged 65 or older by

2020

-Where will they live?!

Torpey, 2014 p. 30

Page 10: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers
Page 11: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Solution: “Cities of All Ages”

United Nations 2007 Global Age-Friendly

Cities Project Report:● Raised global awareness to create “Cites for All Ages”

● Provided a blueprint for age-friendly initiatives in

America

● Highlights the need for U.S. to establish affordable,

appropriate, and wide-ranged housing for Seniors

Kennedy, 2010 p.70

Page 12: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Senior Communities with

Assisted Living Services● Baby boomers voice a desire to age in place

● Cities must develop and embrace age-friendly

communities that are accommodating and attractive

● These communities must provide a multitude of living

options to encompass aging stages in life

● Demand for such services = increase in construction of

ALF’s + influx of career opportunitiesKennedy, 2010 p.70

Page 13: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Outlook: Nursing &

Residential Care Facilities

-By 2020:

creation of

over 761,000

new jobs

Torpey, 2014 p. 30

Page 14: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Outlook: Assisted Living

-Employ healthcare professionals from a variety of

backgrounds:● Health Admin

● Health Information Technology

● nursing

● Complementary Therapies

● Human Resources

Assisted Living Federation of America (ALFA), n.d.

Page 15: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Example: Assisted Living Manager

-Leads and directs the delivery of non-clinical resident care,

ensuring exceptional quality and services while maintaining

compliance with federal, state, and local regulations and

organizational standards

-Directly manages the Assisted Living care and service team and

serves as a member of the communities leadership team

http://seniorlivingcareers.alfa.org/jobs/6585408/assisted-living-

manager

Page 16: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Additional Opportunities

-Successful expansion of senior housing faces economic

and societal barriers

● Zoning ordinances & funding policies

-Creates opportunities for local, state, and federal policy

makers, builders, and consumers to collaborate with

experts in field of aging

-End result?!: More jobs for healthcare professionals!Kennedy, 2010 p. 71

Page 17: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Personal Lifestyles and Behaviors: Obesity in America

-Annual healthcare

cost of nearly $200

billion

-Accounts for over

21% of medical costs

in the U.S. today

Weight -control Information Network, 2012

Page 18: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Obesity Statistics

● 41 states have obesity rates over 25%

● 2/3 of adults and nearly 1/3 of children suffer from this condition

● Obesity is an underlying factor of several chronic conditions

● By 2030, estimated costs could rise from $43 billion to $66

billion each yearBrill, 2013 p. 6

Page 19: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers
Page 20: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Contributing Factors ● Affordable and equal access to nutritional foods, especially

among minorities

● Increased cost of fresh foods in low-income neighborhoods

● Lack of public transportation to supermarkets

● Low stocks of nutritional foods Hojatt, 2014

Page 21: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Outlook

● As the U.S. population increases, more citizens are

expected to seek treatment for chronic conditions

● To accommodate needs, additional healthcare workers

are needed

● Preventative initiatives, weight management programs,

& nutritional education movements

Torpey, 2014 p. 30

Page 22: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Example: Supervisory

Program Specialist

● Integral program manager who oversees a variety of

dietary, food, and nutritional services

● Directs and oversees the implementation and

evaluation of program operates

https://www.usajobs.gov/GetJob/ViewDetails/386560500

Page 23: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Emerging E-Technologies:

The New Age of Health Information

Management and Dissemination

https://www.youtube.com/watch?v=ODgjGfC4opE

Page 24: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Emerging E-Technologies

● Includes innovative e-health technologies and medical supportive

devices

● Focus to empower personal health improvement

● Integrates a variety of healthcare applications to assist with

preventive health initiatives, personalized medicine, and patient-

centered care

● Heathcare Technology Management (HTM) industry will evolve in

unisonGriffin, 2014 p.232

Page 25: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

E-Health Technologies

Examples:

● Electronic Health Records

● Telemedicine

● Medical Devices

-All offer a variety of job opportunities for both present and

future healthcare professionals!

Page 26: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Outlook: E-Health Technologies

● Examples:

○ interdisciplinary designers

○ developers

○ human factors experts

○ biomedical equipment technicians (BMETs)

○ clinical engineers (CEs)

○ information technology (IT) specialists

○ managers

● All involved in planning and development process of these various

technologies Griffin, 2014 p.232

Page 27: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Example: Biomedical

Clinical Engineers-Have the responsibility to install and maintain medical devices and

equipment in hospitals.

-Train doctors and nurses on how to properly operate these devices in

the healthcare setting

-Supervise biomedical engineer technicians who repair and monitor

hospital equipment

http://educationportal.com/articles/Biomedical_Clinical_Engineer_Job_Descripti

on_Duties_and_Requirements.html

Page 28: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Uninsured Americans:Eliminating Health Disparities

Page 29: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Federal/State Policies

-The challenge of achieving and maintaining fair,

accessible, and affordable health insurance seems

unavoidable.

-Health reform aims to eliminate disparities in healthcare

-Equity for all calls for the rallying of both private and public

programs for American citizens to receive affordable health

insurance and adequate healthcare services Fronstin, McGinn-Shapiro, & Shields, 2008, 0. 137

Page 30: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Addressing Health Disparities

-Healthcare and policy makers must pay attention to

managing and enforcing newly reformed federal, state, and

local healthcare laws

-“Success in reducing disparities will require both providing

health insurance coverage to all Americans and sufficient

comprehensiveness of benefits within both private and

public health insurance to meet enrollees’ healthcare

needs” (Fronstin, McGinn-Shaprio, & Shields, 2008 p. 146-

147).

Page 31: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Lack of Obtainable Data:

Medicaid Programs

● Limits the way in which discrepancies in care between

those who are uninsured and between those who are

insured under private health plans are tracked and

documented

● The adoption of a well-monitored, efficient

documentation system is necessary to track the

successes and failures of this reformFrostin et. al, 2008, p. 147

Page 32: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Outlook: Healthcare

Insurance Industry

-Increase in positions that focus on the implementation of

innovative programs that raise public awareness on

understanding the stipulations of health insurance and the

importance of having coverage

-More people covered = more jobs to service these people

Torpey, 2014, p. 30

Page 33: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Career Example: Insurance

Claims Specialist

-Review insurance claims to determine whether or not an individual is

covered under a particular policy.

-Managers of insurance claims specialists in the healthcare industry

must be well educated on the responsibilities of the position as they

oversee, lead and at times step in to fulfill the need of the client or

individual seeking verification of an insurance policy and what is

covered.

http://education-

portal.com/articles/Job_Description_of_an_Insurance_Claims_Specialist.html

Page 34: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Prime Opportunities

● Creation of 4.1

million jobs in the

healthcare industry

by 2022

● Growth of 26% in

healthcare

employment by 2022

Torpey, 2014 p. 30

Page 35: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

Explored Macro-Trends

1. Increasing national health expenditures

2. Morphing demographics from aging baby

boomers

3. Increasing rates of obesity

4. Emerging e-health technologies

5. Evolving federal and state government policies

Page 36: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

References

Association for Corporate Growth. (2014, May 1). The macro trends affecting healthcare. Retrieved from

http://acgcapitalblog.com/annual-growth-conference/macro-trendsaffecting-health-care/

Brill, A. (2013, April). Campaign to end obesity. Matrix Global Advisors. 1-31. Retrieved from

http://campaigntoendobesity.org/documents/FinalLong-TermReturnsofObesityPreventionPolicies.pdf

Centers for Medicare and Medicaid Services. (September 29th, 2014). NHE Factsheet. Retrieved from

http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-andReports/NationalHealthExpendData/

NHE-Fact-Sheet.html

Fronstin, P., McGinn-Shapiro, M., Shields, A.E. (2008) Trends in Private Insurance, Medicaid/State Children’s Health Insurance

Program, and the Healthcare Safety Net. Annals of the New York Academy of Sciences. Vol. 1136. 137-148

doi:10.1196/annals.1425.029

Griffin, M. (2014) A Brave New World of Healthcare Technology. Biomedical Instrumentation & Technology.

doi:10.2345/0899-8205-48.3.232

Page 37: HCAD 600 Group 2: The Future of Healthcare: Macro-Trends Effect on Healthcare Careers

References Cont.

Herzlinger, R. (2000). US economic revolution: mapping the future of healthcare. Pharmacoeconomics, 18(3), 3-6. Retrieved from

http://eds.a.ebscohost.com.ezproxy.umuc.edu/eds/pdfviewer/pdfviewer?vid=1&sid=e9ba8b05-ffea-42bb-a558

c1f479f4abb1%40sessionmgr4005&hid=4111

Hojjat, T. A. (2014). The economic analysis of obestiy. Review Of Business & Finance Studies, 6(1), 81-98.

Kennedy, C. (2010). The city of 2050 – an age-friendly, vibrant, intergenerational community.Generations, 34(3). 70. Retrieved

from http://eds.a.ebscohost.com.ezproxy.umuc.edu/eds/pdfviewer/pdfviewer?sid=e6cda16f-f378-45f6-8aa8-55f742687c7

b%40sessionmgr4001&vid=1&hid=4208

Torpey, E. (2014). Healthcare: Millions of jobs now and in the future. Occupational Outlook Quarterly, 58(1), 27. Retrieved from

http://eds.b.ebscohost.com.ezproxy.umuc.edu/eds/pdfviewer/pdfviewer?sid=3ddaf68e-6683-4adb-ae53-38cbc75ee534%

40sessionmgr113&vid=1&hid=111

Weight-control Information Network. (2012, October). Overweight and obesity statistics. Retrieved from http://www.win.niddk.nih.gov/statistics/