Title: THE HEALTH CARE INDUSTRY
1THE HEALTH CARE INDUSTRY
2PRESENTED BY
GINA
JUDE
CATHY
DENISE
DOUG
RAY
3INDUSTRY OVERVIEW
BOOMING!
HEALTH CARE IS
1.37 trillion spent in 2002!!! (approx. 14 of
GDP)
- Services Provided
- diagnostic
- healing
- rehabilitation
- prevention
- For who?
- injured
- ailing
- incapacitated
- disabled
4Abundance of Opportunities in Health Care
More than 10 million nationwide employed as of
12/01
Demand for health care workers expected to grow
faster than the avg rate of increase for all
other occupations until 2010.
Growing demand for physicians registered
nurses home care aides physicians
assistants nurse practitioners physical
therapists nontraditional health aides technical
and administrative
5TRENDS
- Payers (insurance companies, HMOs, govt) have
reduced reimbursements - Providers more careful about disbursing services
- BUT
- New drugs and new procedures are out there
- Political pressure to treat patients better
- Tremendous labor shortage
COST TENSIONS
- Many impressive advances made
- Advances in defibrillators and artificial hearts
CARDIAC CARE
6INDUSTRY LOVES
Feels good to make others feel good
Flexibility
Advances in Medical Technology
7INDUSTRY HATES
The 15-Minute Consultation
Survival of the Fattest
8MAJOR PLAYERS IN THE USA
COMPANY REVENUE (
million) Cardinal Health 47,948 McKesson 42,0
10 Aetna 25,191 UnitedHealth
Group 23,454 Cigna 19,115
9JOB DESCRIPTIONS
- Physician -
- diagnose illnesses and prescribe and administer
treatment for people suffering from injury or
disease. - 1/3 are primary-care
- 2/3 are specialized
- Registered Nurse(RN) licensed promotes health,
prevents disease, and helps patients cope with
illness. - Licensed Practical Nurse(LPN) care for the
sick, injured, convalescent, and disabled under
the direction of physicians and registered
nurses. - Nurse Practitioner(NP) can prescribe medicine
and treat basic health problems
10JOB DESCRIPTIONS
- Medical Technician - Technicians may prepare
specimens and operate automated analyzers, may
perform manual tests following detailed
instructions, and they may work in several areas
of the clinical laboratory or specialize in just
one - Physical Therapist - provide services that help
restore function, improve mobility, relieve pain,
and prevent or limit permanent physical
disabilities of patients suffering from injuries
or disease. - Health Care Managers - encompasses all
individuals who plan, direct, coordinate, and
supervise the delivery of healthcare.
11JOB DESCRIPTIONS
- Home Health Care Aides helps elderly,
convalescent, or disabled persons live in their
own homes instead of in a health facility. Under
the direction of nursing or medical staff, they
provide health-related services, such as
administering oral medications - Medical Secretaries - transcribe dictation,
prepare correspondence, and assist physicians or
medical scientists with reports, speeches,
articles, and conference proceedings.
12TOP 5 L. I. EMPLOYERS
- Long Island Jewish Medical Center
- North Shore University Hospital at Manhasset
- Southside Hospital
- Huntington Hospital
- Franklin Hospital Medical Center
13CAREER OVERVIEW
- The Health Care Industry
- combines medical technology the human touch
- administers care around the clock
- responds to the needs of millions of people
14Health Care Practitioners Include
- doctors
- emergency medical technicians
- physical therapists
- physicians assistants
- radiology technologists
- respiratory therapists
- optometrists
- podiatrists
- speech pathologists
15The Health Services Industry Consists of 8
Segments
- Hospitals
- Nursing and Personal Care Facilities
- Offices Clinics of Physicians (Osteopaths)
- Home Healthcare Services
16Health Services Segments(cont)
- Dental Offices/Clinics
- Offices/Clinics of Other Health Practitioners
- Health and Allied Services (not classified
elsewhere) - Medical and Dental Laboratories
17Medicine and HealthRequirements
- Health care professionals including doctors, RNs,
LPNs, nurse practitioners, etc., must be licensed
in every state. - Doctors must graduate from accredited medical
schools, pass the United States Medical Licensing
Examination, and complete 1-7 years of graduate
medical school residency in their specialty. - A new doctor typically finds employment in a
medical group, hospital, or HMO. With more
experience, doctors can expect salary increases
and possibly shares of the organization for which
they work. - Some doctors advance into management positions,
although most simply continue to practice
medicine. A base of regular patients is often
developed and fewer new patients may be accepted.
As doctors approach retirement, they generally
decrease their workloads and hours.
18Medicine and HealthJob Outlook
- Since managed care has steered patients towards
primary-care physicians, the job outlook for
general and family practitioners, general
internists, and general pediatricians is good.
Specialists will likely find less demand for
their services and competition. - Our aging population will require more geriatric
specialists and cardiologists as people live
longer due to medical technology. - The number of jobs for EMTs, medical and surgical
technicians, and occupational and physical
therapists is expected to grow at a faster rate
than overall job growth, and RNs are expected to
see exceptionally high job growth. - Physicians and LPNs are expected to be in line
with overall job growth. LPNs will find more
opportunities in nursing homes and other
care-giving settings for the elderly as the Baby
Boom generation ages.
19CAREER TRACKS
- Physician (MD DO)
- General Practitioner
- Specialist
- Registered Nurse
20CAREER TRACKS (CONT)
- Physician Assistant
- Medical Assistant
- Laboratory Technician
- Physical Therapist
21COMPENSATION
- Physician 125,000 - 155,000
- Specialist 225,000 - 350,000
- Registered Nurse 40,000 - 50,000
22COMPENSATION (cont)
- Medical Assistant 40,000 - 50,000
- Laboratory Technician 20,000 - 50,000
- Physical Therapist 50,000 - 60,000
23Lowdown From Hoovers
- The US health care services the world's largest
market. - Worth nearly 1.4 trillion.
- A problem (and an opportunity) is the rising
demand for services. - People are living longer and need more care.
24Technology in Health Care
- Technology may not be the industry's panacea
- Loading patient and payer information, supply
orders, and other administrative red tape onto
computers organizes information and helps reduce
costly errors - Technology solutions are also pricey and don't
often fit into budgets.
25Professional Associations
- World Health Organization
- American Medical Association
- American Hospital Association
- American Nurses Association
- American Association of Health Plans
- National Institute for Health Management
26That's all folks!