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THE HEALTH CARE INDUSTRY

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MAJOR PLAYERS IN THE USA JOB DESCRIPTIONS Physician - diagnose illnesses and prescribe and administer treatment for people suffering from injury or disease. – PowerPoint PPT presentation

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Title: THE HEALTH CARE INDUSTRY


1
THE HEALTH CARE INDUSTRY
2
PRESENTED BY
GINA
JUDE
CATHY
DENISE
DOUG
RAY
3
INDUSTRY 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

4
Abundance 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
5
TRENDS
  • 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
6
INDUSTRY LOVES
Feels good to make others feel good
Flexibility
Advances in Medical Technology
7
INDUSTRY HATES
The 15-Minute Consultation
Survival of the Fattest
8
MAJOR 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
9
JOB 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

10
JOB 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.

11
JOB 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.

12
TOP 5 L. I. EMPLOYERS
  • Long Island Jewish Medical Center
  • North Shore University Hospital at Manhasset
  • Southside Hospital
  • Huntington Hospital
  • Franklin Hospital Medical Center

13
CAREER OVERVIEW
  • The Health Care Industry
  • combines medical technology the human touch
  • administers care around the clock
  • responds to the needs of millions of people

14
Health Care Practitioners Include
  • doctors
  • emergency medical technicians
  • physical therapists
  • physicians assistants
  • radiology technologists
  • respiratory therapists
  • optometrists
  • podiatrists
  • speech pathologists

15
The Health Services Industry Consists of 8
Segments
  • Hospitals
  • Nursing and Personal Care Facilities
  • Offices Clinics of Physicians (Osteopaths)
  • Home Healthcare Services

16
Health Services Segments(cont)
  • Dental Offices/Clinics
  • Offices/Clinics of Other Health Practitioners
  • Health and Allied Services (not classified
    elsewhere)
  • Medical and Dental Laboratories

17
Medicine 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.

18
Medicine 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.

19
CAREER TRACKS
  • Physician (MD DO)
  • General Practitioner
  • Specialist
  • Registered Nurse

20
CAREER TRACKS (CONT)
  • Physician Assistant
  • Medical Assistant
  • Laboratory Technician
  • Physical Therapist

21
COMPENSATION
  • Physician 125,000 - 155,000
  • Specialist 225,000 - 350,000
  • Registered Nurse 40,000 - 50,000

22
COMPENSATION (cont)
  • Medical Assistant 40,000 - 50,000
  • Laboratory Technician 20,000 - 50,000
  • Physical Therapist 50,000 - 60,000

23
Lowdown 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.

24
Technology 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.

25
Professional Associations
  • World Health Organization
  • American Medical Association
  • American Hospital Association
  • American Nurses Association
  • American Association of Health Plans
  • National Institute for Health Management

26
That's all folks!
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