BHA FPX 4112 Assessment 2 Supply and Demand of Health Care

Supply and Demand of Health Care

            BHA FPX 4112 Assessment 2 Improving the state of health is beneficial to the lives of people, their immediate environment, and the economy of the world. Hospitals, governments, and insurance corporations satisfy the world’s need for health care for every one of your neighbors. Supply and demand are interdependent factors affecting the market as they are not stagnant factors. At the same time, the supply and demand concept is specific to the healthcare industry. The following topics are basic and yet most are believed to have some relationship to the demand side and or the supply side of health care. In the following part of the paper, the author will discuss sorting and nature of the healthcare supplies, as well as the legislative changes in its context, and reimbursement systems.

Demand Health Care Services and Automobile

            This means that the world would be a compilation of worthless items and something that is As noted above, the world would turn into an assortment of senseless items without the people as they are the ones behind its creation, sustenance, and the only guarantee of its existence in the future as compared to the physical properties that form a part of it. Hence BHA FPX 4112 Assessment 2 humanity’s desire for health is on the increase when the medical world is always advancing by expanding the range of diseases. McCartney and colleagues, 2019. Therefore, as consumers of care services, they plead with the government and care providers to do a better job. Everyone tends to shut their brains when asked questions concerned with health issues or the benefits of exercising in study studies. The reason for this is that the modern population should have the necessary knowledge about many factors of health. Lehmann et al. (2020) have identified that the contemporary person is often expected to value possibilities more than health, which, as much as the latter might be valued.

BHA FPX 4112 Assessment 2 Scarcity of Supplies

 Of that much one can be quite sure; it is only human nature, with a scarcity of supplies, to consume more of everything that is available. When people are sick, they cannot tell how they are faring physically but they come to appreciate the aspect of health the more as they struggle. The key driver of healthcare services usually emanates from consumers’ desire to be healthy. Healthcare, which is a necessity that must be satisfied at all times is mainly due to expenditures incurred on health matters. Here, annual costs incurred to treat the sickness in question go higher than the costs of treating a patient who got sick. A survey conducted in the last year revealed that a majority of American consumers are still postponing their visit to the physician due to rising healthcare costs (Al Shamsi et al. , 2020). The rising cost of health care means that many people still have to maintain their health even if some are careless.

 The most important cause that has led to the rise in the demand for automobiles over the last couple of years is particularly the increase in the prices of gasoline. There was a demand for cars because people required smaller cars as a mode of transport since the cost of gasoline was increasing (Shiraki et al., 2020). Yan et al. (2022) note that the Covid-19 pandemic had effects on the automotive supply industry. Thus, following COVID-19, there was an increase in people’s demand for automobiles as such products can help reduce people’s contact with each other.

HealthCare Responsibility 

Comfort: to(c) provide comfort to their respective customers (Ansar et al., 2021). On the other hand, in the general picture, BHA FPX 4112 Assessment 2  healthcare givers have the social responsibility to treat the patients who cannot pay their bills since they have a covenant and vow to treat everyone. However, a car dealer will quickly eject a customer who goes to their car lot to purchase a car, only to find out, he or she lacks adequate money. It is stated that the availability of funds is the first and the most crucial factor in gaining the opportunity to render the service (Rashidi et al., 2021). 

Supply Health Care Services and Automobile

It’s extremely critical as the elevated number of medical issues causes the intensification of the supply-demand bond. Although patients make multiple trips to the hospitals, these trips can be challenging at times (Getele et al. , 2020). Lack of stocks of medicines, delayed visits to doctors’ offices, and lack of staff are some examples of such concerns. While COVID-19 eased some of the issues caused due to understaffing and in accessing healthcare from caregivers, these challenges are still present even today (Lasater et al. , 2020). Furthermore, from this study, Niemsakul et al. (2022) recognized that; BHA FPX 4112 Assessment 2 Enhanced understanding and functional utilization of Lean Supply Chain Management in healthcare services might enhance health service delivery. This can assist in reaching out to places that are hard to get or offering health care services to. In other words, having as many doctors as possible on its staff and therefore being able to treat as many people as possible is becoming more important due to increasing demand for health care services. The aforementioned cause has put pressure on the health care services on the demand side.

 A mismatch of the financial plan and an imperative for a comprehensive budget contributed to the shutdown of rural hospitals in the United States (Germack et al., 2019). They are very crucial in ensuring an adequate supply of medical treatment in the event of a disaster. Hence, the patients may be forced to cover large distances in search of upcoming hospitals to access the needed healthcare. What this implies is that while there is demand, there is a progressive erosion of health care services delivery on a daily basis. As for the supply of cars, the price factor can be considered as the most basic or straightforward factor. The selling price and the production price form part of this pricing. Here, a high cost of production will lead to a high price for the customer since no business organism can incur high costs of production and then sell its products at a low price. This is another mechanism through which the increase in the price of petrol affects supply through a reduction in demand for autos. Similarly, if price is reduced it enhances the pool’s revenue since more clients seek a specific vehicle (Liu et al., 2020). 

Click here to Get:  BHA FPX 4112 Assessment 1 Health Production Function

Legislative Trend: Influencing the Demand and Supply of Healthcare Services

            In fact, each of the two parts may be separately a very effective legislative instrument. Transparency and consumerism have been increasing over the past few years; patients expect the practitioners to be more specific regarding to the options available to them when they opt for a treatment (Vogenberg & Santilli, 2019). This means that as long as there are patients who are willing to be charged a reasonable price for treatment, the demand of the target clientele for improved service will rise.

There are those that are poor they cannot even afford the high costs of health care. Medicaid is a part of the United States federal program of health insurance for the needy folk and helps them to receive qualified medical treatment. As a result, demand and availability for these types of services have increased in the system of healthcare (Garfield et al., 2018).

BHA FPX 4112 Assessment 2 Medicare and Medicaid are either good or have bad implications depending on the stand, or the view that different persons or companies have towards these programs. Some examples of such health insurance programs are Medicare and Medicaid which offers health coverage for individuals without regard to their age. Individuals regardless of their ages and more so those with medical earnings are offered health insurance by the federal government (Gordon et al., 2020). Another example is Medicare which is health insurance for people who are sixty-five years and above. Other people in society such as the disabled also benefit from them. They termed people with impairment, particularly the youths, as ‘handicapped’ (Lopez, 2020). Programs like Medicare and Medicaid provide that the people in the communities get the necessary medical treatment that they want without necessarily worrying about how they will be funding their needs.