A couple of months back, social media platforms were abuzz with news about how some Canadian medical practitioners protested about the exorbitant hospital bills patients had to pay to regain good health – talk about living for others. Notwithstanding, the reality that is before us at this very moment is that of rising healthcare cost which is somewhat overbearing on low-income earners. That this problem remains till this very point in time shows that more still has to be done, and it will take the collective efforts of the government and major stakeholders to control the rising cost of healthcare. But taking it to the ‘heart of the matter’, we want to look at the role hospitals can play in this regard.
Reviewing operating cost
With an ever rising operating cost [incurred by hospitals], you do not need to have a divergence indicator mt4 to know that healthcare cost will continue to rise if something is not done quickly. It is to this end that it becomes necessary for hospitals to review operating cost [and also the overhead cost]; eliminating waste and inefficient processes to provide quality healthcare service delivery.
Providing cost-effective healthcare service
There have been instances whereby healthcare providers chose to make patients go through expensive treatments and tests when there are less expensive [and yet quite effective] options. Hospitals should make it a point of duty to help patients cut unnecessary expenses by leaving out such (high cost) treatments. Relatedly, the incidence of defensive medicine must also be addressed by medical professionals.
Technology may hold the key towards controlling the cost of healthcare. For instance, the different innovations that help medical practitioners communicate with patients at home could help to cut off the cost of the bureaucracies connected with visiting the hospital. Also, those (innovations) that ensure better patient outcomes will also be beneficial in cutting cost on the long run. Putting all these into perspective, it would be great for hospitals to work hand-in-hand with technology startups to develop innovations that would help them offer quality healthcare at an affordable rate.