Research Opportunities on the Rising Cost of Healthcare

Research Opportunities on the Rising Cost of Healthcare

With the advance of technology, improved communication, and improving accessibility, healthcare is moving forward at a rapid pace. A downside of this rapid growth is the associated increase of costs. Add to these costs the financial burden incurred for preventable errors, pharmaceuticals, regulation, and insurance, and the high volume of these costs comes into better perspective. It is not hard to imagine these costs continuing to increase without drastic intervention.

As consumers become more aware of the various options coming available, the derived demands, needs and wants of patients have risen (Padgett, Gossett, Mayer, Chien, & Turner). Healthcare is seemingly more accessible than ever, and with insurance keeping many of the costs supressed from a consumer standpoint, it is easier to justify seeking medical care, warranted or not.

Organizations have to decide where they fit in this wave of consumer attention, and make business decisions accordingly. Some organizations have taken advantage of this trend in increased use of healthcare services to reach into communities that are traditionally underserved (Tersigni, 2018). Partnerships have been developed that expand beyond traditional healthcare and bring value-added services to patients and their communities.

Some of these community services include ride-share programs that ensure appointments are kept (Tersigni, 2018). Virtual care is another developing option for people unable to travel to seek medical attention. This also serves to expand the reach of healthcare organizations into communities far beyond their traditional boundaries. With these increasing opportunities come similarly increased opportunities for further research.

One key area that offers plenty of research opportunities involves finding a way to reduce the costs of care. As mentioned above, there are also opportunities for enterprising organizations to increase profits or at least limit excessive expenditures through new and innovative care options. Technology is a key variable both in improving quality and reducing costs, and offers another avenue for research. CHNR affiliates, faculty, and students have an opportunity to come together to explore these ideas.

If you have an idea for a study and would like to collaborate, be sure to use the CHNR Forum to share your idea. You may also contribute to this CHNR blog to express your interest in collaboration.  Now is a great time to get started.


References

Padgett, J., Gossett, K., Mayer, R., Chien, W., & Turner, F. (2017). Improving Patient Safety through High Reliability Organizations. The Qualitative Report, 22(2), 410-425. Retrieved from https://nsuworks.nova.edu/tqr/vol22/iss2/4

Tersigni, A. (2018). Innovative care models are new catalysts to transforming healthcare. Becker's Hospital Review. Retrieved from https://www.beckershospitalreview.com/hospital-management-administration...

About the Author

Jared D. Padgett

2021

Articles/Blogs

Journal of Leadership Studies-Symposium Piece-Relational Leadership: Perspectives of Key Constructs on Diversity, Inclusion, and Social Equity in Higher Education

Psychology Today
Blog Posts Published

Conferences

American Psychological Association Conference-Utilizing Clinical Hypnotherapeutic Intervention with CBT to Treat Pandemic-Aug. 13-2021 Symptomology

ILA Conference Geneva Switzerland 2021
Presenter -Topic-"The Stress Arc in Leadership and 3 Powerful Disciplines for Mitigating Major Stress Impacts in a New Era"-Upcoming
Presenter -Topic-“Improving Higher Education’s Role in Diversity and Social Equity through Relational Leadership in the New Era”-Upcoming
Presenter-Topic-"Healthcare Leadership-Using Virtuous Leadership in Chaos to Reimagine Beneficial Practices of Employee Cognitive Psychology"-Upcoming
 
2021-Knowledge Without Boundaries National Summit-College of Doctoral Studies Research Conference-University of Phoenix-Panel Discussion-"Exploring Emergent Trends in Leadership and Education"-Based on published symposia article from the Journal of Leadership Studies- https://onlinelibrary.wiley.com/doi/full/10.1002/jls.21734

 

Jared D. Padgett
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