THE HEALTH CARE INDUSTRY

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

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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
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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
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INDUSTRY LOVES
Feels good to make others feel good
Flexibility
Advances in Medical Technology
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INDUSTRY HATES
The 15-Minute Consultation
Survival of the Fattest
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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
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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

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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.

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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.

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TOP 5 L. I. EMPLOYERS

• Long Island Jewish Medical Center
• North Shore University Hospital at Manhasset
• Southside Hospital
• Huntington Hospital
• Franklin Hospital Medical Center

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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

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Health Care Practitioners Include

• doctors
• emergency medical technicians
• physical therapists
• physicians assistants
• radiology technologists
• respiratory therapists
• optometrists
• podiatrists
• speech pathologists

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The Health Services Industry Consists of 8
Segments

• Hospitals
• Nursing and Personal Care Facilities
• Offices Clinics of Physicians (Osteopaths)
• Home Healthcare Services

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Health Services Segments(cont)

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

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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.

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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.

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CAREER TRACKS

• Physician (MD DO)
• General Practitioner
• Specialist
• Registered Nurse

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CAREER TRACKS (CONT)

• Physician Assistant
• Medical Assistant
• Laboratory Technician
• Physical Therapist

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COMPENSATION

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

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COMPENSATION (cont)

• Medical Assistant 40,000 - 50,000
• Laboratory Technician 20,000 - 50,000
• Physical Therapist 50,000 - 60,000

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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.

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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.

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Professional Associations

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

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That's all folks!