Physicians receive a large percentage of total revenue from the private sector. The private sector account for 66% of the physician revenue. Healthcare visits have increased as the individuals are living longer and having increased health ailments. As inpatient hospitalizations have decreased and replaced with ambulatory care facility, this increases the demand for physicians. (Cleverley, Song, Cleverley, 2011, pg. 275).
Expenses is defined as “The amounts spent by individuals’ groups nations or private or public organizations for total health care and or its various components. These amounts may or may not be equivalent to the actual costs (HEALTH CARE COSTS) and may or may not be shared among the patient insurers and or employers”. (Definition.net, n.d.) The assumption is that 85% of all healthcare expenditures are directly or indirectly controlled by physicians. (Cleverley, Song, Cleverley, 2011, pg. 274). This is accomplished by hospital admissions and discharges, high cost diagnostic services, and
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These would include nursing homes, medical groups, and health plans. Facilities that provide services for individuals considered vulnerable adhere to guidelines that may be governed by several licensing and regulatory agencies. Nursing facilities are governed by such agencies as the Health and Human Services Division of the Federal Government as well as the State of Texas’ Health and Human Services Division (https://hhs.texas.gov). In addition, most states have their own governing regulations when it comes to nursing homes that governs older individuals. Health plans fall under the non-hospital and non-physician sector. Large corporations such as UnitedHealth Group, Aetna, and Wellpoint has a massive employment pool and absorb substantial capital to finance continued growth. (Cleverley, Song, Cleverley, 2011, pg.