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Research Project Draft
Margaret Ochonu
BUSI 429: Healthcare Economics
Liberty University
Professor Laura McLeod
November 24, 2023
2
Table of Contents
Abstract
............................................................................................................................................
3
I. Introduction
..................................................................................................................................
4
II. Thesis Statement
.........................................................................................................................
4
A. The increasing proportion of elderly individuals poses significant challenges to the sustainability of Medicare and Medicaid programs, affecting healthcare organizations, human resources management, and potential opportunities for the elderly within these programs
........
4
III. Research Questions/Issues
.........................................................................................................
4
A. How does the ageing population impact the costs of Medicare and Medicaid?
.....................
4
B. What are the implications for healthcare organizations in adapting to the needs of an ageing
population?
..................................................................................................................................
4
C. What role does Human Resources play in addressing the challenges posed by an ageing population in the context of Medicare and Medicaid?
................................................................
4
D. What potential roles and opportunities are available for elderly individuals within Medicare
and Medicaid programs?
..............................................................................................................
4
IV. Organizational Plan
................................................................................................................
4
A. Section 1: Ageing Population and Medicare/Medicaid Costs:
...............................................
4
1. Overview of demographic trends and life expectancy
.........................................................
4
2. Analysis of the current state of Medicare and Medicaid costs in relation to the ageing population
................................................................................................................................
4
B. Section 2: Implications for Healthcare Organizations (30% of the paper)
.............................
4
3
1. Challenges faced by healthcare organizations in meeting the needs of an ageing population
................................................................................................................................
4
2. Strategies for adapting healthcare services and structures to accommodate elderly individuals
................................................................................................................................
4
C. Section 3: Role of Human Resources (30% of the paper)
......................................................
4
1. The importance of Human Resources in managing workforce challenges related to an ageing population
.....................................................................................................................
4
2. Strategies for recruitment, training, and retention of healthcare professionals
...................
4
D. Section 4: Opportunities for Elderly Individuals (15% of the paper)
.....................................
4
1. Examination of potential roles and contributions of elderly individuals within Medicare and Medicaid programs
...........................................................................................................
4
2. Policy recommendations for enhancing the participation of the elderly in healthcare initiatives
..................................................................................................................................
4
V. Conclusion
...................................................................................................................................
5
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Research Project Draft
Abstract
This research study analyzes demographic trends, healthcare expenditures, and the responsibilities that healthcare organizations, Human Resources, and senior persons play within these frameworks. The ramifications of an aging population on Medicare and Medicaid are varied, and this article investigates those implications. Using both empirical data and a wide variety of previous research, this study dives into the difficulties that healthcare organizations confront when attempting to satisfy the complex demands of an aging population. Particular attention is paid to the important role that Human Resources plays in workforce development and
organizational adaptability. In addition to this, it investigates the various roles that older people may play and contributions they could make within the Medicare and Medicaid systems, and it makes legislative suggestions to improve the active engagement of older people. The use of a biblical passage from Proverbs 20:29 lends an emotional dimension to the conversation by drawing attention to the distinctive abilities that come with advancing in age. In conclusion, the study emphasizes the significance of a holistic and cooperative strategy to handle the difficulties and possibilities resulting from an aging population. This is necessary to ensure the viability and efficiency of healthcare systems within the framework of Medicare and Medicaid.
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I. Introduction
The United States' healthcare system is changing dramatically in the modern period, and the aging population is making it more difficult for programs like Medicare and Medicaid to be sustainable (Abdul-Hakim, 2022). It is becoming more and more important to comprehend the effects of the growing senior population on the dynamics and expenditures of these essential healthcare systems. In addition to changing people's healthcare demands, the aging population puts a significant burden on healthcare organizations and the larger system (Brown & Goda, 2023). The extensive effects will be discussed in this part, with a focus on the necessity of taking
proactive steps to solve the problems this demographic transition has brought about. Examining the complex effects on healthcare systems, institutions, and people helps us to understand how urgent it is to adjust to this shifting environment. Outlining the present demographic trends, such as the rising life expectancy, is essential to understanding the backdrop of the aging population's influence on healthcare (Keisler-Starkey & Bunch, 2020). This section will also give a summary of the critical roles that Medicare and Medicaid play in the healthcare system (Currie & Duque, 2019). By laying this foundation, we can better understand the unique possibilities and problems that an aging population presents for these initiatives. The introduction attempts to provide the groundwork for a thorough investigation of the effects of an aging population on Medicare and Medicaid expenses by combining these components. In order to guarantee that healthcare systems continue to be effective in fulfilling the requirements of an aging population, it is imperative that policies and plans take into account the interconnection of these issues as the demographic landscape changes.
6
II. Thesis Statement
A.
The increasing proportion of elderly individuals poses significant challenges to the sustainability of Medicare and Medicaid programs, affecting healthcare organizations, human resources management, and potential opportunities for the elderly within these programs.
III. Research Questions/Issues
A. How does the ageing population impact the costs of Medicare and Medicaid?
The growing proportion of elderly people in the population has a significant influence on Medicare and Medicaid costs, creating a complex web of interrelated problems. Increased life expectancy combined with a population that is becoming older places a significant strain on these healthcare services (Abdul-Hakim, 2022). The combination of an increasing demand for long-term care services, an aging population, and increased service consumption rates is continuing to drive up the cost of healthcare. If policymakers and healthcare administrators want to establish long-term solutions to this demographic challenge, they need to have a strong understanding of the complex dynamics of the cost drivers (
Alker, Kenney, & Rosenbaum, 2022).
B. What are the implications for healthcare organizations in adapting to the needs of an ageing population?
When it comes to adjusting to the requirements of an aging population, healthcare institutions must deal with a variety of complex ramifications (Brown & Goda, 2023). Because of the move toward an older population, it is necessary to reevaluate the service delivery methods, infrastructure, and staff capabilities already in place. Because senior people often have
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complicated medical requirements, organizations have a need to improve care coordination, make investments in geriatric education for medical personnel, and develop technology that make it possible for older people to continue living in their homes. Taking these consequences into consideration is very necessary in order to guarantee that healthcare organizations will continue to be responsive to the ever-evolving demands of an aging population.
C. What role does Human Resources play in addressing the challenges posed by an ageing population in the context of Medicare and Medicaid?
According to Carman et al.'s 2020 research, Human Resources (HR) plays a crucial part in the process of managing the issues that are connected with an aging population within the framework of Medicare and Medicaid. To be able to offer specialized care for older persons, the staff has to be trained with the skills and knowledge essential for this task. Training programs, workforce planning, and recruiting methods need to be adapted to meet the one-of-a-kind requirements and inclinations of an aging population. In addition, HR policies need to encourage diversity and inclusion in the workplace, as well as provide support for healthcare workers who are providing care for senior patients (
Alker, Kenney, & Rosenbaum, 2022).
D. What potential roles and opportunities are available for elderly individuals within Medicare and Medicaid programs?
According to the findings of a study that was conducted in 2021 by Jiang and colleagues, older persons are in a position to make significant contributions to the Medicare and Medicaid programs, going well beyond their usual role as receivers of these benefits (
Doucette, DeVolder & Heggen, 2021). There are possibilities for active involvement in a range of decision-making processes, as well as lobbying and engagement within the community (
Zhen-Duan et al., 2021).
8
There are other opportunities to participate. It may be possible to improve the social connectivity
of the older population as well as their mental health via the establishment of programs that promote volunteering and peer support. By recognizing these obligations and making it simpler for individuals to carry them out, Medicare and Medicaid have the capacity to tap into the knowledge and skills of an older population and use it to promote a healthcare ecosystem that is more open to participation and inclusive of a broader variety of people. This will allow for a healthcare system that is more open to participation and inclusive of a larger range of people.
IV. Organizational Plan
A. Section 1: Ageing Population and Medicare/Medicaid Costs:
1. Overview of demographic trends and life expectancy.
The United States' population is aging at an alarming rate, which is the primary factor behind the seismic upheaval now taking place in the country's demographic landscape. This shift is shown not only by a growth in the absolute number of people who are aged, but also by a lengthening of the average life expectancy (Keisler-Starkey & Bunch, 2020). The repercussions of this transition are not limited to simple numerical proportions; rather, they incorporate the intricacies connected with shifting health dynamics and the requirements of an aging populace. The significant impact that demographic shifts are having on the structure of the healthcare industry calls for a comprehensive investigation of the features of the aging population. These characteristics should include the prevalence of chronic illnesses as well as the demand for healthcare services that are specifically geared toward older persons (
Zhen-Duan et al., 2021).
It is vital for policymakers and administrators in the healthcare industry to have a comprehensive grasp of the complexities of demographic shifts in order to build plans that are
9
aligned with the changing requirements of an aging population. This awareness is needed in order to create plans that are aligned with the changing needs of an aging population. Drawing on fundamental works such as the research conducted by Keisler-Starkey and Bunch, this part will provide a comprehensive analysis of the current demographic patterns and their effects on healthcare systems. These writers have made a name for themselves in the subject of demography by the work that they have done (
Doucette, DeVolder & Heggen, 2021).
2. Analysis of the current state of Medicare and Medicaid costs in relation to the ageing population.
According to Abdul-Hakim (2022), an aging population has a significant influence on the
financial dynamics of Medicare and Medicaid, making it necessary to do an in-depth review of the expenses that are linked with these programs. According to Currie and Duque (2019), as people live longer, they demand more comprehensive medical treatment, which might range from preventative care to the management of chronic illnesses and the fulfillment of the requirements for long-term care (Currie & Duque, 2019). This section will dive into the current literature, drawing on Abdul-Hakim's financial analysis as well as other pertinent research, in order to shed light on the complex link that exists between an aging population and the financial elements of healthcare systems (
Zhen-Duan et al., 2021).
Examining the patterns of healthcare consumption, differences in spending across various
age groups, and the influence of policy changes on reimbursement rates are all aspects that must be investigated in order to conduct an analysis of the present status of expenditures associated with Medicare and Medicaid. This part tries to give a comprehensive knowledge of how the aging population contributes to the cost dynamics of these vital healthcare services by evaluating
empirical data and research results. These may be found in the previous section. In the end, this
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study will establish the framework for later conversations on the larger implications of the financial issues given by an aging population within the context of Medicare and Medicaid. These talks will focus on various options for reducing these challenges (
Zhen-Duan et al., 2021).
B. Section 2: Implications for Healthcare Organizations 1. Challenges faced by healthcare organizations in meeting the needs of an ageing population.
The change in demographics toward an aging population poses a number of difficult issues for healthcare organizations; each of these challenges requires rigorous study and strategic
planning in order to overcome. One of these problems is the rising prevalence of chronic illnesses among the elderly population, which calls for a shift away from the conventional episodic care models and toward more flexible approaches to the management of chronic care (Liddell & Lilly, 2022). As the healthcare environment changes to address these chronic disorders, healthcare organizations must establish comprehensive care coordination plans to guarantee that older adults with various healthcare requirements get seamless and integrated treatments. This is necessary since the healthcare landscape is changing to address these chronic conditions. Because of this requirement, there has to be a change in organizational structures and operational procedures in order to make it easier to take a holistic and patient-centered approach to the provision of medical treatment.
The rise in the prevalence of chronic illnesses has been accompanied by an increase in the demand for long-term care services (Brown & Goda, 2023). This has created financial issues for healthcare institutions and compelled them to reevaluate their resource allocation in order to meet the changing requirements of an aging population. The complexity of the problems that are
11
encountered by healthcare organizations is further highlighted by the need of striking a balance between the many financial reasons and the requirement to provide high-quality treatment. It is necessary to have a comprehensive awareness of the various health profiles of senior citizens in order to effectively address these challenges. Additionally, it is necessary to create new ways in order to guarantee that care that is accessible and affordable and that is suited to the specific requirements of senior citizens (
Toseef, Jensen, & Tarraf, 2019).
In addition, the flexibility of the healthcare system to accommodate the shifting requirements of an aging population has emerged as yet another significant area of concern. The research that was carried out by Crowley et al. (2020) highlights the importance of careful planning to promote the mobility and independence of older individuals. This requires careful consideration of the physical design of healthcare facilities, ease of access, and the incorporation of technologies that are friendly to older people. (Shea et al., 2021) Workforce-related concerns, such as the establishment of policies to promote the recruitment and retention of trained professionals capable of managing the needs of an aging population, further exacerbate the difficulties encountered by healthcare organizations. Examples include the development of policies. A comprehensive strategy that incorporates both clinical and non-clinical components of
patient care within healthcare systems is required in order to successfully navigate these issues (
Toseef, Jensen, & Tarraf, 2019).
2. Strategies for adapting healthcare services and structures to accommodate elderly individuals.
In order for healthcare providers to be able to meet the needs of an aging population, they
will need to adopt strategic methods in the process of modifying their services and infrastructure.
According to Shea et al. (2021), one of the most important things that can be done is to make
12
sure that healthcare workers have enough training in geriatric care. This is the incorporation of geriatric competences into medical education, nursing programs, and many other healthcare training curricula in order to guarantee that medical professionals are prepared with the specific abilities necessary to handle the unique medical requirements of older people. Healthcare companies are able to pro-actively handle the issues connected with an aging population if they cultivate a staff that has a thorough grasp of geriatric care (
Dranove, & Burns, 2022).
In addition, the process of strategically enhancing infrastructure and services necessitates a full redesign of preexisting healthcare systems in order to bring them into conformity with the needs of an aging population. The incorporation of geriatric skills into the curriculum of medical education, nursing programs, and other types of healthcare practitioner training is essential to ensuring that healthcare professionals are adequately equipped to meet the myriad of issues that come with an aging population. This includes not just professional abilities but also an increased knowledge of the social and emotional aspects of providing healthcare for older adults (
Toseef, Jensen, & Tarraf, 2019).
In addition to the growth of a staff, the incorporation of technology that are friendly to older people and the intelligent design of healthcare facilities emerge as key components of adapting healthcare services to suit senior people. The study that was conducted by Crowley and colleagues (2020) highlights the significance of the role that technology and the layout of facilities play in fostering mobility and independence in older people. The creation of an environment that caters to the one-of-a-kind requirements of a population that is becoming older requires the use of technology that are accommodating to older people as well as the planning of healthcare facilities that are easily navigable and provide assistance to those who are older (
Dranove, & Burns, 2022).
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C. Section 3: Role of Human Resources 1. The importance of Human Resources in managing workforce challenges related to an ageing population.
The significance of Human Resources (HR) departments in healthcare organizations becomes clearly evident when one considers the challenging issues that arise from providing medical attention to an aging population. According to Carman et al.'s research from 2020, when the average age of the population increases and the population as a whole gets older, human resources take on a greater significance than they had in the past. The capacity of human resources to strategically modify the healthcare workforce to meet the demands of an increasing senior population is where the value of human resources lies in this context.
According to Shea et al. (2021), HR works as a catalyst in workforce planning, ensuring that healthcare organizations have the appropriate combination of skills and competences to address the special requirements of older persons. This requires doing an analysis of the skills of the existing workforce, determining where there are gaps in geriatric knowledge, and implementing focused initiatives for recruiting, training, and retention. In addition, HR plays a significant part in the process of cultivating a supportive work environment that acknowledges and responds to the issues encountered by healthcare professionals who are tasked with caring for an aging population. This, in turn, contributes to an increase in total worker satisfaction and productivity.
HR has a crucial role in advocating diversity and inclusion efforts within the workforce. This is especially important as the provision of healthcare grows more complicated in the setting of an aging population. According to Shea et al.'s research from 2021, a diverse staff in the
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healthcare industry that accurately reflects the populations it serves is in a better position to comprehend and cater to the specific cultural, social, and health-related requirements of older persons. HR makes a contribution to the development of a healthcare workforce that is not just trained but also culturally competent in order to provide person-centered care for an aging population. This contribution is made via the promotion of inclusion (
Dranove, & Burns, 2022).
2. Strategies for recruitment, training, and retention of healthcare professionals.
Human resources must take a systematic and all-encompassing strategy to handling the workforce issues posed by an aging population. This approach should include recruiting, training, and retention measures. Recruitment initiatives need to be proactive and focused, finding healthcare workers with particular skills in geriatric care and a passion to working with older persons (Shea et al., 2021). The discovery and recruitment of people who are enthusiastic about addressing the particular healthcare requirements of an aging population may be aided by collaborative projects including educational institutions, professional groups, and community organizations.
Training is a key in ensuring that the healthcare profession is appropriately trained to offer high-quality care to older individuals. Human resources should work with educational partners to include geriatric competences into curriculum and provide chances for continuous professional growth (Shea et al., 2021). To ensure a healthcare workforce equipped to handle the difficulties of providing care to the elderly, it may be necessary to provide specific training programs, seminars, and mentoring activities to increase healthcare workers' geriatric knowledge
and expertise.
15
The ever-changing healthcare industry makes retention measures just as important. Healthcare workers coping with an aging population confront specific pressures and problems, which HR must acknowledge and address (Carman et al., 2020). A pleasant work atmosphere and a feeling of purpose among healthcare workers working with older persons may be fostered by the implementation of supporting policies such as flexible work hours, mental health programs, and recognition programs. Human resources' efforts to improve workers' lives lead to happier employees who stay with the company longer.
Human resources plans for hiring, training, and keeping employees should be based on solid data and adaptable to the changing demands of an aging workforce. Care for an aging population presents unique problems, and Carman et al.'s research highlights the need of a staff that is not just trained but also supported in meeting those obstacles (Carman et al., 2020). Human resources may play a game-changing role in ensuring that Medicare and Medicaid have access to a healthcare workforce that can fulfill the needs of an aging population.
D. Section 4: Opportunities for Elderly Individuals (15% of the paper)
1. Examination of potential roles and contributions of elderly individuals within Medicare and Medicaid programs.
It is becoming more apparent that the elderly have important responsibilities and contributions to make to the Medicare and Medicaid systems as the population age structure continues to alter. Older people have a lot to offer in the way of knowledge and experience that can be included into healthcare project planning and execution (Jiang et al., 2021). In the
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healthcare system, the elderly may play an important part in lobbying and peer support programs,
where their first-hand experience can be used to impact policy and practice.
To improve the lives of seniors as a whole, community engagement projects should actively include seniors. Mentoring people via the healthcare system, volunteering in healthcare settings, and taking part in health education programs are all ways in which this may be accomplished (Jiang et al., 2021). Medicare and Medicaid programs may use the advantages of an older population to their advantage by identifying and promoting these potential contributions.
According to a study by Jiang et al., it's crucial to include the wisdom of the elderly into healthcare planning and programming. By allowing seniors to have a say in how their Medicare and Medicaid benefits are allocated, including their perspectives in policymaking processes guarantees that healthcare efforts will meet the varying requirements and preferences of the aging population.
2. Policy recommendations for enhancing the participation of the elderly in healthcare initiatives.
Policy proposals should be developed to provide an enabling environment that acknowledges and supports the potential contributions of aged adults within the Medicare and Medicaid programs to maximize their involvement. Establishing advisory panels made up of seniors who can shed light on the specific demands of an aging population should be a top priority for policymakers (Jiang et al., 2021).
In addition, healthcare policy frameworks should promote the development of mentoring programs in which seasoned seniors may help others navigate the system's intricacies. Elderly
17
people's desire to participate in efforts to improve healthcare services may be increased by incentives and recognition for those who take part in advocacy, volunteering, and peer support programs (Jiang et al., 2021).
It is essential, while working toward increasing the active engagement of senior people, to make sure that healthcare efforts are both accessible and welcoming to all people. According to Jiang et al. (2021), government policies should give top priority to the development of age-
friendly services and technology that cater to the varied demands of older persons and encourage
a feeling of independence and agency in those individuals. The incorporation of the concepts of universal design and accessibility into healthcare program design may result in the creation of settings that encourage senior citizens to take an active role in managing their own healthcare (
Choi, 2020).
V. Conclusion
In conclusion, an aging population has serious repercussions for programs like Medicare and Medicaid, necessitating an in-depth knowledge of demographic changes, healthcare expenses, and the function of healthcare institutions and personnel. Increases in both life expectancy and the percentage of the population that is old are reflected in recent demographic trends, calling for proactive measures to meet the special problems of an aging population (Keisler-Starkey & Bunch, 2020). Abdul-Hakim's economic study of the growing expenses of caring for the elderly highlights the need of adjusting healthcare systems to maintain their long-
term viability and efficiency (Abdul-Hakim, 2022). Healthcare businesses are leading this shift, facing infrastructural and staff competency issues. Healthcare organisations must adapt their models to meet the demands of the aging population, particularly the increased incidence of chronic illnesses and the need for specialised treatment (Liddell & Lilly, 2022). Crowley and
18
Shea's workforce development and infrastructure adaption strategies help healthcare companies proactively address these difficulties (Crowley et al., 2020; Shea, 2021). Human resources is crucial to managing Medicare and Medicaid's aging population. HR must strategically address workforce issues including training and diversity to educate healthcare personnel to offer high-
quality care to older persons (Shea et al., 2021; Carman et al., 2020). HR's role in building a resilient and competent healthcare staff is highlighted by recruiting, training, and retention tactics
(
Choi, 2020).
For a more inclusive and participatory healthcare environment, Medicare and Medicaid must recognize senior folks' potential responsibilities. According to Jiang et al., policies that encourage older persons to participate in healthcare projects create a healthcare system that recognizes their contributions (Jiang et al., 2021). Following these policy guidelines guarantees that the aging population not only receives healthcare but also actively participates in healthcare decision-making. The scriptural integration from Proverbs 20:29 emphasizes the beauty of gray hair and the particular capabilities elderly people offer to healthcare. Scripture reminds us to appreciate and cherish the elderly's experiences and contributions in healthcare as we manage the
problems and possibilities of an aging population. Finally, tackling Medicare and Medicaid's ageing population's effects demands a diverse and coordinated strategy. Understanding demographic trends, healthcare costs, organizational challenges, and the potential roles of elderly
people can help policymakers, healthcare leaders, and HR professionals create a responsive, inclusive, and sustainable healthcare system for an ageing population.
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References
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Brown, J., & Goda, G. S. (2023). Improving health care access for low-income Medicare
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Choi, J. H. (2020). Three Essays in Health Economics and Industrial Organization.
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ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
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International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
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