Healthcare Business Proposal Essay Example

Healthcare Business Proposal Essay Example Healthcare Business Proposal Paper Healthcare Business Proposal Paper Today the whole Healthcare system (NHS) is thread bare in front of us, more than 46 million Americans have no healthcare coverage and over 40 million have minimal coverage (Dennis Kucinich, 2005). 41% of moderate to middle class Americans went without health care cover for some part of the year in 2005 and a staggering 53% of those earning less than $20000 in 2005 went without insurance for the whole year. According to National Academy of Science Institute of Medicine almost 18000 Americans die each year due to lack of health care. Where it needs Improvement (Opportunity Analysis) According to Paul Krugman (2006), the present system of spends enough amount to cover for universal healthcare but delivers almost half the results. A large chunk of money spend today goes into bureaucracy and operational inefficiency rather than providing healthcare to the people in need. He further explained that in the present system the doctor referenced has two full time medical staff and another for billing and two office assistants spending half their time in collecting insurance information on 301 different private plans. This operational complication on an average result in 20% increase in cost and delays in providing help to the needed. No wonder with such inefficiencies American healthcare expense is twice per person compare to Canada which provides universal health care for all its citizens. To put things in perspective, today the country spends 15 % of its GDP on health care compare to 9 to 10 percent spent by most other advanced countries. Secondly as American companies’ global competitiveness has decreased due to outsourcing, more and more companies today are taking the path of not covering its employees with health insurance. Today the American companies which treat its employees properly are at disadvantage and government has not initiated any steps to encourage companies to provide health cover to its employees. Business Proposal: Starting an Electronic Healthcare Record Company As this year Nobel Peace Prize winner Md. Yunus showed that there is possibility of making a socially responsible and profitable business by working with the people who are at the bottom of the prosperity pyramid. The company is aim to maintain the electronic record of its customers across the country. Each customer will have a personal account and the company will handle not only the customer’s healthcare report, diagnostic tests report and other medication report but also will be available to all the hospitals in the country. This will reduce the doubling of expensive diagnostic tests and will provide doctors starting information. It will be extra beneficial in case of emergencies where the doctors have to take quick action and need the previous record of the patient. Secondly it will also bring down the operational cost which according to economist Paul Krugman is one of the main contributor to cost. Apart from maintaining health records in collaboration with the hospitals and customers the company will help the customer in getting information regarding the insurance policies and affiliated diagnostic centers, online medicine supply and other subsidiary health care services.