How will the four forces that are likely to affect healthcare costs during the next 5 to 10 years make a difference to costs for a 500-bed hospital with a level-1 trauma center?

Four forces are:

Demographic population - Specifically elderly people on the rise

Variations in spending patterns - 80/20 rule (80% of the cost is incurred for 20% of the population)

Quality of life - The challenge of determining the value added versus non-value-added healthcare services

Complexity of the healthcare market - sub markets within markets

Answer rating: 100% (QA)

The four forces that are likely to affect healthcare costs during the next 5 to 10 years will significantly impact the costs of a 500bed hospital with a level1 trauma center Heres a breakdown of how e... View the full answer