Five Factors That Will Impact On The Cost Of Consumables
Five factors that will impact on the cost of consumables are length of stay in hospitals (hospital beds), ageing and growing of population, increased technological capability, improved access to healthcare, and societal changes reducing the availability of home care (Duckett & Willcox, 2011). The length of stay in hospitals impact on the cost of consumables because the longer the patient stays the more consumables (the products and services required) will be needed and hence the costs increase. For instance, there has been a decline of availability of beds and it is possible that one of the factors that contributed to this was the length of stay. The longer the patient stays the more beds are unavailable for those who need it at a specific time. Ageing and increase of the population also
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The increase of technological capability has also increased the demand for consumables as practitioners and other health professionals would want these advanced machines in their facilities to increase full treatment or better treatment options. It is obvious that the more efficient the technology is, the more expensive it is. Improved access to healthcare, such as Medicare and private health insurance, appears to allure patients to come in more often and have the health checked, as they know that they are covered. As more and more people are receiving it, there will be an increase of patients wanting service and therefore increasing the number of consumables and the cost funding for these products and services. Societal infrastructure changes that reduces the availability of home care, induces unavailable support from families and therefore elderlies are much more likely to be supported and served in hospitals and age care
The increase of technological capability has also increased the demand for consumables as practitioners and other health professionals would want these advanced machines in their facilities to increase full treatment or better treatment options. It is obvious that the more efficient the technology is, the more expensive it is. Improved access to healthcare, such as Medicare and private health insurance, appears to allure patients to come in more often and have the health checked, as they know that they are covered. As more and more people are receiving it, there will be an increase of patients wanting service and therefore increasing the number of consumables and the cost funding for these products and services. Societal infrastructure changes that reduces the availability of home care, induces unavailable support from families and therefore elderlies are much more likely to be supported and served in hospitals and age care