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student umuc2

on 14 April 2014

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Transcript of MACTROTRENDS

Could personal lifestyle and behaviors lead to an increasing need for pharmacists?
Provisions promise job growth (A10)
Primary care providers optimistic with future payment models
Macro trends include the economy, demographic composition of the population, personal lifestyles and behaviors, technology, and Federal and state government policies. ~Dr. Wallis
Medicaid payment rates increase and physician outlook
The expanding role of the Pharmacist
The Affordable Care Act and Pediatricians
The reimbursement rate for Medicaid services is a disincentive of the pediatric profession. According to NASPGHAN, Medicaid is the largest payer of children's health services and still, the reimbursement is 30% less than Medicare.
To attract more pediatric physicians, the Affordable Care Act established a Medicaid payment provision to increase payments rates. As of January 1, 2013, the rates for primary care and immunization services are now equal to Medicare rates. This financial incentive will help to position the pediatric profession as a viable career.
Pharmacists are not only filling prescriptions, but they are also taking more an active role in the patient's well being.

Through constant communication with physicians and other pharmaceutical reps, as well as

educating patients on the medications prescribed. “And it is a profession that’s booming. The

number of pharmacist jobs in the U.S. rose 28 percent over the past 10 years to 281,560 in 2012,
Monday, February 17, 2014
Vol XCIII, No. 311
What the economy can tell us about health care jobs
Lessons Learned
The labor force is expected to decline in the next 10 years. According to Bureau of Labor Statistics (2013), “The overall labor force participation rate is projected to

decline from 63.7 percent in 2012 to 61.6 percent in 2022, continuing the trend from the

past decade” (p. 1). In other words, this means that since our work force is shrinking, our

economy will shrink as well. Thus, this will impact the support that physicians have on

hospitals and clinics. Therefore, making the profession of Nursing a high demand job.
According to the Congressional Budget Office (2014), “… the

growth of potential GDP over the next 10 years is much slower than the average since

1950. That difference stems primarily from demographic trends that have significantly reduced the growth of the labor force”.
Macrotrends and job growth in health care: In-demand jobs in 2020 with nursing at the forefront.
Full transcript