Given all that doctors do, it’s pretty easy to just assume that they’re superheroes who know everything about anything. It’s also pretty easy to assume that the better access to healthcare someone has, the healthier they are. However, these common understandings that people have about the healthcare and medical industry aren’t always the case. In fact, there are a great deal of things that many people automatically believe about doctors, nurses and healthcare at large that, when examined closely, aren’t actually true.
Taking A Closer Look At The Healthcare Industry With Our Lenders
In our blog post history, we’ve enjoyed addressing common myths and misunderstandings about a great deal of things as they relate to our lending services here at The Commercial Finance Group. So, in today’s post, we’re going to continue this tradition by breaking down some of the common healthcare myths about there. Why healthcare? The Commercial Finance Group provides effective healthcare receivables finance services for healthcare businesses and companies that are constricted by cash flow.
Our unique approach to lending working capital is specifically designed to improve our clients’ cash flow. With our easy and rapid lending solutions, as the owner of a healthcare business, your company can continue focusing on what you do best: providing valuable medical and wellness services to patients! Discover more about our receivables financing services and solutions by visiting here.
Myth: More Care Is Better Care
With certain things in life, too much of something good isn’t a bad thing, but when it comes to medical care, you really can have too much of a good thing. For instance, consider the routine use of antibiotics to treat sudden infections of the middle ear (acute otitis media, for those curious). This condition is actually the most common reason that antibiotics are prescribed for children in the United States, but most ear infections in children actually safely clear up on their own within a few days without antibiotic treatment.
If anything, treatment for pain relief may be all that is necessary in these cases. “Watchful waiting” is a good idea in these cases because even something as safe as antibiotics can cause their own set of complications like chronic infection or severe diarrhea. So, avoid hospitalization by moderating antibiotic consumption (any doctor should know this and know it well).
Myth: The U.S. Has The Best Healthcare System In The World
We’ll be honest; it’s pretty unbelievable that many people still seem to believe this. Alas, they do, despite the fact that the United States spends more both per capita and as a proportion of its total economy on healthcare than the 33 members of the Organization for Economic Cooperation and Development (OECD), getting the single poorest return on this investment.
It’s true that the public health achievements of the 20th century mean that more people are living to be at least 65 years of age (across the globe) than ever before. But back in 2006, the last year of complete OECD health data, the United States ranked 28th in continued life expectancy for women who had reached their 65th birthdays. At least the United States ranks highest among wealthy industrialized countries in survival from breast and prostate cancer, but that’s only a small part of the bigger healthcare industry picture.
Myth: Doctors Know Everything
Well…do you know as much as they do about what’s going on in your body? Probably not, but that doesn’t mean the doc has a comprehensive knowledge about all that there is to know. Doctors can study for many years and know a lot about a limited number of issues, but even the smartest of doctors around the world can only master so much information, let alone put it into practice. This rings more true in modern days than ever before as the amount of health information has grown far beyond the capacity of what a single human being could possibly know.
Indeed, given the rapid rate at which medical information is increasing and changing, the education that your doctor received back in medical school is most likely entirely obsolete by the time their internship is done. The cycle continues when you think about how the training during the internship is probably obsolete by the time they complete their residency. Doctors work extremely hard studying many years of their lives and their efforts should not go unnoticed, but remember that they’re human as well.
Myth: Healthcare Is Not Out For A Profit
Sad but true, nothing could be further from the truth. Healthcare is a business, and if you were to donate money to a hospital, it would be like donating money to a company like Wal-Mart. You’d be donating to a thriving business that does not need your money (but appreciated it nonetheless, we’re sure). While hospitals and other healthcare organizations certainly have incredible people who are genuinely passionate about patient care and keeping people alive and healthy, they’re also making a fair amount of money in the process. After all, it’s not like pay isn’t a factor when it comes to choosing a healthcare or medical-based profession.
Overcome Your Cash Flow Obstacles With The Commercial Finance Group
Medical and healthcare professionals need to focus their efforts on improving people’s health, not stressing about cash flow issues. Get in touch with The Commercial Finance Group today about our healthcare accounts receivable financing options and working capital credit facilities!
