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Hospice care: the business of providing a dignified death

CarleeMcCullough-160ON OUR WAY TO WEALTHY Be strong. Fight until the end. Never give up. Continue to pray.

If anyone close to you has ever experienced a life-threatening illness or accident, such phrases may have been used as encouragement.

Still, death is inevitable, with the business of providing a dignified death known as hospice care. Although often thought of as a physical place, hospice is a specific type of healthcare with the primary focus of providing the patient with comfort and palliative care. Palliative care refers to the relief of the pain, symptoms and stress of serious illness. Once the doctor and patient are in agreement that the illness can not be reversed, hospice care becomes a consideration.

Hospice care may be provided in the home or in a hospital, assisted living, veterans, prison or a long-term facility. Hospice is not designed to hasten or prevent death. It is an option that provides the patient with management of pain and symptoms, an increased quality of life, and also emotional and spiritual support. Ultimately, terminally ill patients in hospice are given the opportunity to choose the end-of-life care received.

From a business perspective, hospice care is a multimillion-dollar. Businesses are compensated based on enrollment. With little to no expenses earmarked for a cure, the profit margins tend to be great. A very profitable hospice business can be established with the appropriate resources, a solid business plan and knowledge of the industry or affiliation with professionals that possess the requisite knowledge.

 

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With diabetes on the rise, November is focus time

Chef Timothy Moore-160CHEF TIMOTHY October was Breast Cancer Awareness Month and November is National Diabetes Month. One reason they are back to back could be because the two diseases correlate with each other. It is estimated that American women with diabetes have a great possibility of developing breast cancer, especially in the African-American community.

Diabetes is an epidemic that is rapidly increasing each year. Even though we think of diabetes as a controllable disease, The Wall Street Journal reports that it appears to be growing out-of-control. The sixth leading cause of death in the United States, diabetes is moving closer to heart disease and cancer. If it continues to run rampant, in the near future it could be the number one killer disease.

According to estimates by the Centers for Disease Control (CDC), one third of the American population will be living with diabetes by the year 2050. The CDC also reports that one third of all children born in the United States since the year 2000 are at risk for developing this disease. Hispanic children have the greatest risk. The reason for this is poor diet, economic conditions, and not getting enough exercise, which improves the circulation and blood flow in the body.

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Preparing for medical expenses with an HSA

CharlesSimsJr-160According to a 2013 survey, almost 90 percent of middle-income Americans do not feel prepared to handle the financial cost of a critical illness. Most respondents said they would have to use their savings, but 75 percent had less than $20,000 in savings and 25 percent had no savings at all.

A critical illness can be especially challenging, but even healthy people with medical insurance can face substantial out-of-pocket expenses. The total health-care cost for a typical family of four covered by an employer-sponsored PPO insurance plan is $22,030 in 2013. More than 40 percent of this total – $9,144 – is paid by employees through payroll deductions and out-of-pocket expenditures.

One strategy that may help reduce health-care costs while saving for future expenses is to combine a high-deductible health plan (HDHP) with a health savings account (HSA).

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This week’s DVD releases - November 5, 2013

TheBigPicture Dyslexia-225Top Ten DVD List for Nov. 5, 2013

"The Big Picture: Rethinking Dyslexia"

"Home Is Where the Heart Is"

"American Experience: War of the Worlds"

"Hava Nagila: The Movie"

"Renoir"

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