Importance of Patient Perspectives in Clinical Decision-Making
I agree with you that the young child and the elderly patients need the same quality of care despite their age gap. Each patient is as important as the other is (McKinley & Boland, 2019). The cost of $ 750 K would devastate the given budget of $ 1 M. However; the cost would be necessary for various reasons. The first one is that life is priceless, and one could not put a price tag in the patients. Thus, the cost would be just because it was catering to a person’s life. Secondly, while dealing with the new illness case, the health care system can develop easier and efficient methods of treating a strange illness. Thus, it could save costs in the future and facilitate the treatment of such conditions in the future. However, it would also be wise to spare some funds, which could assist the treatment of other patients. In this regard, the alternative is to seek financial resources for the patient from external sources. If the child’s parents can afford the costs, then they would spare the team’s funds to facilitate other treatments.
On the issue of the iron triangle, costs, accessibility, and quality are always in a conflicting balance. Improving one factor will deteriorate at least one of the other factors (Issel, 2016). In this case, covering the patient’s costs of medication ($ 750K) will affect the accessibility because it will reduce the amount available for the other patients. To balance this effect, the family medical practice group can cover a part of the $ 750K cost and let the patient’s parents or other groups cover for the other part. In so doing, it will still retain some adequate funds to cater for the other patients.
Issel, L. M. (2016). The iron triangle: Guidelines, expertise, and patient-centered.
McKinley, S. K., & Boland, G. M. (2019). The Patient Speaks Importance of Patient Perspectives in Clinical Decision-Making. Annals of Surgical Oncology, 1-2.