What was the motivation for changing the way physicians are compensated in the Medicare system? What are the implications for physicians' behavior as the resource-based relative value scale is fully implemented?

Q: How does having an effective payment model impact the role of a manager / administrators in a…

A: Effective Payment Model: Payment Model refers to the system of paying for the quantity of service…

Q: ost effective care to patients?

A: In the United States, managed care or managed health care refers to a set of actions aimed at…

Q: How does Medicare reimburse physician services?

A: Reimbursement is the process of paying back someone the expenses that they have incurred initially.…

Q: How to assess the financial condition of public hospitals. What financial indicators to use?

A: It is important for investors and internal management to assess the financial condition of public…

Q: the kind of outsourcing undertaken by American health care providers is a good thing or a bad thing…

A: Yes, the kind of outsourcing undertaken by American health care providers is a good thing for the…

Q: Think about the investment costs of advanced healthcare technology. What ethics theories can…

A: Investment in the advanced healthcare sector is required to introduce new and latest technology. The…

Q: 4a Describe the resource-based relative value scale payment method used by Medicare to reimburse…

A: The Centers for Medicare & Medicaid Services (CMS) and the majority of other payers implement…

Q: All of the following statements correctly describe a Health Care Spending Account (HCSA), EXCEPT: O…

A: The concept of health care spending account is account for employee benefit.this account states that…

Q: What are various costs of quality incurred by multispecialty hospital ?

A: The question is based on the concept of explaining the cost incurred to maintain quality in any…

Q: How might the structure and roles of finance departments in different healthcare settings differ?…

A: The role of healthcare financial department in the health care settings are different in accordance…

Q: 1. Cost shifting occurs when a provider responds to low reimbursement rates by public payers (e.g.,…

A: Cost-shifting is an economic scenario in which one person, organization, or government underpays for…

Q: What financial

A: The balance sheet shows the firm's financial position as of reporting date and the Statement of…

Q: Describe the importance of Revenue Cycle Management and the impact it can have on the healthcare…

A: Revenue Cycle Management (RCM) refers to the process of identifying, collecting and managing the…

Q: What do you think are the requirements for launching a terrific quality team? Identify an issue…

A: Quality  Healthcare quality must be improved. It should have organized and consistent activities…

Q: Why is financial ratio analysis crucial for understanding the financial position of a healthcare…

A: Importance of financial ratios for understanding the financial position of a healthcare organization…

Q: In the accounting for health care providers, what are third-party payors? Doctors who reduce fees…

A:

Q: How does price transparency impact the role of a manager / administrators in a healthcare…

A: Transparency in business refers to a situation where significant stuff is known to many. This…

Q: How much is the patient services revenue? How much is the operating revenue? How much is the total…

A: Patient revenue services includes charges for direct patient care such as doctor's fees,room…

Q: Have we made the payment structure of health care to complicated?

A: Health care providers are paid based on the quality of care they provide rather than…

Q: Q)Of the basic types of economic evaluation methodology , which of them addresses the following, and…

A: Economic methodology is defined as the study of the methods basically the scientific method, which…

Q: . How are solvency ratios used to provide guidance for health organizations?

A: The solvency ratios help in providing the exact image of financial leverage of the company. Leverage…

Q: How does Medicare reimburse hospitals for inpatient stays?

A: Reimbursement of expenses is the process through which the out-of-pocket expenses are compensated by…

Q: ategies that a hospital must do to achieve financ

A: Financial health is necessary for any organization and this is very important to maintain and grow…

Q: For-profit hospital management must strike a balance between their fiduciary responsibilities to the…

A: We can basically divide the hospitals into two categories, that are; for-profit hospitals and…

Q: The fact that most medical care purchases are financed through insurance:         has no effect on…

A: Medical expenses mean those expenses which are incurred by the people for the medical treatment.…

Q: In the accounting for health care providers, what are third-party payors?a. Doctors who reduce fees…

A: Third party payor's: Insurance companies and other groups.

Q: What have been the CONSEQUENCES of BC/BS conversion from not-for-profit to for-profit status in…

A: Blue Cross  Blue Cross is a name used by an association of health insurance plans throughout the…

Q: Is it possible for one hospital to have an income and expenditure account whereas another has a…

A: Is it possible for one hospital to have an income and expenditure account whereas another has a…

Q: newer innovative health financin

A: Innovative financing can enable private investors to participate in health more quickly and bring…

Q: Which costing system is extensively used in the service industry for hospitals, law firms, or…

A: Service industry for hospitals, law firms, or accounting firms would use the job order costing…

Q: nonfinancial performance measures

A: Nonfinancial performance measures are metrics used to measure the performance of an entity not…

Q: What have been the consequences of BC/BS conversion from not-for-profit to for-profit status in…

A: Consequences of BC/BS conversion form profit motive to non profit motive.   BC/BS an organisation…

Q: Question one Discuss the strengths and weakness of the Newer Innovative health financing mechanisms…

A: the healthcare movement has brought about positive changes in the society which has erase in…

Q: Which of he following stalements BEST describes the primary difference between a Health Maintenance…

A: A Health Maintenance Organization is a form of health insurance where the medical care is insured if…

Q: Write down the importance of time value of money for healthcare organization.

A: TVM is the concept which states that worth of money today is more than its worth in the future.

Q: Please describe the importance of financial information in healthcare organizations and list the…

A: Healthcare organizations, contrary to popular belief, need and require financial information in…

Q: In the context of the health insurance and the life insurance, choose the sentence that IS NOT…

A: Health Insurance: Health insurance is a type of insurance that is taken to cover the medical costs…

Q: Describe the major elements of the affordable care act. What problem is the legislation trying to…

A: Affordable care act: It is US Federal Statute passed by the 111th Congress but was signed into law…

Q: Which of he following stalements is CORRECT about benefits provided by a Basic Hospital and Surgical…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…