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- How does the rule of price transparency apply to federally owned or operated hospitals (such as a Department of Veterans Affairs hospital)?
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- What are two potential drawbacks of the hospital price transparency rule for privately owned hospitals?What is the difference in the reimbursement cycle among long-term care facilities as compared to most other healthcare facilities?Healthcare administrators should be well versed on policies affecting healthcare financing at the federal and state levels. Healthcare organizations need to assess the financial impact that a volume-to-value transition (VVT) will cause to their facility, the staff, and the patients. Who benefits from moving healthcare from volume to value? What are the factors a healthcare administrator must take into consideration when deciding to transition to a volume-to-value model? How are the financial impacts HCOs face who are currently using this model?
- Using your own words, how would you define the term "value" in healthcare? When you thought of this definition, what factors did you take into account? The term value is almost always analyzed from an economic perspective. Please describe some conflicts embedded within the healthcare delivery system that drive up costs and reduce value. Please identify some reasons why attempts at cost control have not succeededcan anyone tell me what the overall role of healthcare financing is, focusing on the strategy of cost containment and how the delivery of healthcare has been impacted through the trend shift of fragmented care to managed care?Which types of hospitals practice cost shifting and which ones does not.
- Why do insurance companies practice things like restricting provider choice, gatekeeping, and pre-authorization?What important skills do future managers / administrators need to have to be able to manage price transparency in an healthcare organization.What are health savings accounts (HSAs)? How might they reduce the overconsumption of health care resulting from traditional insurance? How might they introduce an element of price competition into the health care system?
- Is tracking the costs of every health care encounter and comparing one physician’s costs to other physicians a reasonable strategy to reduce overall costs? What are the problems with this strategy?1.) A medical group has decided to develop an industrial medicine program for employers. This program would help in the treatment of on-the-job injuries, workers’ compensation requirements, health education, and toxicology analysis. The group has hired a new salesperson to approach a major furniture manufacturer about the program. In preparing for her first call, the salesperson makes a list of the possible members of the buying center. Prepare the list and explain each idea. Note-please do not list furniture manufacturers or companies!Many hospitals have recently complained of nursing shortages, where they cannot hire asmany nurses as they would like at the current salary. Which of these might be a cause orconsequence of the nursing shortage? Do not worry about the underlying facts; only whetherthe explanations make economic sense given our model. (Select all that apply from below) (a) The number of patients has increased, raising demand for nurses.(b) The number of patients has decreased, lowering demand for nurses.(c) Doctor’s salaries have risen, and nurses are a complement to doctors.(d) Doctor’s salaries have risen, and nurses are a substitute to doctors.(e) Nursing has flipped from an inferior good to a luxury good.(f) More people want to work as a nurse, raising the supply of nurses.(g) Fewer people want to work as as nurse, lowering the supply of nurses.(h) In a competitive equilibrium, the salary of nurses will rise.(i) In a competitive equilibrium, the salary of nurses will fall.(j) The nursing market…