Review the chapter text about net worth terminology and Exhibit 3-3. 1. Find fou

Question

Review the chapter text about net worth terminology and Exhibit 3-3. 1. Find four separate health care organization’s net worth terms in published news sources such as The Wall Street Journal or Business Week. 2. Based on this information, comment on whether the net worth terms you have found appear to be referring to for-profit corporations; for-profit sole proprietors or partnerships, or not-for-profit companies. What led you to believe this? 3. If you were the author of these articles, would you have been more specific? If so, why? If not, why not?

Explanation / Answer

   1, Health care system made force for embrace value-based care..But many CEO not implementing this fee-for-service reimbursement based on volume..From long back hospitals for risk-based contracts only for small percentage of revenue..As per health care payment learning and action network and U.S department of health and human services reported that adopted is moving slowly than many hospitals and health system..
   For adoption in 2018 U.S centers for medicare and medicaid services(CMS) launched the regulation for medicare access and CHIP reauthorization Act of 2015(MACRA) private sector health plans to be improved further more..There is a positive reasons in hospitals,health systems and physicians facing some troubles..that is low pharmaceutical income for hospitals,low inpatient revenue due to increased number of insured and the economical reduction..
   Health care system have taken the risk based contracts with their plans..members in contracts are more suffer than those in the broader community..it gives them big risk..some hospitals using EHRs system long back..EHR gives warning to physician who prescribes a drug that can cause side effects with other medicine..Extracting data from EHR to improve the quality of care..Telehealth also one more technology which gives good outcome.But biggest barriers for this is lack of payment for visits..physicians are suffering for this..Health systems took initiatives for financial incentives for clinicians more effective..Vitual health and telehealth made good outcome with consumers..
Hospitals with highest patient scores 4.7%,low ratings score 1.8%..health care systems and hospitals can initiative by preventing diseases ans awreness and wellness program..hospitals and physicians can make home visit the patient for making them easy and comfortable.Executives can help the hopitals those who has taken risk-based contracts..it can help them to comeout of potential hazards and risk and it will give better outcome..
2,    Profit is one measurehow much you are meeting the patient 's needs..in a market entrepreneurs(owner of business enterprise) are making more profit..there are some possibilities like economic self interest of medicine,belief in private sector socialism and public sector socialism..non profot co-ops falls down due to little government subsidies..we must enroll everyone in medicare..in obama administration there is medicare advantage plans by independent doctor associations led by assuming large profits..profit motive in medicine is the profit entities from the medical market place is the major goal..there were only few for-profit hospitals in 1950s..Health insurance almost dominated everyone for non-profit entities..AMA doctors are advice to overchrge for patient with high-income than only low income people can pay less..
    Public option,times editors write that generate profits charge lower premiums than private plans.normal profit can provide good cost of capital..non profit and governement entities are not free but free understates the true of costs of goods and services can be given..

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.