Question

The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA)

Analyze the organization by identifying the sub-industry or type of organization it belongs to (e.g., home care, hospital) and the financial background of the organization.

Is the organization you selected a nonprofit or for-profit?

Finally, considering the sub-industry your organization belongs to, what kind of impact do the economic principles of demand and market/consumer behavior have on this organization’s financial statements?

For example, do the statements reflect a spike on revenue during the winter due to increased injuries and accidents related to ice?

Answer 1

MACRA, otherwise called perpetual doc fix, changes the manner in which installment is made to the specialists who treat Medicare patients , expanded subsidizing , expansion to the kid's medical coverage program .

HCA Healthcare based out of Nashville has been chosen for the investigation of this subject.

It is a revenue-driven association and one of the fortune 500 organizations with 30million+ patient experiences every year.

The law moves towards the "remunerating framework" which is very unique in relation to the model of "charge for administration".

This brings the potential  to decrease medical care costs , lower protection charges , improve the nature of administration gave to the patients

However, there are a few bottlenecks that the associations face.

More often than not, medical care is tied in with having coordinated effort with specialists, the executives, protection suppliers, and speculators.

Yet, this relationship gets tested at this point.

Additionally, the law requires the association to take a gander at the doctor's presentation by utilizing information and increase understanding into where he could perform better and report as needs be.

This implies there must be a product innovation that gets this, cooperation with various associations to share information and accumulate bits of knowledge from patients as well.

And afterward, there are occasional and pandemic impacts. Such things put a spike in the inflow of patients. Having such data and gauging would help in the long haul yet that implies they will likewise need to take a gander at the manners in which they could assemble such information and exploit.