Question

In: Finance

Write a 700- to 1,050-word paper in which you: Analyze a financial and economic issue in...

Write a 700- to 1,050-word paper in which you:

Analyze a financial and economic issue in the health care industry.
Choose a current financial or economic issue in the health care industry. Consider the following:
What are the economic trends of the health care payment system?
What are the supply and demand challenges for health care services?
Why are costs increasing in the health care system?
What regulatory issues are affecting, or will affect, the health care industry?
Analyze the issue and its financial impact on the health care industry.
Provide recommendations for improving the issue. Consider current strategies being used or presented for improving the issue.
Include what you believe would be the outcome of these recommendations if implemented.

Expert Solution

What are the economic trends of the health care payment system:

Healthcare payment system are the payment benefits made available to those who don't have insurance covers or to the ones to have insurance covers but their insurance doesn't cover that expenses. 3 economic trend could be listed as :1) consumer are to pay the major portion first then the healthcare providers.

2) confusion regarding payment of healthcare bills they are consumers are now a days so much aware they instantly switch their healthcare service providers if there exist any ambiguity regarding payment by a specific provider .

3) Adoption of electronic channels for making payment at consumers convenience

What are supply and demand challenges for health care services.

Demands:

Demand means desire to buy or consume something. In economic demand refers not only desire but also ability and willingness to buy goods and services

Law of demand:

The law of demand can be expressed in the mathematical terms that is D=f(p) where D represents demand, p represent price and F represent the function relationship.

Health care demand:

The demand for the healthcare is a derived demand from the demand for the health. Health care is demanded as a means for consumers to achieve a large stock of 'Health capital' . The demand for health is unlike most other goods because, individual allocate resource into consume and produce health.

Supply:

The term supply is nothing but anything which is offered for sale. In economic supply of a product during a given period of time means the quantities of goods which are offered for particular price

Law of supply:

The law of supply can be stated as " By keeping other factor constant supply expands with rise in Price and contract with fall in price ". The law of supply reflect the general tendency of the producers in offering their stock of a product for a sale in relation to the changing prices. It has been observed that usually sellers are willing to supply various directly with changes in Prices

Why are the cost increasing in healthcare?

1) population growth

2) population aging

3) medical utilization

4) service prices and intensity

5) disease Prevalence

What regulatory issues are affecting or will affect In the health care industry:

Such arrangements can results in legal issues related to Anti-kickback , antitrust, physician self referral prohibition , civil monetary penalties and medical regulations and laws.

jeff jeffy answered 2 years ago

Write a 700- to 1,050-word paper in which you describe childhood obesity

Write a 700- to 1,050-word paper that explains the objectives of capital investment decisions.

Write a 700- to 1,050-word paper that includes the following: Explain the primary sources of tax...

Write a 700- to 1,050-word paper that includes the following: Explain the primary sources of tax law. Define secondary sources of tax law. Define substantial authority. Describe the role of the courts and the Internal Revenue Service in interpreting and applying the sources of tax law

Write a 700- to 1,050-word paper that evaluates the impact of implementing Triple Aim goals nationally....

Write a 700- to 1,050-word paper that evaluates the impact of implementing Triple Aim goals nationally. Determine whether the three dimensions of Triple Aim would be achievable: Improving quality and satisfaction for the patient experience of care Improving the health of populations Reducing the per capita cost of health care

Write a 1,050 word paper on funding a business, in which you: Describe the various types...

Write a 1,050 word paper on funding a business, in which you: Describe the various types of funding available to a business, and include at least three examples. Explain the advantages and disadvantages of each type of funding. Identify the best source of funding for your business, and explain why you selected this source. Explain how you plan to grow and support the business over the next 3-5 years. Describe the major costs that you will need to cover prior...

Write a 700- to 1,050 word paper discussing the following: How do people communicate? Provide examples...

Write a 700- to 1,050 word paper discussing the following: How do people communicate? Provide examples of verbal and nonverbal communication. How do you communicate nonverbally? In what way can knowledge of nonverbal communication help your communication with others?

write a 700- to 1,050-word paper evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved.

select 1 of the economic concentrations (clusters) below:Hollywood movie industrywrite a 700- to 1,050-word paper evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:Analyze how the economic concentration in the area you chose was influenced by competition and pricing.Analyze how the economic concentration in the area you chose influenced the supply chain.Analyze which of the 4 factors of production were the...

Write a 700- to the 1,050-word policy brief on the effects the legislation will have on...

Write a 700- to the 1,050-word policy brief on the effects the legislation will have on hospitals and on the state’s population. Use the following structure when putting together your policy brief: the Title, Executive summary, (175 to 260 words) Recommendations, Introduction, State recommendation again, Body, Overview of problem, Review of relevant research, Application of research results the Policy implications, and Conclusion.

Write a 350- to 700-word paper comparing the impacts of fraudulent financial statements, asset misappropriation and...

Write a 350- to 700-word paper comparing the impacts of fraudulent financial statements, asset misappropriation and corruption on the organization. Include the following: How does each type of fraud impact the organization? Consider the relative frequency. Please help. I have been sick all week and having trouble finding the energy to get all my course work done. Also, I need it to include at least one reference.

Write an 800- to 1,050-word paper responding to the following: Identify and describe the stages of...

Write an 800- to 1,050-word paper responding to the following: Identify and describe the stages of team development. How might stronger team skills benefit you? How might you use teamwork skills in your job? Provide specific examples. What is it like to participate in a virtual meeting, such as web-based, teleconference, and so forth? Describe three ways in which this type of participation is different from participating in a face-to-face meeting.