7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

1 Download9 Pages / 2,228 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:
Discuss about the Project Management for Planning Tools and Techniques.
 
 
Answer:

Introduction
The paper is mainly focusing the organization Mount Pleasant Hospital that has been facing trouble due to falls related problems in the case of patients (Ika, 2009). After having analysis it has been found that most of the patients injured due to injury belong to the group of old people.  Appropriate solution for reducing the problem must have to be evaluated through this overall process. Respective health care organization has already got some serious allegation from the health care community regarding the safety and security of the patients. Organizational data has clearly shown some facts that indicate management of the organization was unable to find out the suitable pathway to reduce the fall related problems from the organizational context.
Every project is proposed or raised for solving any kind of issues or problem. The Mount Pleasant Hotel has been facing trouble due to fall rate from a long period of time and the organization also faced some financial penalties. Due to this particular reason management of the healthcare unit has consulted with a project who could find out some fruitful solution for the organization. According to the views of management they are highly getting trouble for this issue and they need an urgent action on this matter. This could be said the prime reason behind the project initiation (Fortune et. al., 2011).
Project mission statement
Before making any kind of project a specific mission or vision related to the project must have to be presented. This project is initiated by Mount Pleasant Hospital for solving all fall related issues. The mission statement of this project has been mentioned below;
Prime goal of this organization or project is to evaluate a suitable plan by which any kind of fall related problem could be minimized. The process is mainly targeted to implement on the old people visit the hospital for treatment.
Prime vision of this health care organization is to eradicate fall related problems from the organizational premises. Through this process they want to sort out all kinds of shortcomings from the organizational process (Meredith Belbin, 2011).
These are the mission and vision statement of the respective organization.
 
Project goal, objective and strategies
Prime goal of the hospital is to evaluate and reduce the fall related problems in the hospital premises. The organization has the target to minimize this type of injury rate in the hospital premises.

Objective of the project
Specific: The goal of this project is to solve the fall related problems among the patients in the hospital.
Measurable: To observe the overall current health care condition and injury related data in this hospital.
Attainable: To reduce all kinds of obstacles from the health care premises.
Relevant: To increase the brand value of the hospital by evaluating this type of goal and issue.
Time-bound: proper time scheduling would have to be made for executing this type of project.
Project Strategies

Appropriate strategies must have to be needed for evaluating this type of project process. The project is mainly planned to overcome from all sorts of shortcomings. By the help of this project process all kinds of problems could be overcome (Muller, 2011). Project manager of the respective operation needs to use following steps and approaches;

A fruitful plan needs to be there which will incorporate the staffing related issues.
Special healthcare training must have to be needed for the staffs of the organization.
Some important technological tools like walker would be needed to sort out those problems.
Invest some possible amount of money for this type of operation.

These strategies must have to be implemented for the operation.
Deliverables
Deliverables are those milestones which must have to be followed and maintained in the project process. Project manager of an organization must have to focus on these issues so that a smooth flow in the organizational process could be maintained (Kerzner, 2013). Some of the important deliverables raised in this case has been mentioned in the following manner;

Prepare a health and safety guideline for the respective organization.
Hire technical support in the organization for maintaining safety and monitoring process.
Training and development of the care workers.
Implement a fruitful financial plan for this overall process.
Invent new procedures in the organizational premises.

These are the deliverables which must have to be followed by the management of the organization (Rosenau & Githens, 2011).
 
Work breakdown structure

Steps

Description

Expected  outcome

Carry out inspection the premises to identify any fall hazards

Hazards like loose electrical wire and loose items like trolleys in the patient areas that are not secured (Gido & Clements, 2014).

Identification of the hazards will lead to neutralizing the risk posed by them in the project.

identify any access related problem in all patient eras of the hospital  with proper supportive equipment like the walkers and canes

The loose ends of rugs, steep stairs, and lack of handrail in risky places or doors and floors only reachable by stairs that cannot be reached by a person using wheel chair or walker are the issues that need to be identified (Heagney, 2016).

The risk of the falls will be less if the proper access to the places are keep under supervision and safety measures installed.

Maintenance of individual equipment

The maintenance of the supportive equipment like bath chairs, toilet seat handles, walkers etcetera to be maintained professionally to ensure that the equipment does not contribute to the falls. The shoes that might cause the fall or smooth floor need to be replaced for the same reason (Heagney, 2016).

The incidents due to mechanical device failures will be minimized and the patients will be provided help based on their physical condition.

Mandatory eye exam and hearing exam foe all elderly patients

This will reduce risk of fall from lack of sight and hearing.

Patients will not be helped is the specific weaknesses are monitored.

Training of the staff

The staff need to be trained to handle all possible issues

Staffs will be more attentive and incidence of patients being unsupervised will decrease.

Allocation of monitoring equipment

The use of the fall sensors and CCTV cameras can be used while the riskier places like bathroom needs to be near the nurses’ station so that help is available if a person ventures to the bathroom.

The incidence of fall will lessen as the almost falls or balance will be recorded by devices and precaution or chances of fall can be determined. And the availability of help and supervision can lead to assistance of the patients (Fuller et. al., 2010)

Implement safe exercise programs

This will strengthen the legs of the patient which will reduce the chances of fall (Gido & Clements, 2014).

Stronger legs will support the person better and chance of misstep and balance problems will be addressed simultaneously.

Activity

Duration (days)

Carry out inspection the premises to identify any fall hazards

35

identify any access related problem in all patient eras of the hospital  with proper supportive equipment like the walkers and canes

45

Maintenance of individual equipment

56

Mandatory eye exam and hearing exam foe all elderly patients

36

Training of the staff

48

Allocation of monitoring equipment

25

Implement safe exercise programs

14

Others

5

Risk assessment
The risk assessment of the hospital would be quite important as the falls risks increasing occupancy of the hospital and increasing patient load and needs additional resources. The chance of external environment resulting into a fall and the medication side effects of muscle weakness are the different causes of the falls in the elderly as they are the preventable causes of fall. Medical issues like vertigo and health problems are other causes of fall. The risk assessment of the causes of fall can be based on their severity or effect and frequency and is represented in the risk matrix (Larson & Gray, 2011).

 

frequency

Impact

 

low

med

high

debilitating

Improper equipment

Personal vision and hearing issues

External factors

Serious injury

Maintenance issues

Staff inattention and lack of training

Lack of monitoring

Minor injury

Lack of supportive facilities like handrails and elevators

Medication related side effects

Inattention to falls  history

Project resources required
The project requirements for this project are not just financial but there needs to be skills professionals employed to identify and carry out the needed modification of the system ands and processes (Meredith & Mantel, 2011).
Financial resources: the financial resources required for the project are not limited as the needs will not be clear until the assessment stage is completed and there will need to be profession contract given to a specialist firm to ensure the hospital is made fall proof. So the equipment that will need to provide for mobility aid and monitoring should also be included in the expense.
Personnel needs: professional contractor to assess the needs and carry out the modifications. Specialist to install the surveillance equipment will be required and staff will need to be present to monitor the actions (Leach, 2014).
 
Project Sponsor
For executing any kind of project process appropriate structure would be highly needed. By the help of this process project manager of an organization could be able to run all sorts of activities in an efficient and effective manner (Kwak & Anbari, 2009). The paper is focusing on the Mount Pleasant Hospital and its safety issue regarding injury of patients. Many patients had to suffer due to fall issue. For this reason management of the organization has decided to implement a safety technique by which overall functionalities of the process could be improved. Some of the project sponsors have been mentioned below;

Governing Bodies: Governing bodies of the organization have the duty to raise funds for the process. They are said to be the main stakeholder in this kind of non-profit sector. Governing body of the organization must have to prepare suitable plan for evaluating ideas and procedures.
Investors: Investors are those people those invest money for getting better return. By the help of this process overall problems and shortcomings might be obsolete. Investors need to be promoted this safety related service in such way that this purpose could be accomplished.
Suppliers: Different smart elements like walker or rusty carpets would be used for delivering safe service to the patients. Management of the organization must have the duty to purchase this type of service from ethical and efficient suppliers.
Care workers: care workers of the health care business must have to adjust with challenging situation. Through this process they could be able to provide appropriate service to the patients.

In this type of case study, these two could be played the important role as project sponsors. By their strong support a fruitful outcome could be obtained (Schwalbe, 2015).
Budget

Sector of investment

Cost of the process in GBP

Steps

 

Carry out inspection the premises to identify any fall hazards

12000

identify any access related problem in all patient eras of the hospital  with proper supportive equipment like the walkers and canes

8000

Maintenance of individual equipment

16000

Mandatory eye exam and hearing exam foe all elderly patients

10000

Training of the staff

20000

Allocation of monitoring equipment

5000

Implement safe exercise programs

8000

Others

9000

Through the above mentioned table overall budget for implementing this process could be understood (Burke, 2013).
 
Communication and reporting
Appropriate communication plan need to be implemented for this process. Communication could be done through both verbal and non-verbal way. Care workers must verbally negotiate with the patients regarding their daily problems, besides they also have to report to the senior doctors of the hospital regarding the current condition of the patients in the case of healthcare context. On the other hand nonverbal communication could be made between the suppliers or investors. In this case terms and account details related issues could be discussed in a justified and simple manner. By the help of this way it could be expected that process can get success (Turner, 2014).
 
Reference
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.
Fortune, J., White, D., Jugdev, K. and Walker, D. (2011). Looking again at current practice in project management. International Journal of Managing Projects in Business, 4(4), 553-572.
Fuller, M., Valacich, J., & George, J. (2010). Information systems project management: A process and team approach. Prentice Hall Press.
Gido, J., & Clements, J. (2014). Successful project management. Nelson Education.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt Assn.
Ika, L.A. (2009). Project success as a topic in project management journals. Project Management Journal, 40(4), 6-19.
Kerzner, H. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Kwak, Y.H. & Anbari, F.T. (2009). Analyzing project management research: Perspectives from top management journals. International Journal of Project Management, 27(5), 435-446.
Larson, E. W., & Gray, C. F. (2011). Project management: The managerial process.
Leach, L. P. (2014). Critical chain project management. Artech House.
Meredith Belbin, R. (2011). Management teams: Why they succeed or fail. Human Resource Management International Digest, 19(3).
Meredith, J. R., & Mantel Jr, S. J. (2011). Project management: a managerial approach. John Wiley & Sons.
Muller, R. (2011). Project governance. Strategic Direction, 27(2).
Rosenau, M. D., & Githens, G. D. (2011). Successful project management: a step-by-step approach with practical examples. John Wiley & Sons.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Turner, J. R. (2014). The handbook of project-based management (Vol. 92). New York, NY: McGraw-hill.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 9 pages

PAY 6 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2018). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/project-management-planning-tools-and-techniques.

“Health Finance And Project Management.” My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/project-management-planning-tools-and-techniques.

My Assignment Help (2018) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/project-management-planning-tools-and-techniques[Accessed 19 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2018) accessed 19 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2018 [cited 19 December 2021]. Available from: https://myassignmenthelp.com/free-samples/project-management-planning-tools-and-techniques.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

For years now, MyAssignmenthelp.com is providing affordable essay help to millions of students worldwide. Our essay assistance services have helped us in assisting students with even the toughest essay assignments. We take pride in the fact that we cater the best assistance to search terms like help me with my essay. We offer affordable services in the fastest way possible. For our fast delivering services, students trust us with their urgent essay assignment needs. Two of our most popular essay writing services are maths essay help and English essay help.

Latest Project Management Samples

div#loaddata .card img {max-width: 100%;
}

SBM 1201 Project Scope, Time And Cost Management
Download :
0 | Pages :
12

Course Code: SBM1201
University: Asia Pacific International College

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
This project plan deals with the development of a fuel-efficient HHO Generator. The HHO fuel cells may appear to provide high fuel efficiency to the users. Nevertheless, there are a few confinements and focuses to be seen, as given beneath. This is to clear up that there is NO 100% substitution of petroleum derivative by including HHO cell. HHO gas is otherwise called Brown Gas, yet this is to illuminate that HHO gas is n…
Read
More
Tags:
Australia Footscray Management organisational behviour University of New South Wales Masters in Business Administration 

HS2061 Information Systems Project Management
Download :
0 | Pages :
9

Course Code: HS2061
University: Holmes Institute

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Case Overview:
The project owner of the Signed, sealed, delivered courier service is facing the problems of managing order of couriers in the synchronised manner. The project manager is incapable of managing central warehouse for the dispatching of products. The important information can be lost with the passage of time. The inventory management of the warehouse is the major concern for the owner of the company. He is looking forward …
Read
More

OPS 935 Project Management
Download :
0 | Pages :
11

Course Code: OPS935
University: University Of Wollongong

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
This essay explores the impacts of digital technologies on project management. It explores how adoption of digital technologies by companies for managing their project have affected their, project managers, human resource, business processes, timelines, deliverables, and practices  of risk management, people management and quality management.
Impact of Digital technologies on Project Management Practices
Digital te…
Read
More
Tags:
Australia Saint Kilda Management International Management University of New South Wales Masters in Business Administration 

ITC505 ICT Project Management
Download :
0 | Pages :
10

Course Code: ITC505
University: Charles Sturt University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers
Case Study- Social Media Research Center
Task-1: Project Charter
Project Objectives
The main objective of the project is to develop a web-based system within the organization “Social Media research Center”. It is analyzed that the Social Media research center wants to develop the web based system in order to connect people with the organization for promoting its research center. The web-based system that is developed conta…
Read
More
Tags:
Australia Alfredton Management IT Network Security  University of New South Wales Masters in Business Administration 

ITC505 ICT Project Management
Download :
0 | Pages :
7

Course Code: ITC505
University: Charles Sturt University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers
Part One- Project Name / Team / Description
Project Name:
RALS Solution
Team Name:
Consultants for RALS
Project Description:
RALS organizes show for the farmers and other related small business persons to display their latest technology equipment for betterment in the field of agriculture and crop production. The show has different types of stalls and other facilities for which many volunteers …
Read
More

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
×

Powered by WhatsApp Chat

× How can I help you?

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

1 Download9 Pages / 2,228 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:
Discuss about the Project Management for Planning Tools and Techniques.
 
 
Answer:

Introduction
The paper is mainly focusing the organization Mount Pleasant Hospital that has been facing trouble due to falls related problems in the case of patients (Ika, 2009). After having analysis it has been found that most of the patients injured due to injury belong to the group of old people.  Appropriate solution for reducing the problem must have to be evaluated through this overall process. Respective health care organization has already got some serious allegation from the health care community regarding the safety and security of the patients. Organizational data has clearly shown some facts that indicate management of the organization was unable to find out the suitable pathway to reduce the fall related problems from the organizational context.
Every project is proposed or raised for solving any kind of issues or problem. The Mount Pleasant Hotel has been facing trouble due to fall rate from a long period of time and the organization also faced some financial penalties. Due to this particular reason management of the healthcare unit has consulted with a project who could find out some fruitful solution for the organization. According to the views of management they are highly getting trouble for this issue and they need an urgent action on this matter. This could be said the prime reason behind the project initiation (Fortune et. al., 2011).
Project mission statement
Before making any kind of project a specific mission or vision related to the project must have to be presented. This project is initiated by Mount Pleasant Hospital for solving all fall related issues. The mission statement of this project has been mentioned below;
Prime goal of this organization or project is to evaluate a suitable plan by which any kind of fall related problem could be minimized. The process is mainly targeted to implement on the old people visit the hospital for treatment.
Prime vision of this health care organization is to eradicate fall related problems from the organizational premises. Through this process they want to sort out all kinds of shortcomings from the organizational process (Meredith Belbin, 2011).
These are the mission and vision statement of the respective organization.
 
Project goal, objective and strategies
Prime goal of the hospital is to evaluate and reduce the fall related problems in the hospital premises. The organization has the target to minimize this type of injury rate in the hospital premises.

Objective of the project
Specific: The goal of this project is to solve the fall related problems among the patients in the hospital.
Measurable: To observe the overall current health care condition and injury related data in this hospital.
Attainable: To reduce all kinds of obstacles from the health care premises.
Relevant: To increase the brand value of the hospital by evaluating this type of goal and issue.
Time-bound: proper time scheduling would have to be made for executing this type of project.
Project Strategies

Appropriate strategies must have to be needed for evaluating this type of project process. The project is mainly planned to overcome from all sorts of shortcomings. By the help of this project process all kinds of problems could be overcome (Muller, 2011). Project manager of the respective operation needs to use following steps and approaches;

A fruitful plan needs to be there which will incorporate the staffing related issues.
Special healthcare training must have to be needed for the staffs of the organization.
Some important technological tools like walker would be needed to sort out those problems.
Invest some possible amount of money for this type of operation.

These strategies must have to be implemented for the operation.
Deliverables
Deliverables are those milestones which must have to be followed and maintained in the project process. Project manager of an organization must have to focus on these issues so that a smooth flow in the organizational process could be maintained (Kerzner, 2013). Some of the important deliverables raised in this case has been mentioned in the following manner;

Prepare a health and safety guideline for the respective organization.
Hire technical support in the organization for maintaining safety and monitoring process.
Training and development of the care workers.
Implement a fruitful financial plan for this overall process.
Invent new procedures in the organizational premises.

These are the deliverables which must have to be followed by the management of the organization (Rosenau & Githens, 2011).
 
Work breakdown structure

Steps

Description

Expected  outcome

Carry out inspection the premises to identify any fall hazards

Hazards like loose electrical wire and loose items like trolleys in the patient areas that are not secured (Gido & Clements, 2014).

Identification of the hazards will lead to neutralizing the risk posed by them in the project.

identify any access related problem in all patient eras of the hospital  with proper supportive equipment like the walkers and canes

The loose ends of rugs, steep stairs, and lack of handrail in risky places or doors and floors only reachable by stairs that cannot be reached by a person using wheel chair or walker are the issues that need to be identified (Heagney, 2016).

The risk of the falls will be less if the proper access to the places are keep under supervision and safety measures installed.

Maintenance of individual equipment

The maintenance of the supportive equipment like bath chairs, toilet seat handles, walkers etcetera to be maintained professionally to ensure that the equipment does not contribute to the falls. The shoes that might cause the fall or smooth floor need to be replaced for the same reason (Heagney, 2016).

The incidents due to mechanical device failures will be minimized and the patients will be provided help based on their physical condition.

Mandatory eye exam and hearing exam foe all elderly patients

This will reduce risk of fall from lack of sight and hearing.

Patients will not be helped is the specific weaknesses are monitored.

Training of the staff

The staff need to be trained to handle all possible issues

Staffs will be more attentive and incidence of patients being unsupervised will decrease.

Allocation of monitoring equipment

The use of the fall sensors and CCTV cameras can be used while the riskier places like bathroom needs to be near the nurses’ station so that help is available if a person ventures to the bathroom.

The incidence of fall will lessen as the almost falls or balance will be recorded by devices and precaution or chances of fall can be determined. And the availability of help and supervision can lead to assistance of the patients (Fuller et. al., 2010)

Implement safe exercise programs

This will strengthen the legs of the patient which will reduce the chances of fall (Gido & Clements, 2014).

Stronger legs will support the person better and chance of misstep and balance problems will be addressed simultaneously.

Activity

Duration (days)

Carry out inspection the premises to identify any fall hazards

35

identify any access related problem in all patient eras of the hospital  with proper supportive equipment like the walkers and canes

45

Maintenance of individual equipment

56

Mandatory eye exam and hearing exam foe all elderly patients

36

Training of the staff

48

Allocation of monitoring equipment

25

Implement safe exercise programs

14

Others

5

Risk assessment
The risk assessment of the hospital would be quite important as the falls risks increasing occupancy of the hospital and increasing patient load and needs additional resources. The chance of external environment resulting into a fall and the medication side effects of muscle weakness are the different causes of the falls in the elderly as they are the preventable causes of fall. Medical issues like vertigo and health problems are other causes of fall. The risk assessment of the causes of fall can be based on their severity or effect and frequency and is represented in the risk matrix (Larson & Gray, 2011).

 

frequency

Impact

 

low

med

high

debilitating

Improper equipment

Personal vision and hearing issues

External factors

Serious injury

Maintenance issues

Staff inattention and lack of training

Lack of monitoring

Minor injury

Lack of supportive facilities like handrails and elevators

Medication related side effects

Inattention to falls  history

Project resources required
The project requirements for this project are not just financial but there needs to be skills professionals employed to identify and carry out the needed modification of the system ands and processes (Meredith & Mantel, 2011).
Financial resources: the financial resources required for the project are not limited as the needs will not be clear until the assessment stage is completed and there will need to be profession contract given to a specialist firm to ensure the hospital is made fall proof. So the equipment that will need to provide for mobility aid and monitoring should also be included in the expense.
Personnel needs: professional contractor to assess the needs and carry out the modifications. Specialist to install the surveillance equipment will be required and staff will need to be present to monitor the actions (Leach, 2014).
 
Project Sponsor
For executing any kind of project process appropriate structure would be highly needed. By the help of this process project manager of an organization could be able to run all sorts of activities in an efficient and effective manner (Kwak & Anbari, 2009). The paper is focusing on the Mount Pleasant Hospital and its safety issue regarding injury of patients. Many patients had to suffer due to fall issue. For this reason management of the organization has decided to implement a safety technique by which overall functionalities of the process could be improved. Some of the project sponsors have been mentioned below;

Governing Bodies: Governing bodies of the organization have the duty to raise funds for the process. They are said to be the main stakeholder in this kind of non-profit sector. Governing body of the organization must have to prepare suitable plan for evaluating ideas and procedures.
Investors: Investors are those people those invest money for getting better return. By the help of this process overall problems and shortcomings might be obsolete. Investors need to be promoted this safety related service in such way that this purpose could be accomplished.
Suppliers: Different smart elements like walker or rusty carpets would be used for delivering safe service to the patients. Management of the organization must have the duty to purchase this type of service from ethical and efficient suppliers.
Care workers: care workers of the health care business must have to adjust with challenging situation. Through this process they could be able to provide appropriate service to the patients.

In this type of case study, these two could be played the important role as project sponsors. By their strong support a fruitful outcome could be obtained (Schwalbe, 2015).
Budget

Sector of investment

Cost of the process in GBP

Steps

 

Carry out inspection the premises to identify any fall hazards

12000

identify any access related problem in all patient eras of the hospital  with proper supportive equipment like the walkers and canes

8000

Maintenance of individual equipment

16000

Mandatory eye exam and hearing exam foe all elderly patients

10000

Training of the staff

20000

Allocation of monitoring equipment

5000

Implement safe exercise programs

8000

Others

9000

Through the above mentioned table overall budget for implementing this process could be understood (Burke, 2013).
 
Communication and reporting
Appropriate communication plan need to be implemented for this process. Communication could be done through both verbal and non-verbal way. Care workers must verbally negotiate with the patients regarding their daily problems, besides they also have to report to the senior doctors of the hospital regarding the current condition of the patients in the case of healthcare context. On the other hand nonverbal communication could be made between the suppliers or investors. In this case terms and account details related issues could be discussed in a justified and simple manner. By the help of this way it could be expected that process can get success (Turner, 2014).
 
Reference
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.
Fortune, J., White, D., Jugdev, K. and Walker, D. (2011). Looking again at current practice in project management. International Journal of Managing Projects in Business, 4(4), 553-572.
Fuller, M., Valacich, J., & George, J. (2010). Information systems project management: A process and team approach. Prentice Hall Press.
Gido, J., & Clements, J. (2014). Successful project management. Nelson Education.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt Assn.
Ika, L.A. (2009). Project success as a topic in project management journals. Project Management Journal, 40(4), 6-19.
Kerzner, H. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Kwak, Y.H. & Anbari, F.T. (2009). Analyzing project management research: Perspectives from top management journals. International Journal of Project Management, 27(5), 435-446.
Larson, E. W., & Gray, C. F. (2011). Project management: The managerial process.
Leach, L. P. (2014). Critical chain project management. Artech House.
Meredith Belbin, R. (2011). Management teams: Why they succeed or fail. Human Resource Management International Digest, 19(3).
Meredith, J. R., & Mantel Jr, S. J. (2011). Project management: a managerial approach. John Wiley & Sons.
Muller, R. (2011). Project governance. Strategic Direction, 27(2).
Rosenau, M. D., & Githens, G. D. (2011). Successful project management: a step-by-step approach with practical examples. John Wiley & Sons.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Turner, J. R. (2014). The handbook of project-based management (Vol. 92). New York, NY: McGraw-hill.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 9 pages

PAY 6 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2018). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/project-management-planning-tools-and-techniques.

“Health Finance And Project Management.” My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/project-management-planning-tools-and-techniques.

My Assignment Help (2018) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/project-management-planning-tools-and-techniques[Accessed 19 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2018) accessed 19 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2018 [cited 19 December 2021]. Available from: https://myassignmenthelp.com/free-samples/project-management-planning-tools-and-techniques.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

For years now, MyAssignmenthelp.com is providing affordable essay help to millions of students worldwide. Our essay assistance services have helped us in assisting students with even the toughest essay assignments. We take pride in the fact that we cater the best assistance to search terms like help me with my essay. We offer affordable services in the fastest way possible. For our fast delivering services, students trust us with their urgent essay assignment needs. Two of our most popular essay writing services are maths essay help and English essay help.

Latest Project Management Samples

div#loaddata .card img {max-width: 100%;
}

SBM 1201 Project Scope, Time And Cost Management
Download :
0 | Pages :
12

Course Code: SBM1201
University: Asia Pacific International College

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
This project plan deals with the development of a fuel-efficient HHO Generator. The HHO fuel cells may appear to provide high fuel efficiency to the users. Nevertheless, there are a few confinements and focuses to be seen, as given beneath. This is to clear up that there is NO 100% substitution of petroleum derivative by including HHO cell. HHO gas is otherwise called Brown Gas, yet this is to illuminate that HHO gas is n…
Read
More
Tags:
Australia Footscray Management organisational behviour University of New South Wales Masters in Business Administration 

HS2061 Information Systems Project Management
Download :
0 | Pages :
9

Course Code: HS2061
University: Holmes Institute

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Case Overview:
The project owner of the Signed, sealed, delivered courier service is facing the problems of managing order of couriers in the synchronised manner. The project manager is incapable of managing central warehouse for the dispatching of products. The important information can be lost with the passage of time. The inventory management of the warehouse is the major concern for the owner of the company. He is looking forward …
Read
More

OPS 935 Project Management
Download :
0 | Pages :
11

Course Code: OPS935
University: University Of Wollongong

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
This essay explores the impacts of digital technologies on project management. It explores how adoption of digital technologies by companies for managing their project have affected their, project managers, human resource, business processes, timelines, deliverables, and practices  of risk management, people management and quality management.
Impact of Digital technologies on Project Management Practices
Digital te…
Read
More
Tags:
Australia Saint Kilda Management International Management University of New South Wales Masters in Business Administration 

ITC505 ICT Project Management
Download :
0 | Pages :
10

Course Code: ITC505
University: Charles Sturt University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers
Case Study- Social Media Research Center
Task-1: Project Charter
Project Objectives
The main objective of the project is to develop a web-based system within the organization “Social Media research Center”. It is analyzed that the Social Media research center wants to develop the web based system in order to connect people with the organization for promoting its research center. The web-based system that is developed conta…
Read
More
Tags:
Australia Alfredton Management IT Network Security  University of New South Wales Masters in Business Administration 

ITC505 ICT Project Management
Download :
0 | Pages :
7

Course Code: ITC505
University: Charles Sturt University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers
Part One- Project Name / Team / Description
Project Name:
RALS Solution
Team Name:
Consultants for RALS
Project Description:
RALS organizes show for the farmers and other related small business persons to display their latest technology equipment for betterment in the field of agriculture and crop production. The show has different types of stalls and other facilities for which many volunteers …
Read
More

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

0 Download7 Pages / 1,513 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

Topic 1: Innovations in Health Finance Area.
 
Health finance area is very dynamic. As follows, your research paper could be based on recent innovations in health finance area. Understanding the importance and role of innovation in finance in general and in healthcare in particular is critical in this course. Your project could be prepared in one of the following two areas: 
 
1. Discuss the potential and possibilities for increasing revenue, reducing costs, effectively managing cash flow or increasing reimbursement for providers in the light of the recent legislation changes through innovative approaches.
2. Share your insight on innovative provider payment methods that have or are expected to alter the nature of medical care industry radically on its financial side. Students are asked to (2.1) identify the characteristics of the payment system, and strategies payers and providers use to reduce their financial risk (payment system and pricing strategies) and (2.2) to discuss the new wave of innovations in health care payment systems related to the provider payment system.

Answer:

Introduction
Health financing areas plays an important role for the purpose of reaching universal health coverage. Health financing aims at moving closer to universal health coverage that lies in three interrelated area namely raising of funds for health purposes, reduction of financial barriers for accessing prepayment and pooling of funds for the purpose of directing out- of pocket payments, allocation of funds in a manner that promotes equity and efficiency (Cleverley, 2017).
Health financing areas are required to be developed in order to make health services available and affordable for everyone. This report focuses on the characteristics of payment system and strategies used by providers and payers for reducing financial risk along with the innovations in health care payment systems.
Characteristics of Payment Systems
Following are the characteristics of Payment Systems-
Anonymity- this characteristic is related to whether the payment model is anonymous or not. In other words, it provides whether third party is capable to track the parties involved in payment transaction or not.  The identity of the parties is required to be protected. On the other hand, the monitoring of individual spending patterns and source of income should not be possible (Doherty, 2015).
Security- this characteristic provides whether the payment system is secured or it can easily perpetrate forged payment. Actual money is involved in the payments and therefore it also act as the major targets for criminals. With the increased use online payment system through the use of internet, modification of messages and eavesdropping is easy, therefore, resistance to attack in the environment is required.
Overhead Cost- this includes the overhead cost involved in payment processing. Such overhead costs are required to be reduced by taking certain steps such as reducing the risk of fraud relating to credit cards, cutting out the middlemen, proper setting of terminal and merchant account and negotiating with the processors (Bozic, 2015).
Ease of Use- payment systems should be such that they can be easily operated with the users. There should be no interruption caused to the users regarding the payment information and there should be automation in most of the payments. Also, it should provide convenience to the users regarding easy monitoring of the spending made by them without making any extra efforts.     
Acceptability- it provides whether the payment method is globally supported or not or is only valid for closed group only. In other words, payment mechanisms are useful when they are widely accepted and a number of things can be bought with it. As long as online payment systems are concerned, when multiple servers support payment mechanisms, the transaction of business becomes easy by the users of one server with the users of other servers (Smith & Moore, 2017).    
Strategies used by Payers and Providers for reducing Financial Risk
Payers and providers are adopting certain strategies for the purpose of reducing the financial risk suffered by them. The shift to value based payment from volume based payment has changed the financial incentives in the industry dealing with health care. Payment initiatives such as Medicare Access and Reauthorization Act (MACRA) and Bundled Payments for Care Improvement (BPCI) which reflect Medicare policy that aims at promotion of collaborative and cross- functional care models (Doran & Zabinski, 2015).
Providers enter in collaboration with the patients on anticipated outcomes but offer a discrete set of services. The biggest challenge of value- based care is the determination of the exact definition of value. The financial risk can be mitigated by reducing a variety of factors that are responsible for undermining the success of the program. Provider roles, care models, payment structures and patient expectations are also expected to alter according to value- based care. Providers focus on their expertise, making implementation of programs related to value- based care in the specialty areas in which the providers have expertise. 
Healthcare payers make the use of value- based care for the purpose of transitioning the financial risk away and place burden on the providers regarding making decisions in a smart manner about utilization. This strategy used by the payer allow them to ensure that the providers are not paid for the number of services performed by them, instead, they are paid for effectively managing and reducing healthcare costs and improving patient outcomes (Quinn, 2015).
More financial risk is faced in the models such as bundled payments in which set price is required to be reimbursed for the episodes of care by the payers and savings can be earned by the providers by way of lowering the cost of care or losing the difference between budgeted costs and actual costs. The pricing strategies of the providers are based on the competition. Competition lowers the prices set by the providers. Also, they aim at communicating value by maintaining price transparency (Roland & Dudley, 2015).
Innovations in Healthcare Provider Payment System
A number of innovations have recently resulted in the health finance area. Payments offer freedom to the provider groups regarding the development of their own strategies in order to keep the costs down. However, the three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.
Bundled payments- bundled activities are the recent innovation which is grouped into a single tariff and covers both chronic and acute care conditions. Bundled payments for chronic conditions, for episodes of care or related to particular medical treatment or condition grouped for the purpose of treatment, aims at improving the quality of care and reducing costs. These innovations promises improvements but actual results will be dependent upon episode targeted or condition (Bozic, Ward, Vail & Maze, 2014).
Population- based payment- In population- based payments, payments are received by the groups of health providers based on the population covered, for the purpose of providing better healthcare services to the population with the help of cost containment requirements and built- in quality. Population- based payments form part of broad health policy reform comprising legal/ legislative changes.  A number of factors such as rules for savings distribution and maximum pay out or cap are there on which the financial exposure to payers depends (Rudin, Bates & MacRae, 2016).
Add- on payments- this innovation is at the top of all the existing payment methods for bringing coordination in the activities or paying for performance that focuses on improving the quality of care. Such payments are easy to be implemented with few data exchanges and IT investments. There is small administrative burden of these innovations. These are being found mainly in primary care but are now also spreading to acute hospitals and specialists (Outterson, Powers, Daniel & McClellan, 2015).                 
Conclusion
Therefore, it can be concluded that there is dynamism in the health finance area. The report focused on the different characteristics of the payment system such as anonymity, security, overhead cost, ease of use and acceptability. Also it provided the strategies used by the providers and payers for the purpose of reducing the financial risk. Value- based care is being used by the payers and the providers for transitioning the financial risk away. Furthermore, freedom is offered to the providers with the help of payments regarding the development of their own strategies for keeping the costs to minimum. The three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.    
It is recommended that the payments systems should be aligned with rewards and the providers should aim at showcasing their quality.
References
Bozic, K. J. (2015). The role of the payment system in improving value in healthcare. The Journal of arthroplasty, 30(3), 341-342.
Bozic, K. J., Ward, L., Vail, T. P., & Maze, M. (2014). Bundled payments in total joint arthroplasty: targeting opportunities for quality improvement and cost reduction. Clinical Orthopaedics and Related Research, 472(1), 188-193.
Cleverley, W. O. (2017). Essentials of health care finance. Jones & Bartlett Learning.
Doherty, R. B. (2015). Goodbye, sustainable growth rate—Hello, merit-based incentive payment system. Annals of internal medicine, 163(2), 138-139.
Doran, J. P., & Zabinski, S. J. (2015). Bundled payment initiatives for Medicare and non-Medicare total joint arthroplasty patients at a community hospital: bundles in the real world. The Journal of arthroplasty, 30(3), 353-355.
Outterson, K., Powers, J. H., Daniel, G. W., & McClellan, M. B. (2015). Repairing the broken market for antibiotic innovation. Health affairs, 34(2), 277-285.
Quinn, K. (2015). The 8 basic payment methods in health care. Annals of internal medicine, 163(4), 300-306.
Roland, M., & Dudley, R. A. (2015). How financial and reputational incentives can be used to improve medical care. Health services research, 50, 2090-2115.
Rudin, R. S., Bates, D. W., & MacRae, C. (2016). Accelerating innovation in health IT. N Engl J Med, 375(9), 815-7.
Smith, D. M., & Moore, L. G. (2017). the role of HCCs in a value-based payment system: Appropriate documentation and coding of hierarchical condition categories (HCCs) can have a significant impact on payment in a value–based system. Healthcare Financial Management, 71(10), 45-52.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 7 pages

PAY 4 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

We offer reliable academic writing service for all forms of assignments at MyAssignmenthelp.com. From dissertations to college essays, you will find all sorts of help all under one roof. Many students get confused with the right research paper outline and end up delivering an improper document. Our experts, on the other hand, are well-versed with the right guidelines for your assignments. Thus, do not hesitate to type ‘write my paper’ on our live chat portal. Let us know about your order requirements and we will send you the customised price quote instantly. Gear up for an A+ with our services.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

0 Download7 Pages / 1,513 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

Topic 1: Innovations in Health Finance Area.
 
Health finance area is very dynamic. As follows, your research paper could be based on recent innovations in health finance area. Understanding the importance and role of innovation in finance in general and in healthcare in particular is critical in this course. Your project could be prepared in one of the following two areas: 
 
1. Discuss the potential and possibilities for increasing revenue, reducing costs, effectively managing cash flow or increasing reimbursement for providers in the light of the recent legislation changes through innovative approaches.
2. Share your insight on innovative provider payment methods that have or are expected to alter the nature of medical care industry radically on its financial side. Students are asked to (2.1) identify the characteristics of the payment system, and strategies payers and providers use to reduce their financial risk (payment system and pricing strategies) and (2.2) to discuss the new wave of innovations in health care payment systems related to the provider payment system.

Answer:

Introduction
Health financing areas plays an important role for the purpose of reaching universal health coverage. Health financing aims at moving closer to universal health coverage that lies in three interrelated area namely raising of funds for health purposes, reduction of financial barriers for accessing prepayment and pooling of funds for the purpose of directing out- of pocket payments, allocation of funds in a manner that promotes equity and efficiency (Cleverley, 2017).
Health financing areas are required to be developed in order to make health services available and affordable for everyone. This report focuses on the characteristics of payment system and strategies used by providers and payers for reducing financial risk along with the innovations in health care payment systems.
Characteristics of Payment Systems
Following are the characteristics of Payment Systems-
Anonymity- this characteristic is related to whether the payment model is anonymous or not. In other words, it provides whether third party is capable to track the parties involved in payment transaction or not.  The identity of the parties is required to be protected. On the other hand, the monitoring of individual spending patterns and source of income should not be possible (Doherty, 2015).
Security- this characteristic provides whether the payment system is secured or it can easily perpetrate forged payment. Actual money is involved in the payments and therefore it also act as the major targets for criminals. With the increased use online payment system through the use of internet, modification of messages and eavesdropping is easy, therefore, resistance to attack in the environment is required.
Overhead Cost- this includes the overhead cost involved in payment processing. Such overhead costs are required to be reduced by taking certain steps such as reducing the risk of fraud relating to credit cards, cutting out the middlemen, proper setting of terminal and merchant account and negotiating with the processors (Bozic, 2015).
Ease of Use- payment systems should be such that they can be easily operated with the users. There should be no interruption caused to the users regarding the payment information and there should be automation in most of the payments. Also, it should provide convenience to the users regarding easy monitoring of the spending made by them without making any extra efforts.     
Acceptability- it provides whether the payment method is globally supported or not or is only valid for closed group only. In other words, payment mechanisms are useful when they are widely accepted and a number of things can be bought with it. As long as online payment systems are concerned, when multiple servers support payment mechanisms, the transaction of business becomes easy by the users of one server with the users of other servers (Smith & Moore, 2017).    
Strategies used by Payers and Providers for reducing Financial Risk
Payers and providers are adopting certain strategies for the purpose of reducing the financial risk suffered by them. The shift to value based payment from volume based payment has changed the financial incentives in the industry dealing with health care. Payment initiatives such as Medicare Access and Reauthorization Act (MACRA) and Bundled Payments for Care Improvement (BPCI) which reflect Medicare policy that aims at promotion of collaborative and cross- functional care models (Doran & Zabinski, 2015).
Providers enter in collaboration with the patients on anticipated outcomes but offer a discrete set of services. The biggest challenge of value- based care is the determination of the exact definition of value. The financial risk can be mitigated by reducing a variety of factors that are responsible for undermining the success of the program. Provider roles, care models, payment structures and patient expectations are also expected to alter according to value- based care. Providers focus on their expertise, making implementation of programs related to value- based care in the specialty areas in which the providers have expertise. 
Healthcare payers make the use of value- based care for the purpose of transitioning the financial risk away and place burden on the providers regarding making decisions in a smart manner about utilization. This strategy used by the payer allow them to ensure that the providers are not paid for the number of services performed by them, instead, they are paid for effectively managing and reducing healthcare costs and improving patient outcomes (Quinn, 2015).
More financial risk is faced in the models such as bundled payments in which set price is required to be reimbursed for the episodes of care by the payers and savings can be earned by the providers by way of lowering the cost of care or losing the difference between budgeted costs and actual costs. The pricing strategies of the providers are based on the competition. Competition lowers the prices set by the providers. Also, they aim at communicating value by maintaining price transparency (Roland & Dudley, 2015).
Innovations in Healthcare Provider Payment System
A number of innovations have recently resulted in the health finance area. Payments offer freedom to the provider groups regarding the development of their own strategies in order to keep the costs down. However, the three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.
Bundled payments- bundled activities are the recent innovation which is grouped into a single tariff and covers both chronic and acute care conditions. Bundled payments for chronic conditions, for episodes of care or related to particular medical treatment or condition grouped for the purpose of treatment, aims at improving the quality of care and reducing costs. These innovations promises improvements but actual results will be dependent upon episode targeted or condition (Bozic, Ward, Vail & Maze, 2014).
Population- based payment- In population- based payments, payments are received by the groups of health providers based on the population covered, for the purpose of providing better healthcare services to the population with the help of cost containment requirements and built- in quality. Population- based payments form part of broad health policy reform comprising legal/ legislative changes.  A number of factors such as rules for savings distribution and maximum pay out or cap are there on which the financial exposure to payers depends (Rudin, Bates & MacRae, 2016).
Add- on payments- this innovation is at the top of all the existing payment methods for bringing coordination in the activities or paying for performance that focuses on improving the quality of care. Such payments are easy to be implemented with few data exchanges and IT investments. There is small administrative burden of these innovations. These are being found mainly in primary care but are now also spreading to acute hospitals and specialists (Outterson, Powers, Daniel & McClellan, 2015).                 
Conclusion
Therefore, it can be concluded that there is dynamism in the health finance area. The report focused on the different characteristics of the payment system such as anonymity, security, overhead cost, ease of use and acceptability. Also it provided the strategies used by the providers and payers for the purpose of reducing the financial risk. Value- based care is being used by the payers and the providers for transitioning the financial risk away. Furthermore, freedom is offered to the providers with the help of payments regarding the development of their own strategies for keeping the costs to minimum. The three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.    
It is recommended that the payments systems should be aligned with rewards and the providers should aim at showcasing their quality.
References
Bozic, K. J. (2015). The role of the payment system in improving value in healthcare. The Journal of arthroplasty, 30(3), 341-342.
Bozic, K. J., Ward, L., Vail, T. P., & Maze, M. (2014). Bundled payments in total joint arthroplasty: targeting opportunities for quality improvement and cost reduction. Clinical Orthopaedics and Related Research, 472(1), 188-193.
Cleverley, W. O. (2017). Essentials of health care finance. Jones & Bartlett Learning.
Doherty, R. B. (2015). Goodbye, sustainable growth rate—Hello, merit-based incentive payment system. Annals of internal medicine, 163(2), 138-139.
Doran, J. P., & Zabinski, S. J. (2015). Bundled payment initiatives for Medicare and non-Medicare total joint arthroplasty patients at a community hospital: bundles in the real world. The Journal of arthroplasty, 30(3), 353-355.
Outterson, K., Powers, J. H., Daniel, G. W., & McClellan, M. B. (2015). Repairing the broken market for antibiotic innovation. Health affairs, 34(2), 277-285.
Quinn, K. (2015). The 8 basic payment methods in health care. Annals of internal medicine, 163(4), 300-306.
Roland, M., & Dudley, R. A. (2015). How financial and reputational incentives can be used to improve medical care. Health services research, 50, 2090-2115.
Rudin, R. S., Bates, D. W., & MacRae, C. (2016). Accelerating innovation in health IT. N Engl J Med, 375(9), 815-7.
Smith, D. M., & Moore, L. G. (2017). the role of HCCs in a value-based payment system: Appropriate documentation and coding of hierarchical condition categories (HCCs) can have a significant impact on payment in a value–based system. Healthcare Financial Management, 71(10), 45-52.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 7 pages

PAY 4 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

We offer reliable academic writing service for all forms of assignments at MyAssignmenthelp.com. From dissertations to college essays, you will find all sorts of help all under one roof. Many students get confused with the right research paper outline and end up delivering an improper document. Our experts, on the other hand, are well-versed with the right guidelines for your assignments. Thus, do not hesitate to type ‘write my paper’ on our live chat portal. Let us know about your order requirements and we will send you the customised price quote instantly. Gear up for an A+ with our services.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

0 Download7 Pages / 1,513 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

Topic 1: Innovations in Health Finance Area.
 
Health finance area is very dynamic. As follows, your research paper could be based on recent innovations in health finance area. Understanding the importance and role of innovation in finance in general and in healthcare in particular is critical in this course. Your project could be prepared in one of the following two areas: 
 
1. Discuss the potential and possibilities for increasing revenue, reducing costs, effectively managing cash flow or increasing reimbursement for providers in the light of the recent legislation changes through innovative approaches.
2. Share your insight on innovative provider payment methods that have or are expected to alter the nature of medical care industry radically on its financial side. Students are asked to (2.1) identify the characteristics of the payment system, and strategies payers and providers use to reduce their financial risk (payment system and pricing strategies) and (2.2) to discuss the new wave of innovations in health care payment systems related to the provider payment system.

Answer:

Introduction
Health financing areas plays an important role for the purpose of reaching universal health coverage. Health financing aims at moving closer to universal health coverage that lies in three interrelated area namely raising of funds for health purposes, reduction of financial barriers for accessing prepayment and pooling of funds for the purpose of directing out- of pocket payments, allocation of funds in a manner that promotes equity and efficiency (Cleverley, 2017).
Health financing areas are required to be developed in order to make health services available and affordable for everyone. This report focuses on the characteristics of payment system and strategies used by providers and payers for reducing financial risk along with the innovations in health care payment systems.
Characteristics of Payment Systems
Following are the characteristics of Payment Systems-
Anonymity- this characteristic is related to whether the payment model is anonymous or not. In other words, it provides whether third party is capable to track the parties involved in payment transaction or not.  The identity of the parties is required to be protected. On the other hand, the monitoring of individual spending patterns and source of income should not be possible (Doherty, 2015).
Security- this characteristic provides whether the payment system is secured or it can easily perpetrate forged payment. Actual money is involved in the payments and therefore it also act as the major targets for criminals. With the increased use online payment system through the use of internet, modification of messages and eavesdropping is easy, therefore, resistance to attack in the environment is required.
Overhead Cost- this includes the overhead cost involved in payment processing. Such overhead costs are required to be reduced by taking certain steps such as reducing the risk of fraud relating to credit cards, cutting out the middlemen, proper setting of terminal and merchant account and negotiating with the processors (Bozic, 2015).
Ease of Use- payment systems should be such that they can be easily operated with the users. There should be no interruption caused to the users regarding the payment information and there should be automation in most of the payments. Also, it should provide convenience to the users regarding easy monitoring of the spending made by them without making any extra efforts.     
Acceptability- it provides whether the payment method is globally supported or not or is only valid for closed group only. In other words, payment mechanisms are useful when they are widely accepted and a number of things can be bought with it. As long as online payment systems are concerned, when multiple servers support payment mechanisms, the transaction of business becomes easy by the users of one server with the users of other servers (Smith & Moore, 2017).    
Strategies used by Payers and Providers for reducing Financial Risk
Payers and providers are adopting certain strategies for the purpose of reducing the financial risk suffered by them. The shift to value based payment from volume based payment has changed the financial incentives in the industry dealing with health care. Payment initiatives such as Medicare Access and Reauthorization Act (MACRA) and Bundled Payments for Care Improvement (BPCI) which reflect Medicare policy that aims at promotion of collaborative and cross- functional care models (Doran & Zabinski, 2015).
Providers enter in collaboration with the patients on anticipated outcomes but offer a discrete set of services. The biggest challenge of value- based care is the determination of the exact definition of value. The financial risk can be mitigated by reducing a variety of factors that are responsible for undermining the success of the program. Provider roles, care models, payment structures and patient expectations are also expected to alter according to value- based care. Providers focus on their expertise, making implementation of programs related to value- based care in the specialty areas in which the providers have expertise. 
Healthcare payers make the use of value- based care for the purpose of transitioning the financial risk away and place burden on the providers regarding making decisions in a smart manner about utilization. This strategy used by the payer allow them to ensure that the providers are not paid for the number of services performed by them, instead, they are paid for effectively managing and reducing healthcare costs and improving patient outcomes (Quinn, 2015).
More financial risk is faced in the models such as bundled payments in which set price is required to be reimbursed for the episodes of care by the payers and savings can be earned by the providers by way of lowering the cost of care or losing the difference between budgeted costs and actual costs. The pricing strategies of the providers are based on the competition. Competition lowers the prices set by the providers. Also, they aim at communicating value by maintaining price transparency (Roland & Dudley, 2015).
Innovations in Healthcare Provider Payment System
A number of innovations have recently resulted in the health finance area. Payments offer freedom to the provider groups regarding the development of their own strategies in order to keep the costs down. However, the three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.
Bundled payments- bundled activities are the recent innovation which is grouped into a single tariff and covers both chronic and acute care conditions. Bundled payments for chronic conditions, for episodes of care or related to particular medical treatment or condition grouped for the purpose of treatment, aims at improving the quality of care and reducing costs. These innovations promises improvements but actual results will be dependent upon episode targeted or condition (Bozic, Ward, Vail & Maze, 2014).
Population- based payment- In population- based payments, payments are received by the groups of health providers based on the population covered, for the purpose of providing better healthcare services to the population with the help of cost containment requirements and built- in quality. Population- based payments form part of broad health policy reform comprising legal/ legislative changes.  A number of factors such as rules for savings distribution and maximum pay out or cap are there on which the financial exposure to payers depends (Rudin, Bates & MacRae, 2016).
Add- on payments- this innovation is at the top of all the existing payment methods for bringing coordination in the activities or paying for performance that focuses on improving the quality of care. Such payments are easy to be implemented with few data exchanges and IT investments. There is small administrative burden of these innovations. These are being found mainly in primary care but are now also spreading to acute hospitals and specialists (Outterson, Powers, Daniel & McClellan, 2015).                 
Conclusion
Therefore, it can be concluded that there is dynamism in the health finance area. The report focused on the different characteristics of the payment system such as anonymity, security, overhead cost, ease of use and acceptability. Also it provided the strategies used by the providers and payers for the purpose of reducing the financial risk. Value- based care is being used by the payers and the providers for transitioning the financial risk away. Furthermore, freedom is offered to the providers with the help of payments regarding the development of their own strategies for keeping the costs to minimum. The three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.    
It is recommended that the payments systems should be aligned with rewards and the providers should aim at showcasing their quality.
References
Bozic, K. J. (2015). The role of the payment system in improving value in healthcare. The Journal of arthroplasty, 30(3), 341-342.
Bozic, K. J., Ward, L., Vail, T. P., & Maze, M. (2014). Bundled payments in total joint arthroplasty: targeting opportunities for quality improvement and cost reduction. Clinical Orthopaedics and Related Research, 472(1), 188-193.
Cleverley, W. O. (2017). Essentials of health care finance. Jones & Bartlett Learning.
Doherty, R. B. (2015). Goodbye, sustainable growth rate—Hello, merit-based incentive payment system. Annals of internal medicine, 163(2), 138-139.
Doran, J. P., & Zabinski, S. J. (2015). Bundled payment initiatives for Medicare and non-Medicare total joint arthroplasty patients at a community hospital: bundles in the real world. The Journal of arthroplasty, 30(3), 353-355.
Outterson, K., Powers, J. H., Daniel, G. W., & McClellan, M. B. (2015). Repairing the broken market for antibiotic innovation. Health affairs, 34(2), 277-285.
Quinn, K. (2015). The 8 basic payment methods in health care. Annals of internal medicine, 163(4), 300-306.
Roland, M., & Dudley, R. A. (2015). How financial and reputational incentives can be used to improve medical care. Health services research, 50, 2090-2115.
Rudin, R. S., Bates, D. W., & MacRae, C. (2016). Accelerating innovation in health IT. N Engl J Med, 375(9), 815-7.
Smith, D. M., & Moore, L. G. (2017). the role of HCCs in a value-based payment system: Appropriate documentation and coding of hierarchical condition categories (HCCs) can have a significant impact on payment in a value–based system. Healthcare Financial Management, 71(10), 45-52.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 7 pages

PAY 4 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

We offer reliable academic writing service for all forms of assignments at MyAssignmenthelp.com. From dissertations to college essays, you will find all sorts of help all under one roof. Many students get confused with the right research paper outline and end up delivering an improper document. Our experts, on the other hand, are well-versed with the right guidelines for your assignments. Thus, do not hesitate to type ‘write my paper’ on our live chat portal. Let us know about your order requirements and we will send you the customised price quote instantly. Gear up for an A+ with our services.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

0 Download7 Pages / 1,513 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

Topic 1: Innovations in Health Finance Area.
 
Health finance area is very dynamic. As follows, your research paper could be based on recent innovations in health finance area. Understanding the importance and role of innovation in finance in general and in healthcare in particular is critical in this course. Your project could be prepared in one of the following two areas: 
 
1. Discuss the potential and possibilities for increasing revenue, reducing costs, effectively managing cash flow or increasing reimbursement for providers in the light of the recent legislation changes through innovative approaches.
2. Share your insight on innovative provider payment methods that have or are expected to alter the nature of medical care industry radically on its financial side. Students are asked to (2.1) identify the characteristics of the payment system, and strategies payers and providers use to reduce their financial risk (payment system and pricing strategies) and (2.2) to discuss the new wave of innovations in health care payment systems related to the provider payment system.

Answer:

Introduction
Health financing areas plays an important role for the purpose of reaching universal health coverage. Health financing aims at moving closer to universal health coverage that lies in three interrelated area namely raising of funds for health purposes, reduction of financial barriers for accessing prepayment and pooling of funds for the purpose of directing out- of pocket payments, allocation of funds in a manner that promotes equity and efficiency (Cleverley, 2017).
Health financing areas are required to be developed in order to make health services available and affordable for everyone. This report focuses on the characteristics of payment system and strategies used by providers and payers for reducing financial risk along with the innovations in health care payment systems.
Characteristics of Payment Systems
Following are the characteristics of Payment Systems-
Anonymity- this characteristic is related to whether the payment model is anonymous or not. In other words, it provides whether third party is capable to track the parties involved in payment transaction or not.  The identity of the parties is required to be protected. On the other hand, the monitoring of individual spending patterns and source of income should not be possible (Doherty, 2015).
Security- this characteristic provides whether the payment system is secured or it can easily perpetrate forged payment. Actual money is involved in the payments and therefore it also act as the major targets for criminals. With the increased use online payment system through the use of internet, modification of messages and eavesdropping is easy, therefore, resistance to attack in the environment is required.
Overhead Cost- this includes the overhead cost involved in payment processing. Such overhead costs are required to be reduced by taking certain steps such as reducing the risk of fraud relating to credit cards, cutting out the middlemen, proper setting of terminal and merchant account and negotiating with the processors (Bozic, 2015).
Ease of Use- payment systems should be such that they can be easily operated with the users. There should be no interruption caused to the users regarding the payment information and there should be automation in most of the payments. Also, it should provide convenience to the users regarding easy monitoring of the spending made by them without making any extra efforts.     
Acceptability- it provides whether the payment method is globally supported or not or is only valid for closed group only. In other words, payment mechanisms are useful when they are widely accepted and a number of things can be bought with it. As long as online payment systems are concerned, when multiple servers support payment mechanisms, the transaction of business becomes easy by the users of one server with the users of other servers (Smith & Moore, 2017).    
Strategies used by Payers and Providers for reducing Financial Risk
Payers and providers are adopting certain strategies for the purpose of reducing the financial risk suffered by them. The shift to value based payment from volume based payment has changed the financial incentives in the industry dealing with health care. Payment initiatives such as Medicare Access and Reauthorization Act (MACRA) and Bundled Payments for Care Improvement (BPCI) which reflect Medicare policy that aims at promotion of collaborative and cross- functional care models (Doran & Zabinski, 2015).
Providers enter in collaboration with the patients on anticipated outcomes but offer a discrete set of services. The biggest challenge of value- based care is the determination of the exact definition of value. The financial risk can be mitigated by reducing a variety of factors that are responsible for undermining the success of the program. Provider roles, care models, payment structures and patient expectations are also expected to alter according to value- based care. Providers focus on their expertise, making implementation of programs related to value- based care in the specialty areas in which the providers have expertise. 
Healthcare payers make the use of value- based care for the purpose of transitioning the financial risk away and place burden on the providers regarding making decisions in a smart manner about utilization. This strategy used by the payer allow them to ensure that the providers are not paid for the number of services performed by them, instead, they are paid for effectively managing and reducing healthcare costs and improving patient outcomes (Quinn, 2015).
More financial risk is faced in the models such as bundled payments in which set price is required to be reimbursed for the episodes of care by the payers and savings can be earned by the providers by way of lowering the cost of care or losing the difference between budgeted costs and actual costs. The pricing strategies of the providers are based on the competition. Competition lowers the prices set by the providers. Also, they aim at communicating value by maintaining price transparency (Roland & Dudley, 2015).
Innovations in Healthcare Provider Payment System
A number of innovations have recently resulted in the health finance area. Payments offer freedom to the provider groups regarding the development of their own strategies in order to keep the costs down. However, the three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.
Bundled payments- bundled activities are the recent innovation which is grouped into a single tariff and covers both chronic and acute care conditions. Bundled payments for chronic conditions, for episodes of care or related to particular medical treatment or condition grouped for the purpose of treatment, aims at improving the quality of care and reducing costs. These innovations promises improvements but actual results will be dependent upon episode targeted or condition (Bozic, Ward, Vail & Maze, 2014).
Population- based payment- In population- based payments, payments are received by the groups of health providers based on the population covered, for the purpose of providing better healthcare services to the population with the help of cost containment requirements and built- in quality. Population- based payments form part of broad health policy reform comprising legal/ legislative changes.  A number of factors such as rules for savings distribution and maximum pay out or cap are there on which the financial exposure to payers depends (Rudin, Bates & MacRae, 2016).
Add- on payments- this innovation is at the top of all the existing payment methods for bringing coordination in the activities or paying for performance that focuses on improving the quality of care. Such payments are easy to be implemented with few data exchanges and IT investments. There is small administrative burden of these innovations. These are being found mainly in primary care but are now also spreading to acute hospitals and specialists (Outterson, Powers, Daniel & McClellan, 2015).                 
Conclusion
Therefore, it can be concluded that there is dynamism in the health finance area. The report focused on the different characteristics of the payment system such as anonymity, security, overhead cost, ease of use and acceptability. Also it provided the strategies used by the providers and payers for the purpose of reducing the financial risk. Value- based care is being used by the payers and the providers for transitioning the financial risk away. Furthermore, freedom is offered to the providers with the help of payments regarding the development of their own strategies for keeping the costs to minimum. The three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.    
It is recommended that the payments systems should be aligned with rewards and the providers should aim at showcasing their quality.
References
Bozic, K. J. (2015). The role of the payment system in improving value in healthcare. The Journal of arthroplasty, 30(3), 341-342.
Bozic, K. J., Ward, L., Vail, T. P., & Maze, M. (2014). Bundled payments in total joint arthroplasty: targeting opportunities for quality improvement and cost reduction. Clinical Orthopaedics and Related Research, 472(1), 188-193.
Cleverley, W. O. (2017). Essentials of health care finance. Jones & Bartlett Learning.
Doherty, R. B. (2015). Goodbye, sustainable growth rate—Hello, merit-based incentive payment system. Annals of internal medicine, 163(2), 138-139.
Doran, J. P., & Zabinski, S. J. (2015). Bundled payment initiatives for Medicare and non-Medicare total joint arthroplasty patients at a community hospital: bundles in the real world. The Journal of arthroplasty, 30(3), 353-355.
Outterson, K., Powers, J. H., Daniel, G. W., & McClellan, M. B. (2015). Repairing the broken market for antibiotic innovation. Health affairs, 34(2), 277-285.
Quinn, K. (2015). The 8 basic payment methods in health care. Annals of internal medicine, 163(4), 300-306.
Roland, M., & Dudley, R. A. (2015). How financial and reputational incentives can be used to improve medical care. Health services research, 50, 2090-2115.
Rudin, R. S., Bates, D. W., & MacRae, C. (2016). Accelerating innovation in health IT. N Engl J Med, 375(9), 815-7.
Smith, D. M., & Moore, L. G. (2017). the role of HCCs in a value-based payment system: Appropriate documentation and coding of hierarchical condition categories (HCCs) can have a significant impact on payment in a value–based system. Healthcare Financial Management, 71(10), 45-52.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 7 pages

PAY 4 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

We offer reliable academic writing service for all forms of assignments at MyAssignmenthelp.com. From dissertations to college essays, you will find all sorts of help all under one roof. Many students get confused with the right research paper outline and end up delivering an improper document. Our experts, on the other hand, are well-versed with the right guidelines for your assignments. Thus, do not hesitate to type ‘write my paper’ on our live chat portal. Let us know about your order requirements and we will send you the customised price quote instantly. Gear up for an A+ with our services.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

0 Download7 Pages / 1,513 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

Topic 1: Innovations in Health Finance Area.
 
Health finance area is very dynamic. As follows, your research paper could be based on recent innovations in health finance area. Understanding the importance and role of innovation in finance in general and in healthcare in particular is critical in this course. Your project could be prepared in one of the following two areas: 
 
1. Discuss the potential and possibilities for increasing revenue, reducing costs, effectively managing cash flow or increasing reimbursement for providers in the light of the recent legislation changes through innovative approaches.
2. Share your insight on innovative provider payment methods that have or are expected to alter the nature of medical care industry radically on its financial side. Students are asked to (2.1) identify the characteristics of the payment system, and strategies payers and providers use to reduce their financial risk (payment system and pricing strategies) and (2.2) to discuss the new wave of innovations in health care payment systems related to the provider payment system.

Answer:

Introduction
Health financing areas plays an important role for the purpose of reaching universal health coverage. Health financing aims at moving closer to universal health coverage that lies in three interrelated area namely raising of funds for health purposes, reduction of financial barriers for accessing prepayment and pooling of funds for the purpose of directing out- of pocket payments, allocation of funds in a manner that promotes equity and efficiency (Cleverley, 2017).
Health financing areas are required to be developed in order to make health services available and affordable for everyone. This report focuses on the characteristics of payment system and strategies used by providers and payers for reducing financial risk along with the innovations in health care payment systems.
Characteristics of Payment Systems
Following are the characteristics of Payment Systems-
Anonymity- this characteristic is related to whether the payment model is anonymous or not. In other words, it provides whether third party is capable to track the parties involved in payment transaction or not.  The identity of the parties is required to be protected. On the other hand, the monitoring of individual spending patterns and source of income should not be possible (Doherty, 2015).
Security- this characteristic provides whether the payment system is secured or it can easily perpetrate forged payment. Actual money is involved in the payments and therefore it also act as the major targets for criminals. With the increased use online payment system through the use of internet, modification of messages and eavesdropping is easy, therefore, resistance to attack in the environment is required.
Overhead Cost- this includes the overhead cost involved in payment processing. Such overhead costs are required to be reduced by taking certain steps such as reducing the risk of fraud relating to credit cards, cutting out the middlemen, proper setting of terminal and merchant account and negotiating with the processors (Bozic, 2015).
Ease of Use- payment systems should be such that they can be easily operated with the users. There should be no interruption caused to the users regarding the payment information and there should be automation in most of the payments. Also, it should provide convenience to the users regarding easy monitoring of the spending made by them without making any extra efforts.     
Acceptability- it provides whether the payment method is globally supported or not or is only valid for closed group only. In other words, payment mechanisms are useful when they are widely accepted and a number of things can be bought with it. As long as online payment systems are concerned, when multiple servers support payment mechanisms, the transaction of business becomes easy by the users of one server with the users of other servers (Smith & Moore, 2017).    
Strategies used by Payers and Providers for reducing Financial Risk
Payers and providers are adopting certain strategies for the purpose of reducing the financial risk suffered by them. The shift to value based payment from volume based payment has changed the financial incentives in the industry dealing with health care. Payment initiatives such as Medicare Access and Reauthorization Act (MACRA) and Bundled Payments for Care Improvement (BPCI) which reflect Medicare policy that aims at promotion of collaborative and cross- functional care models (Doran & Zabinski, 2015).
Providers enter in collaboration with the patients on anticipated outcomes but offer a discrete set of services. The biggest challenge of value- based care is the determination of the exact definition of value. The financial risk can be mitigated by reducing a variety of factors that are responsible for undermining the success of the program. Provider roles, care models, payment structures and patient expectations are also expected to alter according to value- based care. Providers focus on their expertise, making implementation of programs related to value- based care in the specialty areas in which the providers have expertise. 
Healthcare payers make the use of value- based care for the purpose of transitioning the financial risk away and place burden on the providers regarding making decisions in a smart manner about utilization. This strategy used by the payer allow them to ensure that the providers are not paid for the number of services performed by them, instead, they are paid for effectively managing and reducing healthcare costs and improving patient outcomes (Quinn, 2015).
More financial risk is faced in the models such as bundled payments in which set price is required to be reimbursed for the episodes of care by the payers and savings can be earned by the providers by way of lowering the cost of care or losing the difference between budgeted costs and actual costs. The pricing strategies of the providers are based on the competition. Competition lowers the prices set by the providers. Also, they aim at communicating value by maintaining price transparency (Roland & Dudley, 2015).
Innovations in Healthcare Provider Payment System
A number of innovations have recently resulted in the health finance area. Payments offer freedom to the provider groups regarding the development of their own strategies in order to keep the costs down. However, the three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.
Bundled payments- bundled activities are the recent innovation which is grouped into a single tariff and covers both chronic and acute care conditions. Bundled payments for chronic conditions, for episodes of care or related to particular medical treatment or condition grouped for the purpose of treatment, aims at improving the quality of care and reducing costs. These innovations promises improvements but actual results will be dependent upon episode targeted or condition (Bozic, Ward, Vail & Maze, 2014).
Population- based payment- In population- based payments, payments are received by the groups of health providers based on the population covered, for the purpose of providing better healthcare services to the population with the help of cost containment requirements and built- in quality. Population- based payments form part of broad health policy reform comprising legal/ legislative changes.  A number of factors such as rules for savings distribution and maximum pay out or cap are there on which the financial exposure to payers depends (Rudin, Bates & MacRae, 2016).
Add- on payments- this innovation is at the top of all the existing payment methods for bringing coordination in the activities or paying for performance that focuses on improving the quality of care. Such payments are easy to be implemented with few data exchanges and IT investments. There is small administrative burden of these innovations. These are being found mainly in primary care but are now also spreading to acute hospitals and specialists (Outterson, Powers, Daniel & McClellan, 2015).                 
Conclusion
Therefore, it can be concluded that there is dynamism in the health finance area. The report focused on the different characteristics of the payment system such as anonymity, security, overhead cost, ease of use and acceptability. Also it provided the strategies used by the providers and payers for the purpose of reducing the financial risk. Value- based care is being used by the payers and the providers for transitioning the financial risk away. Furthermore, freedom is offered to the providers with the help of payments regarding the development of their own strategies for keeping the costs to minimum. The three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.    
It is recommended that the payments systems should be aligned with rewards and the providers should aim at showcasing their quality.
References
Bozic, K. J. (2015). The role of the payment system in improving value in healthcare. The Journal of arthroplasty, 30(3), 341-342.
Bozic, K. J., Ward, L., Vail, T. P., & Maze, M. (2014). Bundled payments in total joint arthroplasty: targeting opportunities for quality improvement and cost reduction. Clinical Orthopaedics and Related Research, 472(1), 188-193.
Cleverley, W. O. (2017). Essentials of health care finance. Jones & Bartlett Learning.
Doherty, R. B. (2015). Goodbye, sustainable growth rate—Hello, merit-based incentive payment system. Annals of internal medicine, 163(2), 138-139.
Doran, J. P., & Zabinski, S. J. (2015). Bundled payment initiatives for Medicare and non-Medicare total joint arthroplasty patients at a community hospital: bundles in the real world. The Journal of arthroplasty, 30(3), 353-355.
Outterson, K., Powers, J. H., Daniel, G. W., & McClellan, M. B. (2015). Repairing the broken market for antibiotic innovation. Health affairs, 34(2), 277-285.
Quinn, K. (2015). The 8 basic payment methods in health care. Annals of internal medicine, 163(4), 300-306.
Roland, M., & Dudley, R. A. (2015). How financial and reputational incentives can be used to improve medical care. Health services research, 50, 2090-2115.
Rudin, R. S., Bates, D. W., & MacRae, C. (2016). Accelerating innovation in health IT. N Engl J Med, 375(9), 815-7.
Smith, D. M., & Moore, L. G. (2017). the role of HCCs in a value-based payment system: Appropriate documentation and coding of hierarchical condition categories (HCCs) can have a significant impact on payment in a value–based system. Healthcare Financial Management, 71(10), 45-52.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 7 pages

PAY 4 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

We offer reliable academic writing service for all forms of assignments at MyAssignmenthelp.com. From dissertations to college essays, you will find all sorts of help all under one roof. Many students get confused with the right research paper outline and end up delivering an improper document. Our experts, on the other hand, are well-versed with the right guidelines for your assignments. Thus, do not hesitate to type ‘write my paper’ on our live chat portal. Let us know about your order requirements and we will send you the customised price quote instantly. Gear up for an A+ with our services.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

0 Download7 Pages / 1,513 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

Topic 1: Innovations in Health Finance Area.
 
Health finance area is very dynamic. As follows, your research paper could be based on recent innovations in health finance area. Understanding the importance and role of innovation in finance in general and in healthcare in particular is critical in this course. Your project could be prepared in one of the following two areas: 
 
1. Discuss the potential and possibilities for increasing revenue, reducing costs, effectively managing cash flow or increasing reimbursement for providers in the light of the recent legislation changes through innovative approaches.
2. Share your insight on innovative provider payment methods that have or are expected to alter the nature of medical care industry radically on its financial side. Students are asked to (2.1) identify the characteristics of the payment system, and strategies payers and providers use to reduce their financial risk (payment system and pricing strategies) and (2.2) to discuss the new wave of innovations in health care payment systems related to the provider payment system.

Answer:

Introduction
Health financing areas plays an important role for the purpose of reaching universal health coverage. Health financing aims at moving closer to universal health coverage that lies in three interrelated area namely raising of funds for health purposes, reduction of financial barriers for accessing prepayment and pooling of funds for the purpose of directing out- of pocket payments, allocation of funds in a manner that promotes equity and efficiency (Cleverley, 2017).
Health financing areas are required to be developed in order to make health services available and affordable for everyone. This report focuses on the characteristics of payment system and strategies used by providers and payers for reducing financial risk along with the innovations in health care payment systems.
Characteristics of Payment Systems
Following are the characteristics of Payment Systems-
Anonymity- this characteristic is related to whether the payment model is anonymous or not. In other words, it provides whether third party is capable to track the parties involved in payment transaction or not.  The identity of the parties is required to be protected. On the other hand, the monitoring of individual spending patterns and source of income should not be possible (Doherty, 2015).
Security- this characteristic provides whether the payment system is secured or it can easily perpetrate forged payment. Actual money is involved in the payments and therefore it also act as the major targets for criminals. With the increased use online payment system through the use of internet, modification of messages and eavesdropping is easy, therefore, resistance to attack in the environment is required.
Overhead Cost- this includes the overhead cost involved in payment processing. Such overhead costs are required to be reduced by taking certain steps such as reducing the risk of fraud relating to credit cards, cutting out the middlemen, proper setting of terminal and merchant account and negotiating with the processors (Bozic, 2015).
Ease of Use- payment systems should be such that they can be easily operated with the users. There should be no interruption caused to the users regarding the payment information and there should be automation in most of the payments. Also, it should provide convenience to the users regarding easy monitoring of the spending made by them without making any extra efforts.     
Acceptability- it provides whether the payment method is globally supported or not or is only valid for closed group only. In other words, payment mechanisms are useful when they are widely accepted and a number of things can be bought with it. As long as online payment systems are concerned, when multiple servers support payment mechanisms, the transaction of business becomes easy by the users of one server with the users of other servers (Smith & Moore, 2017).    
Strategies used by Payers and Providers for reducing Financial Risk
Payers and providers are adopting certain strategies for the purpose of reducing the financial risk suffered by them. The shift to value based payment from volume based payment has changed the financial incentives in the industry dealing with health care. Payment initiatives such as Medicare Access and Reauthorization Act (MACRA) and Bundled Payments for Care Improvement (BPCI) which reflect Medicare policy that aims at promotion of collaborative and cross- functional care models (Doran & Zabinski, 2015).
Providers enter in collaboration with the patients on anticipated outcomes but offer a discrete set of services. The biggest challenge of value- based care is the determination of the exact definition of value. The financial risk can be mitigated by reducing a variety of factors that are responsible for undermining the success of the program. Provider roles, care models, payment structures and patient expectations are also expected to alter according to value- based care. Providers focus on their expertise, making implementation of programs related to value- based care in the specialty areas in which the providers have expertise. 
Healthcare payers make the use of value- based care for the purpose of transitioning the financial risk away and place burden on the providers regarding making decisions in a smart manner about utilization. This strategy used by the payer allow them to ensure that the providers are not paid for the number of services performed by them, instead, they are paid for effectively managing and reducing healthcare costs and improving patient outcomes (Quinn, 2015).
More financial risk is faced in the models such as bundled payments in which set price is required to be reimbursed for the episodes of care by the payers and savings can be earned by the providers by way of lowering the cost of care or losing the difference between budgeted costs and actual costs. The pricing strategies of the providers are based on the competition. Competition lowers the prices set by the providers. Also, they aim at communicating value by maintaining price transparency (Roland & Dudley, 2015).
Innovations in Healthcare Provider Payment System
A number of innovations have recently resulted in the health finance area. Payments offer freedom to the provider groups regarding the development of their own strategies in order to keep the costs down. However, the three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.
Bundled payments- bundled activities are the recent innovation which is grouped into a single tariff and covers both chronic and acute care conditions. Bundled payments for chronic conditions, for episodes of care or related to particular medical treatment or condition grouped for the purpose of treatment, aims at improving the quality of care and reducing costs. These innovations promises improvements but actual results will be dependent upon episode targeted or condition (Bozic, Ward, Vail & Maze, 2014).
Population- based payment- In population- based payments, payments are received by the groups of health providers based on the population covered, for the purpose of providing better healthcare services to the population with the help of cost containment requirements and built- in quality. Population- based payments form part of broad health policy reform comprising legal/ legislative changes.  A number of factors such as rules for savings distribution and maximum pay out or cap are there on which the financial exposure to payers depends (Rudin, Bates & MacRae, 2016).
Add- on payments- this innovation is at the top of all the existing payment methods for bringing coordination in the activities or paying for performance that focuses on improving the quality of care. Such payments are easy to be implemented with few data exchanges and IT investments. There is small administrative burden of these innovations. These are being found mainly in primary care but are now also spreading to acute hospitals and specialists (Outterson, Powers, Daniel & McClellan, 2015).                 
Conclusion
Therefore, it can be concluded that there is dynamism in the health finance area. The report focused on the different characteristics of the payment system such as anonymity, security, overhead cost, ease of use and acceptability. Also it provided the strategies used by the providers and payers for the purpose of reducing the financial risk. Value- based care is being used by the payers and the providers for transitioning the financial risk away. Furthermore, freedom is offered to the providers with the help of payments regarding the development of their own strategies for keeping the costs to minimum. The three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.    
It is recommended that the payments systems should be aligned with rewards and the providers should aim at showcasing their quality.
References
Bozic, K. J. (2015). The role of the payment system in improving value in healthcare. The Journal of arthroplasty, 30(3), 341-342.
Bozic, K. J., Ward, L., Vail, T. P., & Maze, M. (2014). Bundled payments in total joint arthroplasty: targeting opportunities for quality improvement and cost reduction. Clinical Orthopaedics and Related Research, 472(1), 188-193.
Cleverley, W. O. (2017). Essentials of health care finance. Jones & Bartlett Learning.
Doherty, R. B. (2015). Goodbye, sustainable growth rate—Hello, merit-based incentive payment system. Annals of internal medicine, 163(2), 138-139.
Doran, J. P., & Zabinski, S. J. (2015). Bundled payment initiatives for Medicare and non-Medicare total joint arthroplasty patients at a community hospital: bundles in the real world. The Journal of arthroplasty, 30(3), 353-355.
Outterson, K., Powers, J. H., Daniel, G. W., & McClellan, M. B. (2015). Repairing the broken market for antibiotic innovation. Health affairs, 34(2), 277-285.
Quinn, K. (2015). The 8 basic payment methods in health care. Annals of internal medicine, 163(4), 300-306.
Roland, M., & Dudley, R. A. (2015). How financial and reputational incentives can be used to improve medical care. Health services research, 50, 2090-2115.
Rudin, R. S., Bates, D. W., & MacRae, C. (2016). Accelerating innovation in health IT. N Engl J Med, 375(9), 815-7.
Smith, D. M., & Moore, L. G. (2017). the role of HCCs in a value-based payment system: Appropriate documentation and coding of hierarchical condition categories (HCCs) can have a significant impact on payment in a value–based system. Healthcare Financial Management, 71(10), 45-52.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 7 pages

PAY 4 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

We offer reliable academic writing service for all forms of assignments at MyAssignmenthelp.com. From dissertations to college essays, you will find all sorts of help all under one roof. Many students get confused with the right research paper outline and end up delivering an improper document. Our experts, on the other hand, are well-versed with the right guidelines for your assignments. Thus, do not hesitate to type ‘write my paper’ on our live chat portal. Let us know about your order requirements and we will send you the customised price quote instantly. Gear up for an A+ with our services.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

0 Download7 Pages / 1,513 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

Topic 1: Innovations in Health Finance Area.
 
Health finance area is very dynamic. As follows, your research paper could be based on recent innovations in health finance area. Understanding the importance and role of innovation in finance in general and in healthcare in particular is critical in this course. Your project could be prepared in one of the following two areas: 
 
1. Discuss the potential and possibilities for increasing revenue, reducing costs, effectively managing cash flow or increasing reimbursement for providers in the light of the recent legislation changes through innovative approaches.
2. Share your insight on innovative provider payment methods that have or are expected to alter the nature of medical care industry radically on its financial side. Students are asked to (2.1) identify the characteristics of the payment system, and strategies payers and providers use to reduce their financial risk (payment system and pricing strategies) and (2.2) to discuss the new wave of innovations in health care payment systems related to the provider payment system.

Answer:

Introduction
Health financing areas plays an important role for the purpose of reaching universal health coverage. Health financing aims at moving closer to universal health coverage that lies in three interrelated area namely raising of funds for health purposes, reduction of financial barriers for accessing prepayment and pooling of funds for the purpose of directing out- of pocket payments, allocation of funds in a manner that promotes equity and efficiency (Cleverley, 2017).
Health financing areas are required to be developed in order to make health services available and affordable for everyone. This report focuses on the characteristics of payment system and strategies used by providers and payers for reducing financial risk along with the innovations in health care payment systems.
Characteristics of Payment Systems
Following are the characteristics of Payment Systems-
Anonymity- this characteristic is related to whether the payment model is anonymous or not. In other words, it provides whether third party is capable to track the parties involved in payment transaction or not.  The identity of the parties is required to be protected. On the other hand, the monitoring of individual spending patterns and source of income should not be possible (Doherty, 2015).
Security- this characteristic provides whether the payment system is secured or it can easily perpetrate forged payment. Actual money is involved in the payments and therefore it also act as the major targets for criminals. With the increased use online payment system through the use of internet, modification of messages and eavesdropping is easy, therefore, resistance to attack in the environment is required.
Overhead Cost- this includes the overhead cost involved in payment processing. Such overhead costs are required to be reduced by taking certain steps such as reducing the risk of fraud relating to credit cards, cutting out the middlemen, proper setting of terminal and merchant account and negotiating with the processors (Bozic, 2015).
Ease of Use- payment systems should be such that they can be easily operated with the users. There should be no interruption caused to the users regarding the payment information and there should be automation in most of the payments. Also, it should provide convenience to the users regarding easy monitoring of the spending made by them without making any extra efforts.     
Acceptability- it provides whether the payment method is globally supported or not or is only valid for closed group only. In other words, payment mechanisms are useful when they are widely accepted and a number of things can be bought with it. As long as online payment systems are concerned, when multiple servers support payment mechanisms, the transaction of business becomes easy by the users of one server with the users of other servers (Smith & Moore, 2017).    
Strategies used by Payers and Providers for reducing Financial Risk
Payers and providers are adopting certain strategies for the purpose of reducing the financial risk suffered by them. The shift to value based payment from volume based payment has changed the financial incentives in the industry dealing with health care. Payment initiatives such as Medicare Access and Reauthorization Act (MACRA) and Bundled Payments for Care Improvement (BPCI) which reflect Medicare policy that aims at promotion of collaborative and cross- functional care models (Doran & Zabinski, 2015).
Providers enter in collaboration with the patients on anticipated outcomes but offer a discrete set of services. The biggest challenge of value- based care is the determination of the exact definition of value. The financial risk can be mitigated by reducing a variety of factors that are responsible for undermining the success of the program. Provider roles, care models, payment structures and patient expectations are also expected to alter according to value- based care. Providers focus on their expertise, making implementation of programs related to value- based care in the specialty areas in which the providers have expertise. 
Healthcare payers make the use of value- based care for the purpose of transitioning the financial risk away and place burden on the providers regarding making decisions in a smart manner about utilization. This strategy used by the payer allow them to ensure that the providers are not paid for the number of services performed by them, instead, they are paid for effectively managing and reducing healthcare costs and improving patient outcomes (Quinn, 2015).
More financial risk is faced in the models such as bundled payments in which set price is required to be reimbursed for the episodes of care by the payers and savings can be earned by the providers by way of lowering the cost of care or losing the difference between budgeted costs and actual costs. The pricing strategies of the providers are based on the competition. Competition lowers the prices set by the providers. Also, they aim at communicating value by maintaining price transparency (Roland & Dudley, 2015).
Innovations in Healthcare Provider Payment System
A number of innovations have recently resulted in the health finance area. Payments offer freedom to the provider groups regarding the development of their own strategies in order to keep the costs down. However, the three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.
Bundled payments- bundled activities are the recent innovation which is grouped into a single tariff and covers both chronic and acute care conditions. Bundled payments for chronic conditions, for episodes of care or related to particular medical treatment or condition grouped for the purpose of treatment, aims at improving the quality of care and reducing costs. These innovations promises improvements but actual results will be dependent upon episode targeted or condition (Bozic, Ward, Vail & Maze, 2014).
Population- based payment- In population- based payments, payments are received by the groups of health providers based on the population covered, for the purpose of providing better healthcare services to the population with the help of cost containment requirements and built- in quality. Population- based payments form part of broad health policy reform comprising legal/ legislative changes.  A number of factors such as rules for savings distribution and maximum pay out or cap are there on which the financial exposure to payers depends (Rudin, Bates & MacRae, 2016).
Add- on payments- this innovation is at the top of all the existing payment methods for bringing coordination in the activities or paying for performance that focuses on improving the quality of care. Such payments are easy to be implemented with few data exchanges and IT investments. There is small administrative burden of these innovations. These are being found mainly in primary care but are now also spreading to acute hospitals and specialists (Outterson, Powers, Daniel & McClellan, 2015).                 
Conclusion
Therefore, it can be concluded that there is dynamism in the health finance area. The report focused on the different characteristics of the payment system such as anonymity, security, overhead cost, ease of use and acceptability. Also it provided the strategies used by the providers and payers for the purpose of reducing the financial risk. Value- based care is being used by the payers and the providers for transitioning the financial risk away. Furthermore, freedom is offered to the providers with the help of payments regarding the development of their own strategies for keeping the costs to minimum. The three main innovations in payment systems are population- based payments, bundled payments and add- on payments for quality and/ or coordination.    
It is recommended that the payments systems should be aligned with rewards and the providers should aim at showcasing their quality.
References
Bozic, K. J. (2015). The role of the payment system in improving value in healthcare. The Journal of arthroplasty, 30(3), 341-342.
Bozic, K. J., Ward, L., Vail, T. P., & Maze, M. (2014). Bundled payments in total joint arthroplasty: targeting opportunities for quality improvement and cost reduction. Clinical Orthopaedics and Related Research, 472(1), 188-193.
Cleverley, W. O. (2017). Essentials of health care finance. Jones & Bartlett Learning.
Doherty, R. B. (2015). Goodbye, sustainable growth rate—Hello, merit-based incentive payment system. Annals of internal medicine, 163(2), 138-139.
Doran, J. P., & Zabinski, S. J. (2015). Bundled payment initiatives for Medicare and non-Medicare total joint arthroplasty patients at a community hospital: bundles in the real world. The Journal of arthroplasty, 30(3), 353-355.
Outterson, K., Powers, J. H., Daniel, G. W., & McClellan, M. B. (2015). Repairing the broken market for antibiotic innovation. Health affairs, 34(2), 277-285.
Quinn, K. (2015). The 8 basic payment methods in health care. Annals of internal medicine, 163(4), 300-306.
Roland, M., & Dudley, R. A. (2015). How financial and reputational incentives can be used to improve medical care. Health services research, 50, 2090-2115.
Rudin, R. S., Bates, D. W., & MacRae, C. (2016). Accelerating innovation in health IT. N Engl J Med, 375(9), 815-7.
Smith, D. M., & Moore, L. G. (2017). the role of HCCs in a value-based payment system: Appropriate documentation and coding of hierarchical condition categories (HCCs) can have a significant impact on payment in a value–based system. Healthcare Financial Management, 71(10), 45-52.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 7 pages

PAY 4 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/universal-health-coverage.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

We offer reliable academic writing service for all forms of assignments at MyAssignmenthelp.com. From dissertations to college essays, you will find all sorts of help all under one roof. Many students get confused with the right research paper outline and end up delivering an improper document. Our experts, on the other hand, are well-versed with the right guidelines for your assignments. Thus, do not hesitate to type ‘write my paper’ on our live chat portal. Let us know about your order requirements and we will send you the customised price quote instantly. Gear up for an A+ with our services.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

2 Downloads2 Pages / 258 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

For your chosen service or health facility prepare a budget for this new service or project. Prepare this in a report format as discussed in class and as outlined on the vUWS website.

Remember that outputs as well as financial data is required.
In preparing the budget, students should show the build-up of the budget from a zero base including all significant line items.
A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost-cutting measures.
Include a financial activity analysis and a break-even analysis chart to show at what level of activity the service ‘breaks even’ In the public sector this means to come in on budget rather than make a profit

Answer:

Budget

In the given case the cardiology departments financial stability and scalability is being organised. For this respective department various kinds of treatment and consultancy are required. Therefore thee cardiologist are hired for the consultancy and surgeries. The average aggregated rate of surgery and the consultancy amounted to $ 200 per hour. All the staffs are employed for 5 days in a week and works 8 hours per day. One of the doctor operates the surgery and the other two are for the consultancy proposes (Zelman, 2014). The surgeons and the nursing staff assist the doctors in surgery and the taking care of. For the consultancy, the centre charges $3500 per patient. On an average 35 patients comes for the consultancy.
In addition to that, per day the hospital makes cardiac and other heart related surgery and charges on an average $7500 per patients this includes the food and accommodation of the students. For the cardiac treatment the patients bears the cost of $5000(each). From the above mention rates, the hospital earns $588528240 annually.

In the contingency plan the cost of providing service are considered to increase by 10%. Moreover, the investment in the surgical instrument increased by the same quantum. As the result, if the same price is maintained then it will make loss (Penner, 2013).  

References
Penner, S. J. (2013). Economic and financial management for nurses and nurse leaders. (2nd Ed). NY:Springer Publishing. Chapter 8: Cost finding, breakeven and charges p. 168 onwards.
Zelman, W.N. (2014). Financial management of health care organisations. (4th Ed). Online in UWSLibrary. Chapter 9: Using cost information to make special decisions, p. 375 onwards.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 1 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

When you’re struggling with a complicated essay topic and wonder how to write an impeccable essay, MyAssignenthelp.com can provide all the assistance you need. Writing an engaging essay is a piece of cake for our writers, and they can help you boost your grades remarkably. We have also appointed efficient paper editors who ensure the quality of your essay papers remains the best. So, whenever you’re contemplating, “Who can write my essay for me?” we will be there with our services. You can avail or assistance for different types of essays. All in all, our site will provide the best essay writing service to help you stay ahead in your academic journey.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

2 Downloads2 Pages / 258 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

For your chosen service or health facility prepare a budget for this new service or project. Prepare this in a report format as discussed in class and as outlined on the vUWS website.

Remember that outputs as well as financial data is required.
In preparing the budget, students should show the build-up of the budget from a zero base including all significant line items.
A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost-cutting measures.
Include a financial activity analysis and a break-even analysis chart to show at what level of activity the service ‘breaks even’ In the public sector this means to come in on budget rather than make a profit

Answer:

Budget

In the given case the cardiology departments financial stability and scalability is being organised. For this respective department various kinds of treatment and consultancy are required. Therefore thee cardiologist are hired for the consultancy and surgeries. The average aggregated rate of surgery and the consultancy amounted to $ 200 per hour. All the staffs are employed for 5 days in a week and works 8 hours per day. One of the doctor operates the surgery and the other two are for the consultancy proposes (Zelman, 2014). The surgeons and the nursing staff assist the doctors in surgery and the taking care of. For the consultancy, the centre charges $3500 per patient. On an average 35 patients comes for the consultancy.
In addition to that, per day the hospital makes cardiac and other heart related surgery and charges on an average $7500 per patients this includes the food and accommodation of the students. For the cardiac treatment the patients bears the cost of $5000(each). From the above mention rates, the hospital earns $588528240 annually.

In the contingency plan the cost of providing service are considered to increase by 10%. Moreover, the investment in the surgical instrument increased by the same quantum. As the result, if the same price is maintained then it will make loss (Penner, 2013).  

References
Penner, S. J. (2013). Economic and financial management for nurses and nurse leaders. (2nd Ed). NY:Springer Publishing. Chapter 8: Cost finding, breakeven and charges p. 168 onwards.
Zelman, W.N. (2014). Financial management of health care organisations. (4th Ed). Online in UWSLibrary. Chapter 9: Using cost information to make special decisions, p. 375 onwards.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 1 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

When you’re struggling with a complicated essay topic and wonder how to write an impeccable essay, MyAssignenthelp.com can provide all the assistance you need. Writing an engaging essay is a piece of cake for our writers, and they can help you boost your grades remarkably. We have also appointed efficient paper editors who ensure the quality of your essay papers remains the best. So, whenever you’re contemplating, “Who can write my essay for me?” we will be there with our services. You can avail or assistance for different types of essays. All in all, our site will provide the best essay writing service to help you stay ahead in your academic journey.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

2 Downloads2 Pages / 258 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

For your chosen service or health facility prepare a budget for this new service or project. Prepare this in a report format as discussed in class and as outlined on the vUWS website.

Remember that outputs as well as financial data is required.
In preparing the budget, students should show the build-up of the budget from a zero base including all significant line items.
A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost-cutting measures.
Include a financial activity analysis and a break-even analysis chart to show at what level of activity the service ‘breaks even’ In the public sector this means to come in on budget rather than make a profit

Answer:

Budget

In the given case the cardiology departments financial stability and scalability is being organised. For this respective department various kinds of treatment and consultancy are required. Therefore thee cardiologist are hired for the consultancy and surgeries. The average aggregated rate of surgery and the consultancy amounted to $ 200 per hour. All the staffs are employed for 5 days in a week and works 8 hours per day. One of the doctor operates the surgery and the other two are for the consultancy proposes (Zelman, 2014). The surgeons and the nursing staff assist the doctors in surgery and the taking care of. For the consultancy, the centre charges $3500 per patient. On an average 35 patients comes for the consultancy.
In addition to that, per day the hospital makes cardiac and other heart related surgery and charges on an average $7500 per patients this includes the food and accommodation of the students. For the cardiac treatment the patients bears the cost of $5000(each). From the above mention rates, the hospital earns $588528240 annually.

In the contingency plan the cost of providing service are considered to increase by 10%. Moreover, the investment in the surgical instrument increased by the same quantum. As the result, if the same price is maintained then it will make loss (Penner, 2013).  

References
Penner, S. J. (2013). Economic and financial management for nurses and nurse leaders. (2nd Ed). NY:Springer Publishing. Chapter 8: Cost finding, breakeven and charges p. 168 onwards.
Zelman, W.N. (2014). Financial management of health care organisations. (4th Ed). Online in UWSLibrary. Chapter 9: Using cost information to make special decisions, p. 375 onwards.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 1 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

When you’re struggling with a complicated essay topic and wonder how to write an impeccable essay, MyAssignenthelp.com can provide all the assistance you need. Writing an engaging essay is a piece of cake for our writers, and they can help you boost your grades remarkably. We have also appointed efficient paper editors who ensure the quality of your essay papers remains the best. So, whenever you’re contemplating, “Who can write my essay for me?” we will be there with our services. You can avail or assistance for different types of essays. All in all, our site will provide the best essay writing service to help you stay ahead in your academic journey.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

2 Downloads2 Pages / 258 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

For your chosen service or health facility prepare a budget for this new service or project. Prepare this in a report format as discussed in class and as outlined on the vUWS website.

Remember that outputs as well as financial data is required.
In preparing the budget, students should show the build-up of the budget from a zero base including all significant line items.
A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost-cutting measures.
Include a financial activity analysis and a break-even analysis chart to show at what level of activity the service ‘breaks even’ In the public sector this means to come in on budget rather than make a profit

Answer:

Budget

In the given case the cardiology departments financial stability and scalability is being organised. For this respective department various kinds of treatment and consultancy are required. Therefore thee cardiologist are hired for the consultancy and surgeries. The average aggregated rate of surgery and the consultancy amounted to $ 200 per hour. All the staffs are employed for 5 days in a week and works 8 hours per day. One of the doctor operates the surgery and the other two are for the consultancy proposes (Zelman, 2014). The surgeons and the nursing staff assist the doctors in surgery and the taking care of. For the consultancy, the centre charges $3500 per patient. On an average 35 patients comes for the consultancy.
In addition to that, per day the hospital makes cardiac and other heart related surgery and charges on an average $7500 per patients this includes the food and accommodation of the students. For the cardiac treatment the patients bears the cost of $5000(each). From the above mention rates, the hospital earns $588528240 annually.

In the contingency plan the cost of providing service are considered to increase by 10%. Moreover, the investment in the surgical instrument increased by the same quantum. As the result, if the same price is maintained then it will make loss (Penner, 2013).  

References
Penner, S. J. (2013). Economic and financial management for nurses and nurse leaders. (2nd Ed). NY:Springer Publishing. Chapter 8: Cost finding, breakeven and charges p. 168 onwards.
Zelman, W.N. (2014). Financial management of health care organisations. (4th Ed). Online in UWSLibrary. Chapter 9: Using cost information to make special decisions, p. 375 onwards.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 1 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

When you’re struggling with a complicated essay topic and wonder how to write an impeccable essay, MyAssignenthelp.com can provide all the assistance you need. Writing an engaging essay is a piece of cake for our writers, and they can help you boost your grades remarkably. We have also appointed efficient paper editors who ensure the quality of your essay papers remains the best. So, whenever you’re contemplating, “Who can write my essay for me?” we will be there with our services. You can avail or assistance for different types of essays. All in all, our site will provide the best essay writing service to help you stay ahead in your academic journey.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

2 Downloads2 Pages / 258 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

For your chosen service or health facility prepare a budget for this new service or project. Prepare this in a report format as discussed in class and as outlined on the vUWS website.

Remember that outputs as well as financial data is required.
In preparing the budget, students should show the build-up of the budget from a zero base including all significant line items.
A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost-cutting measures.
Include a financial activity analysis and a break-even analysis chart to show at what level of activity the service ‘breaks even’ In the public sector this means to come in on budget rather than make a profit

Answer:

Budget

In the given case the cardiology departments financial stability and scalability is being organised. For this respective department various kinds of treatment and consultancy are required. Therefore thee cardiologist are hired for the consultancy and surgeries. The average aggregated rate of surgery and the consultancy amounted to $ 200 per hour. All the staffs are employed for 5 days in a week and works 8 hours per day. One of the doctor operates the surgery and the other two are for the consultancy proposes (Zelman, 2014). The surgeons and the nursing staff assist the doctors in surgery and the taking care of. For the consultancy, the centre charges $3500 per patient. On an average 35 patients comes for the consultancy.
In addition to that, per day the hospital makes cardiac and other heart related surgery and charges on an average $7500 per patients this includes the food and accommodation of the students. For the cardiac treatment the patients bears the cost of $5000(each). From the above mention rates, the hospital earns $588528240 annually.

In the contingency plan the cost of providing service are considered to increase by 10%. Moreover, the investment in the surgical instrument increased by the same quantum. As the result, if the same price is maintained then it will make loss (Penner, 2013).  

References
Penner, S. J. (2013). Economic and financial management for nurses and nurse leaders. (2nd Ed). NY:Springer Publishing. Chapter 8: Cost finding, breakeven and charges p. 168 onwards.
Zelman, W.N. (2014). Financial management of health care organisations. (4th Ed). Online in UWSLibrary. Chapter 9: Using cost information to make special decisions, p. 375 onwards.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 1 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

When you’re struggling with a complicated essay topic and wonder how to write an impeccable essay, MyAssignenthelp.com can provide all the assistance you need. Writing an engaging essay is a piece of cake for our writers, and they can help you boost your grades remarkably. We have also appointed efficient paper editors who ensure the quality of your essay papers remains the best. So, whenever you’re contemplating, “Who can write my essay for me?” we will be there with our services. You can avail or assistance for different types of essays. All in all, our site will provide the best essay writing service to help you stay ahead in your academic journey.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

2 Downloads2 Pages / 258 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

For your chosen service or health facility prepare a budget for this new service or project. Prepare this in a report format as discussed in class and as outlined on the vUWS website.

Remember that outputs as well as financial data is required.
In preparing the budget, students should show the build-up of the budget from a zero base including all significant line items.
A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost-cutting measures.
Include a financial activity analysis and a break-even analysis chart to show at what level of activity the service ‘breaks even’ In the public sector this means to come in on budget rather than make a profit

Answer:

Budget

In the given case the cardiology departments financial stability and scalability is being organised. For this respective department various kinds of treatment and consultancy are required. Therefore thee cardiologist are hired for the consultancy and surgeries. The average aggregated rate of surgery and the consultancy amounted to $ 200 per hour. All the staffs are employed for 5 days in a week and works 8 hours per day. One of the doctor operates the surgery and the other two are for the consultancy proposes (Zelman, 2014). The surgeons and the nursing staff assist the doctors in surgery and the taking care of. For the consultancy, the centre charges $3500 per patient. On an average 35 patients comes for the consultancy.
In addition to that, per day the hospital makes cardiac and other heart related surgery and charges on an average $7500 per patients this includes the food and accommodation of the students. For the cardiac treatment the patients bears the cost of $5000(each). From the above mention rates, the hospital earns $588528240 annually.

In the contingency plan the cost of providing service are considered to increase by 10%. Moreover, the investment in the surgical instrument increased by the same quantum. As the result, if the same price is maintained then it will make loss (Penner, 2013).  

References
Penner, S. J. (2013). Economic and financial management for nurses and nurse leaders. (2nd Ed). NY:Springer Publishing. Chapter 8: Cost finding, breakeven and charges p. 168 onwards.
Zelman, W.N. (2014). Financial management of health care organisations. (4th Ed). Online in UWSLibrary. Chapter 9: Using cost information to make special decisions, p. 375 onwards.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 1 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

When you’re struggling with a complicated essay topic and wonder how to write an impeccable essay, MyAssignenthelp.com can provide all the assistance you need. Writing an engaging essay is a piece of cake for our writers, and they can help you boost your grades remarkably. We have also appointed efficient paper editors who ensure the quality of your essay papers remains the best. So, whenever you’re contemplating, “Who can write my essay for me?” we will be there with our services. You can avail or assistance for different types of essays. All in all, our site will provide the best essay writing service to help you stay ahead in your academic journey.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

2 Downloads2 Pages / 258 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

For your chosen service or health facility prepare a budget for this new service or project. Prepare this in a report format as discussed in class and as outlined on the vUWS website.

Remember that outputs as well as financial data is required.
In preparing the budget, students should show the build-up of the budget from a zero base including all significant line items.
A contingency plan must be included (what happens if desired funding is not available to the optimal level desired) with at 10% less than the optimal budget. Show deletions and cost-cutting measures.
Include a financial activity analysis and a break-even analysis chart to show at what level of activity the service ‘breaks even’ In the public sector this means to come in on budget rather than make a profit

Answer:

Budget

In the given case the cardiology departments financial stability and scalability is being organised. For this respective department various kinds of treatment and consultancy are required. Therefore thee cardiologist are hired for the consultancy and surgeries. The average aggregated rate of surgery and the consultancy amounted to $ 200 per hour. All the staffs are employed for 5 days in a week and works 8 hours per day. One of the doctor operates the surgery and the other two are for the consultancy proposes (Zelman, 2014). The surgeons and the nursing staff assist the doctors in surgery and the taking care of. For the consultancy, the centre charges $3500 per patient. On an average 35 patients comes for the consultancy.
In addition to that, per day the hospital makes cardiac and other heart related surgery and charges on an average $7500 per patients this includes the food and accommodation of the students. For the cardiac treatment the patients bears the cost of $5000(each). From the above mention rates, the hospital earns $588528240 annually.

In the contingency plan the cost of providing service are considered to increase by 10%. Moreover, the investment in the surgical instrument increased by the same quantum. As the result, if the same price is maintained then it will make loss (Penner, 2013).  

References
Penner, S. J. (2013). Economic and financial management for nurses and nurse leaders. (2nd Ed). NY:Springer Publishing. Chapter 8: Cost finding, breakeven and charges p. 168 onwards.
Zelman, W.N. (2014). Financial management of health care organisations. (4th Ed). Online in UWSLibrary. Chapter 9: Using cost information to make special decisions, p. 375 onwards.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 1 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/cardiac-treatment.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

When you’re struggling with a complicated essay topic and wonder how to write an impeccable essay, MyAssignenthelp.com can provide all the assistance you need. Writing an engaging essay is a piece of cake for our writers, and they can help you boost your grades remarkably. We have also appointed efficient paper editors who ensure the quality of your essay papers remains the best. So, whenever you’re contemplating, “Who can write my essay for me?” we will be there with our services. You can avail or assistance for different types of essays. All in all, our site will provide the best essay writing service to help you stay ahead in your academic journey.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management

7324MED Health Finance And Project Management

Free Samples

7324MED Health Finance And Project Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

7324MED Health Finance And Project Management

0 Download5 Pages / 1,241 Words

Course Code: 7324MED
University: Griffith University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Questions:

1.Medicare is a Universal scheme that covers a range of health care services. Explain how Medicare could be improved and how this would be achieved.
2.Explain the difference between revenue and expenditure in the health system.
 
3.What is Activity Based Funding and how are funding allocations determined in the NSW Health System?
 
4.Describe Casemix and the Australian DRG system of classification.

Answers:

1.Medicare can be described as a publicly funded universal health care system, operated in Australia by the collaborative management of Department of the health services and public funding. According to recent statistics, Medicare is undoubtedly the primary funder for heath care both in Australia and all across the globe, and hence Medicare has had a significant role in the improvements of health care and enhanced availability of it throughout all sectors of the society (Marmor, 2017). However, there certainly are some challenges to successful financial management provided to all the socioeconomic sectors of the society and there is room for many improvements in the Medicare sector.
For instance, considering the seniority coverage, the benefits for Medicare starts only after the age of 65; whereas, in the current age, the health care complexities do not always start past 65, most of the common health concerns arrive with the onset of middle age, around 50 and above. Hence in order to improve the relevance and benefits of the Medicare covers, the seniority cover age bar should rather start from the age of 50, so that the unnecessary burden on the taxpayers does not escalate (Munyisia, Reid & Yu, 2017).
According to emerging research the most of the common health priorities and concerns can be prevented with adequate precautionary and promotional program linked to the Medicare coverage, so that the public health services provided can improve its efficiency and effectiveness, enhancing life expectancy and health across all age groups. Along with that improvising and promoting the bundled payment method to facilitate direct payment to packaged or organized systems of care could positively extend the incentives to the health care providers and improving the quality of care provided, at the same time minimizing the amount of extra money paid by the citizens for different sectors of care needed (Raghu et al., 2014).
2.In simple terms revenue can be defined as the total income by an organization in an annual basis, and expenditure can be defined as the annual amount of spending in the organizations. The difference between revenue and expenditure can be described as total opposites of one another; however, the clear lines of demarcation between both terms can become a little blurred when applied to the context of health care. In case of the health care industry, the entire revenue generation depends on the funding, whether it comes from government subsidization, insurance companies or privately from the public availing the health care (Marmor, 2017). However, with the bundled payment format and pay for package system in place in the healthcare sector, the annual profits of the health care sector has taken severe blows;
Now, considering the expenditure in health care, the entire costing for the advanced health care services has increased at an alarming rate. The drug prices continue to increase and legislative guidelines like the Affordable Care Act on the other hand is not helping the privatized health care units as well (Reeves et al., 2015). Moreover, the growing consumerism, the insurance companies continue to pressurize the health care facilities to improve the quality benchmark of the care provided, and in order to meet the benchmark, the expenditure increases further. Hence, there is a great imbalance between the revenue and expenditure in health care at the moment and there is need for standardizing the differences between both areas so that a state of equilibrium can be facilitated (Cleverley & Cleverley, 2017).
3.One of the greatest challenges in health care at the moment is the optimal and justifiable utilization of public funding in order to make the best use of the hard earned tax money paid by the citizen, to provide optimal care quality to the people of Australia (Gillett, Houlihan & Williams, 2015).  Activity based funding is considered to be one method of funding and managing public health care in a manner that payment is circulated efficiently between different sectors of health care, so that the patients pay for every health care activity they avail depending on the severity of their medical condition into account.
In case of NSW, the funding and budget allocation is carried out critically and succinctly to ensure optimal yet justified utilization of the funds. The national funding framework in place for the NSW is NHRA or National Health Reform Agreement; the health budget for the NSW is allocated from the consolidated funds by the authority of the ministry, LHDs, and specialty networks. The outside funding and budget allocation is influenced by the direct recommendation of the director general as well. The expenditure is managed and monitored quarterly by the expenditure review committee (Hjermstad et al., 2016).
4.Case mix can be defined as the assessment or measurement system for assessing the performance of the health care facilities or hospitals; along with the assessment this auditing framework also aims to reward the initiatives that attempt to increase the efficiency of health care workforce and facility along with improving the quality of care. Its also serves as a information tool, classifying different health care facilities into different categories. The case mix classification system involves activity based costing as a parameter to the profession of health. It swiftly and effectively links billable activities directly to the international standards like ICD-10. It will eventually help the billing process to align the classification system with the concept of electronic patient records (Jackson et al., 2015).
Another very popular classification system in place in Australia is diagnosis related group classification. This classification system has 7 key groups and the hospital cases are grouped under these categories based on the type of heath care facility that the patient is availing. The Australian version of DRG is a bit more complicated and detailed and is known as the Australian refined DRG classification system, have ICD10-AM groups. The Australian DRG system has had different versions being utilized and the recent version under use is the version 8.
The Australian DRG classification system is monitored and refined by the DRG technical groups established for the sole purpose of monitoring the effectiveness and efficiency of the classification system (Polyzos et al., 2013).
References: 
Cleverley, W. O., & Cleverley, J. O. (2017). Essentials of health care finance. Jones & Bartlett Learning.
Gillett, S., Houlihan, K., & Williams, W. (2015). Investigating the predictors of chronic care annual funding requirements under activity-based funding. BMC health services research, 15(8).
Hjermstad, M. J., Aass, N., Aielli, F., Bennett, M., Brunelli, C., Caraceni, A., … & Jakobsen, G. (2016). Characteristics of the case mix, organisation and delivery in cancer palliative care: a challenge for good-quality research. BMJ supportive & palliative care, bmjspcare-2015.
Jackson, T., Dimitropoulos, V., Madden, R., & Gillett, S. (2015). Australian diagnosis related groups: Drivers of complexity adjustment. Health Policy, 119(11), 1433-1441.
Marmor, T. R. (2017). The politics of Medicare. Routledge.
Munyisia, E. N., Reid, D., & Yu, P. (2017). Accuracy of outpatient service data for activity-based funding in New South Wales, Australia. Health Information Management Journal, 46(2), 78-86.
Polyzos, N., Karanikas, H., Thireos, E., Kastanioti, C., & Kontodimopoulos, N. (2013). Reforming reimbursement of public hospitals in Greece during the economic crisis: implementation of a DRG system. Health policy, 109(1), 14-22.
Raghu, G., Chen, S. Y., Yeh, W. S., Maroni, B., Li, Q., Lee, Y. C., & Collard, H. R. (2014). Idiopathic pulmonary fibrosis in US Medicare beneficiaries aged 65 years and older: incidence, prevalence, and survival, 2001–11. The lancet Respiratory medicine, 2(7), 566-572.
Reeves, A., Gourtsoyannis, Y., Basu, S., McCoy, D., McKee, M., & Stuckler, D. (2015). Financing universal health coverage—effects of alternative tax structures on public health systems: cross-national modelling in 89 low-income and middle-income countries. The Lancet, 386(9990), 274-280.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 5 pages

PAY 3 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Health Finance And Project Management. Retrieved from https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/health-services-and-public-funding.html.

“Health Finance And Project Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/health-services-and-public-funding.html.

My Assignment Help (2021) Health Finance And Project Management [Online]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/health-services-and-public-funding.html[Accessed 18 December 2021].

My Assignment Help. ‘Health Finance And Project Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Health Finance And Project Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/7324med-health-finance-and-project-management/health-services-and-public-funding.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

Availing the assistance of qualified experts at MyAssignmenthelp.com is the best way to secure good grades in your assignments. Many Students fail to gather information to write a research paper. An appropriate research paper outline is essential to submit the assignment. Moreover, our experts choose unique research topics to provide compelling content. Writing a research paper is a tedious task, but our academic writers are efficient in providing 100% genuine content. They are well-versed with the formats and the resources from where data should be collected to deliver quality assignments.

Latest Healthcare Samples

div#loaddata .card img {max-width: 100%;
}

5N1794 Safety And Health At Work
Download :
0 | Pages :
13

Course Code: 5N1794
University: University College Cork

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Ireland

Answer:
Assignment 1
Answer to question 1
I have conducted a survey at my workplace maned Lady’s Hospice and Care Services to observe the working environment. The aim of the survey is to find if it is a safe, healthy, secured and fulfilling place to work. A visual survey was conducted to locate and record the safety signs in the workplace. The objective of the survey is to observe and list different types of signs, location, their prom…
Read
More
Tags:
Australia Maple Ridge Management Introduction to film studies University of New South Wales Masters in Business Administration 

400837 Health And Socio Political Issues In Aged Care
Download :
0 | Pages :
14

Course Code: 400837
University: Western Sydney University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
Palliative care services are designed to improve the life of patient with progressive disease. People receiving palliative care have illness that has no prospect of cure.  As per the World Health Organisation, palliative care is a care given to patient suffering from life threatening illness to improve their quality of life by preventing and providing relief from sufferings by early recognition , assessment and trea…
Read
More
Tags:
Australia Minchinbury Management University of New South Wales 

PUBH6304 Global Health
Download :
0 | Pages :
8

Course Code: PUBH6304
University: The University Of Newcastle

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Human Immunodeficiency Virus Infection and Acquired Immune Deficiency Syndrome (HIV/AIDS) is the spectrum of medical conditions caused due to human immunodeficiency virus (HIV) following which the patient suffers from a series medical complications due to suppression of the immune system of the body. With the progression of the disease, the patient is likely to suffer from a wide range of infections like tuberculosis and other opportu…
Read
More
Tags:
United States Newark Management University of New York Masters in Business Administration 

CON 321 Health Related Research
Download :
0 | Pages :
3

Course Code: CON321
University: University Of Southern Maine

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Answer:
Introduction
Leadership in the hospital is the ability to influence the staff toward providing quality health care. Leadership involves influencing human behavior to create a positive working environment (Langlois, 2012). Good leadership enables healthy relationships among staffs in the hospital enhancing quality delivery of health care services. Leadership is responsible to building teams that have trust, respect, support and effecti…
Read
More

BL9412 Public Health
Download :
0 | Pages :
35

Course Code: BL9412
University: University Of The West Of England

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Introduction
According to the researchers, it can be said that the management of the health care organizations has become a difficult task nowadays and the reason behind this is the occurrence of various issues in this sector (Hall et al., 2014). Therefore, the administrative employees of the organization should incorporate various revolutionized strategies for enriching the worth of care provided by the hospital to its clients and re…
Read
More
Tags:
Australia Ryde Management Information system strategy University of New South Wales (UNSW) Masters in Business Administration 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

7324MED Health Finance And Project Management