Write a 750-1,000 word synopsis describing the different types of payment that are taken for health care.
1.Describe how the charging and pricing processes of health care facilities are different from those of other industries.
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Write My Essay For MeThe pricing and charging processes in healthcare are different from those of other industries considering these industries, other than healthcare, have automated their processes. Essentially, all the payment process in healthcare are not automated, and is attributed to the complex nature of healthcare technology, which has…
2.Describe how private and government insurers and payers impact actual reimbursement.
Reimbursement in healthcare refers to the payment that a hospital, diagnostic facility, doctor or any other healthcare provider receive for providing the necessary medical care (Tompkins et al., 2006). Often, a government payer or health insurer covers all the healthcare costs. However, there are ways in which the private insurer or government impact the actual reimbursement. Notably, the amounts of reimbursement depend on whether or not the payer or insurer is government or private. According to Hall & Schneider (2012), physicians often opt for …
3.Justify which form of payment has the most merit. Explain why.
The fee-for-payment model is the most merited, as it is also a common payment. In a fee-for-service model of payment, the medical accounting office is reimbursed a specified amount of money for every service type…
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