By Mary Paterson
This textbook is meant for college students getting ready as complicated perform clinicians, together with DNPs, DPTs, DOTs, and health care professional assistants. it's geared up in major elements. the 1st makes a speciality of macro concerns in healthcare finance and coverage concerns, and the second one concentrates on healthcare financing administration in specialist perform. This method offers the context precious for the clinician to appreciate how one can deal with compensation specifications and hottest supplier contracting as wellbeing and fitness care coverage drives those money and contracting options. every one part contains a case learn to facilitate school room dialogue. This publication is acceptable for healthcare finance classes within the curriculum for MSN and DNP courses and likewise for colleges of social paintings, medication, occupational, and actual remedy.
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Extra info for Healthcare Finance and Financial Management: Essentials for Advanced Practice Nurses and Interdisciplinary Care Teams
Myers (1984) suggests that the financial part of the enter- 42 HEALTHCARE SYSTEM STRATEGY AND FINANCE prise is subordinate to the organizational strategy defined for the firm. Certainly, financial managers participate in corporate goal setting, but they do not independently determine corporate goals. Financial managers use tools of finance such as capital asset planning and budgeting to maximize achievement of previously defined corporate goals. Financial tools are also used to evaluate the firm’s financial efficiency and effectiveness and to measure financial performance in the context of corporate goals.
Elective procedures in the hospital and all diagnostic services carry a 20 percent co-payment, and there is a deductible of $200 per disease episode that must be paid regardless of the type of care that is provided. There is no long-term care available, nor is there any occupational health. Mental healthcare is provided if there is an acute mental illness for the 20 percent co-payment. Otherwise mental healthcare, counseling for substance abuse, and all other counseling is paid out-of-pocket. In general, the system provides and pays for essential acute hospital care, but it does not pay for preventive or rehabilitative care.
Your goal should be SMART (specific, measurable, attainable, realistic, and timely). 3. Make at least one recommendation on how to build support for your strategy. 4. Discuss at least three methods that the ministry should use to implement your support-building recommendation. 5. Suggest one alternative to the present social insurance scheme, and provide a rationale for the feasibility of this alternative. You may make reasonable assumptions to support your case discussion; however, these assumptions should be consistent with your understanding of a poorly educated lower middle-class population that is dependent on service industries, subsistence agriculture, and fishing for a livelihood.
Healthcare Finance and Financial Management: Essentials for Advanced Practice Nurses and Interdisciplinary Care Teams by Mary Paterson