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March 6, 2024

Describe advantages and disadvantages of each system. Identify how pay for performance can be added to each payment system.

General Question

HCM565 Payments for Health Services Providers

Question # 00652540

Subject: Health Care

Due on: 03/01/2024

Posted On: 03/01/2024 04:28 AM

Tutorials: 1

Rating:

4.9/5

Question

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Payments for Health Services Providers (HCM565 CT 03)

Insurance is based on pooling of losses, payment for random losses, risk transfer, and indemnification. As a result, insurers use several different approaches to mitigate their risk and set premium rates, including:

the fee-for-service method

the cost-plus approach

population health – capitation

For your assignment, evaluate two global payment systems within healthcare and address each of the following items:

Define the structure of the payment systems.

Identify risk to loss of revenue in each system.

Describe advantages and disadvantages of each system.

Identify how pay for performance can be added to each payment system.

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