StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Health Finance 2 - Assignment Example

Comments (0) Cite this document
Summary
What grouping of revenue do you believe the organization that you work for uses(service line, revenue source, etc.)? Why do you think they chose this grouping? Is this a good choice or do you think there is a better option?
Chiropractor is a form of alternative medicine…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Health Finance 2
Read TextPreview

Extract of sample "Health Finance 2"

1. Does the organization that you work for receive revenue after services are delivered or before? Why do you think this is? 2. What grouping of revenue do you believe the organization that you work for uses(service line, revenue source, etc.)? Why do you think they chose this grouping? Is this a good choice or do you think there is a better option?
October 06, 2012
Revenue Flows in Chiropractor Practice
Chiropractor is a form of alternative medicine where pains in the neuro-musculoskeletal system are treated. Treatment is through manual therapy, massage, ice therapy, exercise for the spine and other soft tissues. It is not recognised as a primary case and hence treatment costs for such patients are not provided by the healthcare system (Grod, p. 14).
The revenue in such practices and clinics is usually received after the service is delivered and after a treatment session is over. Patients may opt for a single session or sitting or they may decide to take a full course of the treatment that can extend for a few weeks. First time visitors must pay a consultation fee and subsequent visits are charged an hourly fee or a per session fee. Different types of revenue types available for healthcare in general are Discounted Fee-for-Service, Fee-for-Service, Managed Care, Medicaid Program, Medicare Program and Payer Mix. Chiropractors are not eligible for any of the managed care system and so the revenue group followed is fee for service. This choice of service cannot be avoided since the Chiropractor is recognised as an alternative medicine. In some cases, when a patient agrees to take a course of treatment, the doctor may agree to receive payment after the sittings are over. Some patients can then refuse to pay saying that they have not been cured. Since this treatment does not base the treatment on the results of blood and other medical tests, it is difficult for the Chiropractor to prove the efficacy of the treatment. In addition, since the treatment is not paid by insurer, liability of receiving payment is with the Chiropractor. This reduces overcharging and instances of false assurances by the doctors and a customer with legitimate grievances can protect himself. Therefore, this fee for service is better than other revenue formats (Andrew, p. 14-15).

References
Andrew J. Bert. "Financing and Cash Flow Management for the Medical Group Practice". Orthopedic Clinics of North America, 39 (1), 2009, pp. 27-31
Grod John. "Continuing Health Education in Canada". Journal of Canada Chiropractor Association, 50 (1) ((2006): 14-17 Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Health Finance 2 Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/management/1604665-health-finance-2
(Health Finance 2 Assignment Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/management/1604665-health-finance-2.
“Health Finance 2 Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1604665-health-finance-2.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Health Finance 2

Finance Paper 2

...purse is estimated to be 9.3 billion pounds. The total budget of the London Olympic organizing committee who is directly responsible for staging the games is estimated to be 2 billion pounds. This is for covering all operational costs. These operational costs are will be met from revenue coming from sale of broadcast rights and ticket sales. The London committee will not finance any sort of capital expenditure. The international Olympic committee requirements necessitate an undertaking that the government is the ultimate guarantor for funding the Olympic Games. The Olympic delivery authority which has been established for ensuring the physical infrastructure has an overall budget of 8.1 billion pounds....
4 Pages(1000 words)Essay

Finance & Accounting Year 2:

... Company Law There are advantages and disadvantages for Black Books plc of raising loan capital rather than share capital Debt financing gives the directors of Black Books plc the opportunity to keep and reinvest more of the company’s profits instead of paying it out as dividends to shareholders (Reference for Business, n.d.). Shareholders prefer to have an increased or constant dividend per share rather than a reduction in dividend per share. Issuing more shares to raise capital may result in a reduction in the dividend per share and this may cause the price of Black Books plc shares to fall. The interest paid on loan capital is allowable for deduction before taxes and therefore provides a shield for part of the company’s income... . The...
9 Pages(2250 words)Essay

Business finance-2

...? Business Finance Teacher’s [Pick the 11s Portfolio Theory and Its Implication to Investors in the Market Portfolio Theory Portfolio theory is tools investor used before committing themselves into long term or a short term investments in securities and equities. In the current investment world, people have different investment aims. One of the most renowned motives is earning income or returns on the investments value. However, economic research shows that using returns alone in selecting best investments option is not adequate. In order to spread risks, most investors diversify by investing in more than one type of security or portfolio. It should be noted that investors like returns but at the same time dislikes risk...
20 Pages(5000 words)Essay

HCM477-0802A-01 Finance in Health Care - Phase 2 Discussion Board 2

...FINANCE IN HEALTH CARE Introduction A budget is all the expenses and revenues planned and predicted by the management before they actually take place. It is like a monetary organizational document. In this paper, I will essentially describe the relationship between a departmental budget and a total facility budget, after which I will go over the budget cycle, the decision problems, and decision rules that may affect the relationships between the department and total facility. Discussion To fully describe the relationship between the two kinds of budgets, we first need to know what they are. So, what is a departmental budget? Departmental budgets are pieces of budgets that individuals and/or groups (departments) of an organization... of Year...
2 Pages(500 words)Essay

Finance SLP 2

...1. What is the value of your $10,000 of your country’s currency now? The best and fastest way for a person to determine the current value of any monetary unit in terms of another monetary unit is to locate a currency converter online. Xe.com is a website that is easy to use which provides currency conversions in real time. The current value of $10,000 in terms of Japanese Yen is 1,068,794.22 JPY. 2. Collect the following information: A) The daily currency values for the last week B) The currency values for the last week of last year C) The daily currency values for the last week two years ago. The currency values of USD to JPY were obtain in Oanda.com 7/12/2008 – 106.7960 7/13/2008 – 106.3260 7/14/2008 –...
2 Pages(500 words)Essay

Corporate finance 2

...approaches as very important for capturing the reverse causality between governance and performance and the potential endogeneity among the mechanisms of governance, as corroborated by all quoted studies. It can be concluded that based mostly on the work of Klapper and Love (2003), the governance determinants which respond to the signaling models are future growth opportunities, composition of firm’s assets, firm size, ownership structure, capital structure, corporate performance and dividend payout, besides the control variables industry and liquidity. References 1. Aharony, J. and Swary, I., 1980. Quarterly dividend and earnings announcements and stockholders returns: an empirical analysis. Journal of Finance 35,...
23 Pages(5750 words)Essay

Finance 2

...Answer Future Hedge: Hedge is a term used in finance which refers to establish a position in future. For this purpose, companies or investors areoften involved in Future Contracts to “hedge” the risk associated with the investment and prices of commodities. It is worthwhile to mention the fact that financial prices include interest rates, commodity prices, foreign exchanges rates and equity prices. Obviously, the changes or fluctuations in above factors might affect the expected earnings of a company. Firms are therefore involved in future hedging which means they make sales and purchase agreements or decisions in the ‘futures market to develop a known price level’ and mainly ‘to offset the risk exposure and to limit...
4 Pages(1000 words)Essay

Finance assignment 2

...to the amount incurred on the essential goods (Chiuri, 2000). Preparing a budget is completely different from following the budget estimates. Most households who prepare budgets fail to completely adhere to their set budgets. This is because most households engage in impulse expenditures (Weston, n.d.). Moreover, the unpredictable changes in prices of the foods and other conditions have made it difficult to follow the budgets. Moreover, following this budget require finance discipline, which is normally a major problem to the households. Most households are unable to forecast on the expected changes in economic environment or may fail to spread their budgets throughout the budget period. In most cases, households tent...
2 Pages(500 words)Assignment

Managing Finance 2

...Managing Finance Explain with examples how the cost of capital is determined. Cost of capital is the minimum acceptable rate on funds committed into particular investment project (Pratt & Grabowski, 2010). The acceptable rate is also referred to as the required rate of return, which is actually a composition of time and risk on the use of capital for investment (Brigham & Ehrhardt, 2011). The cost of capital may be determined by taking into account its components (Brigham & Ehrhardt, 2011). Some of the components that may help to determine the cost of capital include; 1. Cost of Debt. The cost of debt may be determined using the formula, Kd = I (1-T) ÷ Bo, Whereby Bo=market value/issuing price Kd= Cost of debt... ...
1 Pages(250 words)Assignment

Health Finance

...of these problem. Obamacare is aimed at make sure that health insurance is affordable and accessible to all the citizens in the United States of America. It is also going to encourage automation of healthcare services in the country. One common characteristic of automation is that it is going to lead to standardization of health care practices in the country. Automation of healthcare can also reduce the need for administrative practices in the industry. The obvious outcome is that the government will be spending less on administration in the industry. This means that at the end of the day the government will have to spend less on the country’s healthcare. References Berwick, D. M., Nolan, T. W., &...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Health Finance 2 for FREE!

Contact Us