1: Should the information pertaining to actual claims incurred as of the balance sheet date that became available after the balance sheet date be considered in determining management’s best estimate of the medical benefits payable? If so, how does this information impact the amount recognized or disclosed? We identified that the information pertaining to actual claims incurred as of the balance sheet date that became available after the balance sheet date should be considered in determining management’s best estimate of the medical benefits payable. ASC 450-20-25-6 states, "After the date of an entity's financial statements but before those financial statements are issued or are available to be issued (as discussed in Section 855-10-25), information may become available indicating that an asset was impaired or a liability was incurred after the date of the financial statements, or that there is at least a reasonable possibility that an asset was impaired or a liability was incurred after that date. The information may relate to a loss contingency that existed at the date of the financial statements."
Payment is expected at the time of service. I acknowledge my responsibility for myself and my dependents to pay the charges determined by [health center name]. DBA [health center name]. I understand that the information pertaining to the sliding fee scale assessment will be verified by the organization. ________________________________________ _______________ ______________ Signature of Patient, Parent or Legal Guardian Interviewer Date Acknowledgement of Receipt of Notice of Privacy Prueba de recibo de “Aviso de Practicas privadas” I, _____________________________ have received the Yo _______________________he recibido una Notice of Privacy Practices from [Health Center Name] copia de “Aviso de Practicas Privadas” de la clinica [health center name].
Running head: HEALTH CARE SYSTEM EVOLUTION PAPER: MANAGED CARE Health Care System Evolution Paper: Managed Care Patricia Alexander University of Phoenix HCS 310 Michelle Crakes May 11, 2009 Health Care System Evolution Paper: Managed Care What can be said about the evolution of health care delivery systems and how it has influenced the current health care system? Let us examine the evolution of health care delivery as it pertains to managed care. What is managed care? Managed care is the collaboration of suppliers and payers into a single organization developed to manage health care costs by monitoring accessible care and utilization of services within a particular population (Corder, et.al, 1996). Managed care has evolved into the force behind coordinating, managing, and financing healthcare delivery.
MHC Case Study BUS680: Training and Development Dr. Katie Thiry March 24, 2014 MHC Case Study MHC’s Marketing Position Strategy MHC is moving in the right direction as it pertains to creating a sound strategy which will bring about profit and value to the company. Understanding that the company is consistently losing money was the first step to realizing that the company needed a new strategy in place. The company understood that the technology needed to be upgraded and were able to put a process in place that would enable it be competitive and marketable. Lastly, the institution looked to improve its efficiencies in basic health care and outpatient services. “The second prong of the strategy was directed toward the hospitals and was focused on improving efficiencies in basic health care and outpatient services” (Blanchard & Thacker, 2013, p. 51).
In this journal, I will be reflecting about how insurance companies, hospitals, and patients can use Cost-benefit analysis for sustaining a life. First and foremost, Insurance companies routinely use cost-benefit analysis in healthcare to set policies and decide whether to approve claims. Many companies have blanket policies on general treatments, to either approve or deny them. If the cost is unacceptably high and the benefit is marginal or low, the company may deny treatment. In the event of an appeal, it can perform a more rigorous analysis of the situation.
On an international foundation, the development of health care policy is aggressively being influenced by cost considerations. Managed Care is a system that incorporates the financing and delivery of appropriate health care using a wide-ranging set of services. Managed Care for a variety of payers was once seen as an effective approach to backing up health care quality while keeping under proper control costs. The power of nations and communities to pay for this care from available resources is a major of debate. During the past decade, the attractiveness of this access to many employers has faded and prospects for limiting health care costs have been baffled.
Understanding the community and the health care that is available is key to any aspect, that way the patients are treated with the utmost possible care. Leaders must be aware of all the aspects of health care that may change with new Affordable Health Care law. Leaders must communicate clearly to the public and to the staff, so that they may be able to receive and provide proper care. Insurance rates are high and are ever climbing higher, which unfortunately means that less people will carry insurance. This may mean that Medicaid will carry more people and more debt may be incurred due to non-payment of medical bills.
When ensuring that every patient receives quality care there are several things we must consider such as healthcare costs, medical technology, and most of all the credentials of physicians chosen to render services to patients. All these things play a key role in providing quality healthcare. First there is the insurance part of our healthcare system and many are concerned about the rising cost in healthcare. Managed care companies are collecting more in premiums but yet paying less for services rendered to it is members. Most people have a managed healthcare plan through an employer or self employment.
It is first important to understand the concept of health promotion in today’s environment. Health promotion allows one to empower and educate individuals to make lifestyle choices and changes to promote their health and help prevent disease. This can be challenging when individual health beliefs differ. According to Whitehead (2004) the concept changes with demands, it is delivered by health workers but has become politically driven as the nation’s health changes. As a consequence strategies for health promotion can be influenced by the financial demands to the NHS.
However, working adults can use the benefits of the medical insurance, which will give them an opportunity for a decent medical service and reduce the general taxation burden. The issue of health care throughout the years has been a major issue in the society in the United States and it is one of the most important aspects of an election campaign of any political party. One issue concerning healthcare is that it is very expensive and more than 52 million people do not have any coverage or they have less adequate coverage. In addition, it is very important for people to have coverage for general healthcare maintenance and just in case, something drastic occurs, in their life. A well-organized, efficient health care system is not that easy to provide and one of the key problems on the way to the ideal hospitals and medical help is proper funding.