There are not always happy endings to fairy tales. The financial risk can either boost or hinder a company to succeed. No matter if the money is from one’s pocket, borrowed or funded; there is a huge risk in losing a lot of money. If the money is borrowed, one will end up having a lot of debts. To prevent this, one needs to create good budget plans for the company and manage his money wisely.
CanGo has very low profitability ratios, low turnover ratios and a high debt equity ratio. All these demonstrates that it’s in Cango’s best interest to take control of their financial performance, and focus on generating cash for the company, make better use of available resources and ensure that they are able to generate profit. The company should not take more debt and need to focus on how to use their existing resources to generate more cash flow to be able to operate and meet their financial obligations. Under the current operating system debt is increasingly being
According to Rosenau, Lai, and Lako (2012), the United States health care industry P4P is one of the most important developments after capitation and managed care. The target of P4P is to change the behavior patients, physicians, and those working in the health care industry through a system of rewards and punishments. The P4P bonus for physicians can become the form of an add-on to his or her salary to the general fee-for-service. A bonus for a hospital can be additional payments beyond the payments received through the diagnosis group based payment. A punishment through the P4P system can end in the reduction of compensation or other penalties.
Pay-for-Performance Tarvis T. Edwards HCS/531 November 03, 2014 Rachael Kehoe Pay-for-Performance Even though the effects of pay-for-performance will influence the future of health care in patient care, reimbursement to the healthcare providers will require close monitoring. The physician receives reimbursement for providing quality care and for making quality innovations. Pay-for-performance offers financial incentives to close the gap in healthcare the patients receive and the healthcare the patients could receive. The effect of pay-for-performance for the healthcare providers depends on his or her quality and efficiency of services he or she provides
1. What’s meant by financing? What are its desirable and undesirable effects? Financing refers to any mechanism that gives people the ability to pay for health care services. For most people, financing is necessary to access health care.
1. The Household Debt Bubble Abstract: Comments on the decline in real wages & paradoxical rise in consumption in the US, arguing that the potential exists for particularly negative consequences. Data on the family debt burden indicate the class nature of the distribution of household debt, with mortgages, credit cards, & installment buying the areas of highest debt for most families. It is argued that low-income families are prime targets for predatory lending, eg, payday loans, subprime mortgage lending. Of greatest macroeconomic significance is home-secured borrowing, & it is contended that the housing bubble & strength of consumption in the economy are linked to the "household debt bubble," which could burst if interest rates rise & housing prices stagnate or decline.
Economics plays a major role in health care because it focuses on the financial aspects of the overall health care system as well as acknowledging the financial elements impacts the patient. In general economics refers to the science that deals with the production, distribution, and consumption of goods and services, or materials welfare of humankind. Economist examines health care by using economics to make structured choices for improving the access to health care services and maximizing welfare for patients with different income levels. The authorization of HMOs strengthened efforts to manage health care costs by mandating preventive health measures, and managing how patients received services from high-cost medical specialists (Oster, K. V.
Performance elements of HMO plans include price, benefits and service delivery. The price must be at the right point for the patient to afford the plan. There must be a standard amount of benefits to accommodate the patient for different types of illnesses and care needs. The HMO must effectively delivery services to patient with quality to maintain satisfaction. Reimbursements should be processed in a timely manner.
Laws and Regulations The health care industry has several governmental regulatory bodies. These governmental regulatory bodies provide the public with services that protect from insurance fraud to individual privacy. The Department of Human and Health Services help protect an individual from many health risks and at the same time provides programs for public health and welfare. This agency provides and oversees legislation for health care. Regulatory agencies provide guidelines and rules of conduct for physicians, health care practioners, health care products, health care facilities, and public health.
.) Banking panic are ridiculous, but many believed that the debt caused by farms and the U.S encouraging banks of any kind could’ve started a fire that later spreads and causes panic that allowed the stock market to crash. (Romer,