Prepare a 2-page SBAR report with an executive summary addressing the following issue:
Charging for individual services and supplies makes it difficult to manage healthcare costs. One of the approaches to resolve this is creating “insurance bundles.” An insurance bundle is a standardized set of well-defined supplies and medical procedures. The insurance bundle is set up as a “fixed cost” item. One price for all the procedures, supplies, and equipment is defined and offered to insurance carriers as the contracted reimbursement. Review the following article and identify challenges or roadblocks that would make insurance bundles difficult to implement.
Moreover, hospitals and health systems may struggle with accurately tracking utilization data associated with specific services or supplies included in an insurance bundle since often times such data is collected across multiple locations which makes it difficult identify discrepancies or any potential areas waste needing addressed (McDonough et al., 2020). Finally, larger organizations could face issues when attempting customize bundles address specific populations thus preventing them from successfully catering different target audiences efficiently (McDonough et al., 2020).
Overall. there numerous obstacles need tackled order bring about successful implementation bundling payment system for healthcare covered under insurance policy. Such challenges include standardizing services & equipment for each package understanding needs patients varying certain teams provide adequate coverage different segments population while still maintaining competitive prices to protect both insurers and consumers alike first foremost.
018). Hong Kong is a piece of China, yet the main things the Chinese government controls in Hong Kong is unfamiliar relations and the military. The populace filled in Hong Kong from 600, 000 to 6 million of every fifty years (Friedman, 1998). This populace development was because of individuals escaping from the socialist province of China to Hong Kong. A significant disadvantage to decreased monetary opportunities, is the diminished political opportunity that ordinarily accompanies it. The two issues have progressively reduced in China since the level of their socialist rule. It’s obvious that individuals favor opportunity over control from the way that individuals escaped from their controlling to country, to a free country.
Friedman has said that Hong Kong has a Free enterprise economy since government financial spending in Hong Kong is all things considered 15% of the public pay (1998). Free enterprise is French for “let it do”. Comparable to financial aspects, Free enterprise alludes to negligible obstruction in financial matters by states. Hong Kong is exceptionally near having a free enterprise economy, which has its advantages. Hong Kong is tiny in size, and subsequently has not many regular assets; regardless of this, Hong Kong’s economy is blasting. Its GDP, Gross domestic product, per capita is the seventeenth most elevated on the planet, at $61, 400 (The World Factbook, 2017). A high Gross domestic product per capita demonstrates an elevated expectation of living since there is a lot of financial result per individual. The higher the Gross domestic product per capita is, the more probable it is that general society is happy with their country, which in this way prompts a lower probability of political uprisings.
Not at all like Marx’s hypothesis that free enterprise is just a phase that is toppled by individuals who search out socialism after their disappointment with private enterprise, the Soviet Association was broken down since individuals were discontent with the socialist framework. The non-serious nature of socialism has negative ramifications on all levels. The average realizes they are ensured similar advantages paying little heed to how much work they’re doing, and the way that well they’re getting it done. The space for financial development is insignificant. At a more significant level, there is no rivalry between firms, which causes a stagnation. No monetary development prompts misery, which prompts political kickback, and insurgencies.
Free enterprise brings about financial development since it takes care of advancement through contest. China has fostered an undeniably unregulated economy. The Soviet Association was creative at whatever point they were engaged with rivaling the US, however for items just circulated inside their country, it was dependably