Choosing a career you would like to pursue for the rest of your life can be quite the hassle. You have to consider your strengths and your weaknesses along with the changing economy. If you do not take into consideration those things I just said, you might be unhappy with the career you chose. The career I chose to pursue is a medical laboratory technician. A MLT is a person that performs medical laboratory tests for the diagnosis, treatment and prevention of disease. During their job, they analyze bodily fluids, conduct blood tests and transfusions, examine cells stained with dye, record test data, take care of laboratory equipment, consult with pathologist about abnormal cells, and collect
Patients who use peritoneal dialysis change their own cleansing solutions at home, usually about six times per day. This procedure can be done manually when active or automatically by machine when sleeping. However, the patient’s overall condition, as well as the positioning of the catheter, must be monitored regularly by nurses and technicians at the Dialysis Center (Gapenski, pg. 27-28). The Outpatient Clinic currently takes up 80 percent of the space it shares with the Dialysis Center. The recent growth in volume has created a need of 25 percent more space for the Clinic. Its large size compared to the Dialysis Center and its patients frequent use of other departments in the hospital are justifications as to why it was decided to move the Dialysis Center to another building. Big Bend Medical Center currently doesn’t have adequate space to house the Dialysis Center, so it was also decided to build a new 20,000-square-foot building. This expansion and move were went to benefit both departments and help increase patient volume. The goal of increased patient volume is expected, but the directors and other department heads did not agree with the new allocation of indirect costs. In the past, facilities costs were aggregated, so all departments were charged cost based on the average embedded cost regardless of actual age of the space occupied. Since many department heads considered this
The common cost allocation methods which are used most often by health care organizations are the direct and the step- down methods. These methods are commonly used to help determine the costs of the services provided by the health care organizations. It is important to these agencies to know the costs of operation for each department. They can make smart business decisions on whether they can make investments, determine which department is making a profit or losing one, make improvements where necessary and have a sense of foundation for the future. There are other common cost allocation methods for patients-level costs, such as relative value units (RVU), ratio of cost to charges (RCC) and activity based costing (ABC) which gives us
Payment for services will determine the advancement of technology. Research for cures, disease prevention, and new medications are examples that humans value. The involvement of the CMS affects many health care organizations. Even with the new health care reform, costs continue to rise and there remains a lack of access to many.
The careful documentation and subsequent billing process within the course of a patient’s care is an important piece within the healthcare system as a whole. Proper documentation in a patient’s chart relating to any service or procedure is not only important for this patient’s future medical care, but for the facility to receive an accurate reimbursement for the services provided. Reimbursement is affected by every department within the hospital. Healthcare is a business in the long run, and inaccuracies within the reimbursement process will affect the financial stability of the hospital. If a department is mismanaging reimbursement data it could result
In a world of budget cut and layoffs, medical corporations face new and different challenges in addition to helping and healing patients. I used to work as a medical biller in a physician’s office for five years and I experienced how difficult for the health care providers to get reimbursed. The government and the insurance companies have been limiting the budget towards the health care services. This action also affects the hospitals greatly because Centers for Medicare & Medicaid Services (CMS) and some policymakers have requested the hospitals to reduce the
A challenge that the healthcare nation is facing is to provide the quality of care that is expected and obtain low healthcare cost. Working hand in hand with the private sector and government is in hopes of improving the quality of care that each patient deserves and maintaining the cost so that research can continue. The purpose of this paper is to look into relationships between healthcare cost and quality healthcare.
Health care economics involves making plenty of choices. Individuals, groups, businesses, and organizations choose how to use resources . Economics and health care are linked, because health care professionals apply economics in their everyday professional activities. They are able to do this through resource allocation. Any health care organization has to plan out how they will use their resources to their advantage. Health care economics are able to incorporate terms like cost, quality, and resources. In this paper, I will compare these terms as they relate to health care economics. In this paper, I will also explain how they
Revenue determination is an important tool for health care organizations because it allows for efficient management of payment systems. This paper will look at the different components that form the payment-determination bases of revenue determination. Moreover, the difference between specific and bundled service payments will be discussed. Lastly, the three ways health care providers control their revenue function will be highlighted.
4. Explain how the revenue from medical (pharmacy) supplies is currently handled for profit and loss reporting purposes. Is there a problem with the current system? Is there a better way of reporting this revenue? If so, what is it?
Fraud and abuse per our textbook can occur by unbundling and billing for a battery of services such as the laboratory tests separately as this was the issue referenced in the District Court Order of Ohio Hospital Association, et. al. v. Shalala. It was identified in number two of the footnotes that “Reimbursement was actually provided by a ‘fiscal intermediary,’ which contracts with the government to make determinations regarding coverage and payment (Ohio Hospital Association, et. al. v. Shalala, 1997).” This fiscal intermediary’s accountability in the case would bring about a discussion regarding if this was an innocent mistake, negligent conduct, or
The revenue cycle and reimbursements can be interrelated by the fact that sale of medicines generates revenue and reimbursement will affect the stock. The delivery of services to patient are also a part of reimbursements and revenue cycle. Since this facility primary financial resource relies on Medicare and Medicaid reimbursement. Quality of services seems to need improvements as better services to patients
Corresponding with other facilities as to what kind of reimbursements they are receiving, and which ones provide the highest revenue, would be quite beneficial to a provider. One thing that a provider must also take into account, is the fact that if a proper diagnosis is not tied into a procedure, payment may be lowered or not made at all. That is why hiring an experienced billing clerk is crucial to a facility (Healthcare Management, (2002), IPA clinic coordination by: Ingrid
After discovering my passion for science and math, I pursue a career in Clinical Laboratory Science with enthusiasm. My desire to study this subject originates from the exciting and rapidly-moving subject area that is highly relevant to major issues facing society today. Clinical Laboratory Scientists play a crucial role in the healthcare field; in detection, diagnosis and treatment of disease in patients. My goal is to be involved in the latest advances in medical research and to constantly be expanding my knowledge about my field. On top of this goal, Clinical Laboratory Science remains a challenging, rewarding and inspiring topic that will motivate and shape my career for my entire life.
I chose Clinical Laboratory Science as my major and career for multiple reasons. Ever since I was young I knew I wanted to have a career where I could help people. I have also always wanted a career that was in the medical field; a career that is constantly changing and that will challenge me daily. It wasn’t until after I had taken Microbiology that it was clear that I wanted a career that was in a laboratory setting. This class and Professor helped me find my passion. I felt at home using a microscope and learning about diseases. It didn’t feel like school to me, it was something I was good at. It wasn’t until after I saw two of my grandparents go through the traumatic experience of having cancer that I knew I wanted a career where I could