Funding and Reimbursing Healthcare

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United States vs. Foreign Nations: Funding & Reimbursing Healthcare Services United States vs. Foreign Nations: Funding & Reimbursing Healthcare Services In this document I will discuss the health care system of three foreign nations versus the United States. Specifically, focusing on how physicians and hospitals are reimbursed and funded in the United States as opposed to foreign nations. The three other foreign nations that will be involved in this discussion will be: Germany, Canada, and United Kingdom. Reimbursement/funding of health care services varies from nation to nation. Each of these countries inhabits a different point on the international healthcare continuum. In this critical analysis you will read about the…show more content…
Instead of viewing healthcare as an expense, this system will cause Americans to think of healthcare as an investment and evaluate services and costs based on the return on investment. If this system is utilized, management will be forced to pay attention to refining the quality of care delivered to patients along with the timeliness and manner, which will lead to better clinical, quality-of-life, and economic outcomes (Watanabe et al, 2004). In order to try to implement this sort of reimbursement system, the system would need to reward specific behaviors that providers and patient’s display. It would also need to reward behaviors it wants to encourage such as preventative medicine. This system would reimburse providers based on the level of commitment they offer towards the health of individuals and the community. Germany Germany was the first country in the world to legislate health insurance as compulsory for all. The nation has a contribution-based social insurance model (Doring & Paul, 2010). According to Bodenheimer and Grumbach, Germany and “its pioneering law of 1883 required certain employers and employees to make payments to existing voluntary sickness funds” (2012, p. 169). The sickness funds would compensate for the covered employees medical care. Germany provides statutory health insurance (SHI) to about 90% of its population and private health
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