Week One Health Care Financial Terms Worksheet Essay

The financial mangers goal is acquisition, financing, and management of assets. The challenges are investment, financing, and asset management decisions.

After you define each term, describe in 40 to 60 words the health care setting in which each term would be applied. Include at least two research sources to support your position—one from the University Library and the other from the textbook. Cite your sources in the References section consistent with APA guidelines.

HMOs are usually the least expensive health plans, offer predictable costs for health care, the least administrative paperwork, and cover preventive care (Barsukiewicz, Raffel, & Raffel, 2010). However, HMOs also restrict direct access to specialists by requiring referrals by a PCP, requiring patients to see a provider in the HMO network, and often not covering more costly procedures or care options, because care is managed to control excessive or unnecessary care. Providers gain if they provide less care (Austin & Wetle, 2012). This incentive could affect patient-provider trust.

Locate and select an article which discusses performance-based trends in patient safety, risk management, or quality management in health care organizations. Provide a summary of your findings and explain how and why the trend(s) would or would not be effective or successful in your workplace or in an allied health organization in your chosen field.

Therefore the annual interest rate is 8% and the effective annual rate compounded quarterly is 8.24%

Question 9: Compare using a chart the classifications, taxonomies, nomenclatures, terminologies and clinical vocabularies used in healthcare claims processing.

In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. In the scenario, you may wish to consider the following:

The following terms are provided with definition to increase the reader’s understanding of this study.

2. Relevance- Make sure that the services provided actually pertain to the patient's health condition.

This lesson comes from a 300-level undergraduate health care management course utilizing the the basic concepts of health care management including: foundations of effective management; ethics and legal issues; cultural diversity decision making; planning and organizing; motivation, teamwork and communication; delegation, hiring and managing employees, conflict leadership, time management; budgeting and program assessment. The assignment is the culmination of Bloom's Taxonomy higher-level learning methods. This assignment has students break down the necessary components of running an effective meeting with a health care focus.

“If a healthcare professional are able to send and receive data in understandable and usable manner, both the sender and the receiver must have common clinical terminologies for describing, classifying, and coding medical terms and concepts. Use of standardized clinical terminologies facilitates electronic data collection at the point of care; retrieval of relevant data, information, and knowledge; and reuse of data of multiple purposes (e.g., disease surveillance, clinical decision support, patient reporting).

Terminologies contain of groups of words or phrases, named terms, combined in a systematic fashion to characterize the theoretical information that makes up a given knowledge area, such as clinical cardiology or pediatric orthopedics. Terms in a terminology commonly correspond to actual procedures or objects and to their reasoning representations in people's minds “called concepts” (2006). Clinical border terminology as an organized collection of health care connected phrases (terms) that supports clinicians' entry of patient associated data into computer programs, such as clinical “note capture” and decision support

In chapter 2, it discusses the different forms of payment for health care. A key learning point of this chapter is determining what way is best when financing for health care. It is important to know what the problems of each financing form there is and how it can

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds for an organization. It means applying general management principles to financial resources of the enterprise or organization. The scope of financial management can cut across a wide range of the organizations departments and can involve investment decisions including investment in fixed assets. Investment in current assets is also a part of investment decisions called working capital decisions. Financial management also involves making financial decisions. These relate to the raising of finance from various resources which will depend upon decision on type of

Develops self-acknowledgment in each social insurance or healthcare employee particularly hospital nurses who straightforwardly associate and interact with patients and their families