MH0054 – Finance, Economics and Planning in Healthcare Services

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ASSIGNMENT

DRIVE	SUMMER 2016
PROGRAM	Master of Business Administration in Healthcare Services Management – MBA(HCS)
SEMESTER	Semester 3
SUBJECT CODE & NAME	MH0054 – Finance, Economics and Planning in Healthcare Services
BK ID	B1215
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question.1. Explain medical billing process in healthcare organisations.

Answer:The medical billing process is not undertaken by a single individual. Medical coding involves front office administrators, such as receptionists, as well as back office staff, including the medical biller and coder. It is important to understand every step of this process if you intend to pursue a career in medical billing and coding. For the purposes of this lesson, we will cover the end-to-end process of medical billing as a whole, and not just the responsibilities of the biller and coder.

The primary job of medical billing specialists is to:

Question.2. Explain cost allocation in healthcare organizations.

Answer:Cost accounting in healthcare has never been more important, but is often considered too difficult, expensive or resource intensive for many healthcare organizations. Additionally, other critical applications such as EMRs have been the primary focus and resource drain over the last decade. However, our industry is undergoing significant change and pressure is coming from all stakeholders to lower the cost of healthcare. For those

Question.3. Throw light on the incentives available for healthcare sector under the Income Tax Act.

Answer:The concerned division of the Department of Revenue, in a quiet announcement on the department’s own website, has stated that various tax incentives and deductions under the Income Tax Act are being reviewed, and in this regard it would like to invite comments “with supporting rationale” for their removal or continuance.

But the manner in which the notice has been put up leaves much to be desired. The notice states that “the Government is keen to involve all stakeholders in this exercise.” If it is so keen, how come no one has heard of this quiet exercise? Even D.N.I.S. got this information very late. If the concerned department was genuinely looking for views, the announcement

Question.4. Explain budgeting techniques in healthcare services.

Answer:During the last decade there has been a recognition that all health care systems, public and private, are characterised by perverse incentives (especially moral hazard and third party pays) which generate inefficiency in the use of scarce economic resources. Inefficiency is unethical: doctors who use resources inefficiently deprive potential patients of care from which they could benefit. To eradicate unethical and inefficient practices two economic rules have to be followed: (i) no service should be provided if its total costs exceed its total benefits; (ii) if total benefits exceed total costs, the level of provision should be at that level at

Question.5. Explain different methods of evaluation of healthcare services.

Answer:Health care evaluation is the critical assessment, through rigorous processes, of an aspect of healthcare to assess whether it fulfils its objectives. Aspects of healthcare which can be assessed include:

·         Effectiveness – the benefits of healthcare measured by improvements in health

·         Efficiency – relates the cost of healthcare to the outputs

Question.6. Explain the importance of healthcare planning. Add a note of types of healthcare planning.

Answer:Health care or healthcare is the maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in human beings. Health care is delivered by health professionals (providers or practitioners) in allied health professions, chiropractic, physicians, physician associates, dentistry, midwifery, nursing, medicine, optometry, pharmacy, psychology, and other health professions. It includes the work done in providing primary care, secondary care, and tertiary

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