The proposed private primary care is the Shadge Hospital. Its main specialization will entail monitoring patient’s health data by use of wearable monitoring devices. The business model of this private primary care is built around the need to over value to customers by monitoring their health remotely (Grayston, Fairhurst & McKinstry, 2019). The potential customers for the business include the aged population which is at a high risk of blood pressure and heart disease (Vu, Bales & Bredenkamp, 2020). The data obtained from their customers will be relayed to a data center for action.
The Shadge hospital is located in a community of 650,000 people. Within this community, there isn’t any primary care health facility that offers the same services. However, the population of the target customers is 4 percent since the larger majority are the youth. Thus, it is likely to experience a maximum volume of patient visits of about 26,000 patients. This volume might however change depending on the demographic changes in the coming years.
While calculating revenue for Shadge Hospital, all calculations were based on a single estimated sale price, which is $400 and a single estimated purchase price, which is $300. The materials cost for Shadge Hospital’s products is calculated by using this equation:
???????????????????????????????? ???????????????? = ???????????????????? ????????????????????????????????????/???????????????????????????????????? × ???????????????????????????????????? ????????????????????????????? ????????????????????. The following statements and reporting give a projection of Shadge Hospital’s monthly and annual revenue as per the provisions of López, Rich & Smith, (2015).
There’s an obvious logic as to why the 26,000 volume of patients is logical. As mentioned in prior sections, the Shadge hospital is located in a community of 650,000 people. Within this community, there isn’t any primary care health facility that offers the same services. However, the population of the target customers is 4 percent since the larger majority are the youth. Thus, it is likely to experience a maximum volume of patient visits of about 26,000 patients. The revenue projection forecasts the amount of sales the healthcare facility can generate in a year’s time. Similarly, the expenses calculator gives a projection of the hospital’s total fixed costs in a year’s time.
3-year Operating Budget
The Shadge Hospital
Th
MonthlyAnnually3 yearsSales€17,744€212,928638,784Variable costsmaterials€13,248158,976476,928direct wagesotherTotal variable costs€13,248€158,976476,928Gross profit/contribution€4,496€53,952161,856Fixed coststarget salary (incl. taxes)€2,00024,00072,000rent€8009,6002,880electricity, heat, water€2002,4007,200advertising€1501,8005,400insurance€1501,8005,400transport€1501,8005400telephone/internet€2503,0003000stationery/postage€506001800repairs/renewals€506001,800depreciation€6007,20021,600local taxesotherTotal fixed costs€4,400€52,800158,400Net profit€96€1,1523,456Break-even point = A/B x C€17,365€208,381625,143
Break-even Analysis
Total fixed costs€4,400€52,800(Net profit€96€1,152Break-even point €17,365€208,381
Hint: Break-even Point is given by A*B*C.
Internal Rate of Return
To determine the Internal Rate of Return, it is critical to calculate the initial investment first as below:
The Shadge Hospital – Investment calculation
Rental deposits (3 months)85m2 (900Sqft) furnished accommodation in EXPENSIVE€2,700areasRenovation€4,000Telephone, fax, copying, internet€250Computers and software€3,000Furnishings & fixtures€1,500Supplies€1,000Marketing investment€1,000Registration fee€225Initial inventory (100 devices x 300 dollars)€30,000Working capital€10,000Total capital requirement€53,675If Year 1’s Cash flow is 17,361, year 2’s cash flow is 208,381, and year 3’s capital investment is 625,143, then the IRR is 132.56%.
Net Present Value
Present Value of Cash Inflows (PVIFA) = 657,678
Net Present Value (NPV) = 604,003
Starting the Shadge Hospital is a calculated financial risk. From the cash flow analysis above, it is evident that business will definitely work out. The business has a strong business model of offering primary care to aged population and at the same time, selling them wearable technologies to monitor their conditions.
The fundamental aspects that have to be taken into consideration when implementing these projections include keeping all factors constant, more so when it comes to marketing. Another fundamental that can be reflected in the finance projections above is the lack of competition. Within this community, there isn’t any primary care health facility that offers the same services. However, the population of the target customers is 4 percent since the larger majority are the youth. Thus, it is likely to experience a maximum volume of patient visits of about 26,000 patients. The revenue projection forecasts the amount of sales the healthcare facility can generate in a year’s time.
Health is an integral part of human life and the law also allows one to access quality health. The health of the population determines the life expectancy of a population and health outcomes. A better healthcare system leads to a better outcome and increased expectancy as most people will access timely care. Health delivery systems are practices or processes of availing healthcare services to the population (Brach & Borsky, 2020). The effectiveness, accessibility, quality, and affordability will determine if a population will adopt the health care delivery system or not. A better healthcare delivery system is measured in terms of morbidity, mortality, life expectancy, and the presence of preventive measures. Several models of healthcare delivery systems exist in the United States, aimed at both enhancing access to care and improving population health. The modes described in this paper include managed- care, self-directed services, and telemedicine. The discussion will include the similarities, differences, description of the model, and their effectiveness.
A managed care plan is based on the principle of transferring all or some vital service delivery protocols to the healthcare providers. Health maintenance organizations (HMOs), managed fee-for-service plans, and preferred provider organizations (PPO) form part of the managed-care plans. Among the fundamental components of managed care plans include promotion of health, capitation payment, reasonable pricing of services, peer review, and criteria for quality check. According to Heaton and Tadi (2021), physicians, pharmacies, hospitals, and companies offering home care do share the emerging financial risks. Peer review is important in tracking the amount spent compared with the quality of services offered.
Capitation payments help in reducing cost through payment of the prior agreed fee for services offered to the patients between the insurance company and the health care providers such as physicians. Prospective pricing and bundling of services are essential in reducing inpatient costs, thus affordability of care. This model ensures that only relevant items including correct prescription are given to the patient to help in cutting down the unnecessary cost. The principles of managed care have led to reduced inpatient services to Medicare beneficiaries, helped in redirecting services to alternate providers, lowering prices of services by HMOs and PPOs (Heaton & Tadi, 2021).
The mission of Managed care focuses on reducing the cost of care while encouraging competition and encouraging accountability of the administration (Heaton & Tadi, 2021). It focuses majorly on improving the healthcare quality thus improved services offered with a better outcome. The agreement between an insurance company and specific hospitals or doctors must be honored regardless of the number of patients that access care. This leads to reducing the cost of care and enhancing easy access to medical services. The vulnerable population including the elderly, disabled, the poor and children can be included in this model to enhance easy access to services.
Telemedicine includes using technology to offer care to patients in remote settings in their homes. Electronic communication and software are used to offer remote services without patients visiting the facility (Kichloo et al., 2020). Audio and video connections can be used in the follow-up of patients, management of medications, chronic disease management, consultation, preventive care, and offering care following discharge. For example, people with chronic conditions are taught how to self-monitor their sugars and communicate to their health care providers in case of any danger signs. The healthcare providers respond to patient concerns including offering timely interventions.
Services offered through telemedicine include surveillance, health promotion, diagnostic, prompt care, and public health functions (Kichloo et al., 2020). The patient is in direct communication with the healthcare providers and the patient addresses his/her concern to the care providers. Danger signs are diagnosed and care provided early enough. Health promotion services include educating on cessation of smoking and weight loss to prevent the occurrence of heart diseases. School-going children have also benefited from telemedicine services. In case a child becomes ill in school, technology can be used to link up with healthcare providers who will provide instructions or reassure the parents.
Compared to in-person visits, telemedicine offers major advantages to both the provider and the patient. The patient, for example, will reduce travel expenses, reduced exposure to contagious disease, less time spent out of work, increased privacy, and reduced interference of responsibilities (Kichloo et al., 2020). The providers o the other hand will; offer improved patient follow-up, reduced missed appointments, improved efficiency of the office, and encourage reimbursement of the private payer. The final achievement is the provision of quality care at a reduced cost. Effective management of chronic conditions such as diabetes and hypertension reduces the incidences of heart diseases and stroke.
Telemedicine aims at offering quality care at a lower cost through timely care, increased knowledge exchange, enhanced research, and the application of science and technology in the provision of quality care. The application of telemedicine is relevant in the current situation of the COVID 19 pandemic (Kichloo et al., 2020). Guidelines offered to reduce the spread of COVID 19 include social distance, wearing the mask, washing hands regularly, and staying at home. Telemedicine offers an opportunity for the offering of services without contact thus prevent overcrowding in hospitals.
Self-directed care services are defined by the philosophy that allows the participants to be actively involved in their care including in decision-making. According to Cook et al. (2019), such patients can assess the quality of services, evaluate the services, determine how services are offered, and decide on whoever will provide the services. Participants focus on person-centered services and offer all specialized management. Decisions are made by the participant regarding the service providers and mode of service delivery. Self-directed care falls under Medicaid services allowing patients to hire providers that will address their personal needs.
Planning for a person-centered process requires prioritization of individual needs and designing the best possible plan that suits an individual. According to Hamovitch, Choy-Brown and Stanhope (2018), factors including strength, desired outcomes, needs, and preferences guide the type of plan to be adopted. Contingency planning is necessary when assessing risks. This model ensures that more services can be offered to the patient, which in turn results in improved outcomes. Self-directed care is a common in-home care and nursing homes.
Whoever is chosen to provide care must always be present. Services offered are dictated by the needs of the patients and the directives offered. Resources required to meet the needs of the patient must be offered to enable the achievement of goals. The attention and services offered to patient leads to better health outcome.
The mission of self-directed services is to support physically disabled individuals and elderly people with independent person-centered care (Cook et al., 2019). Commitment and taking up responsibility are vital in offering quality care. Choices, inclusion, and development of community health promotion are necessary for self-directed care. This model ensures that high-quality, individualized care is provided to meet the needs of a patient.
Health care delivery systems are essential in determining the choices made by providers and patients. Both health care delivery systems aim at providing quality care while reducing costs. Telemedicine is an integral field that ensures remote care thereby reducing overcrowding in healthcare facilities, makes it easier for individuals to access immediate care and allows for easier remote patient monitoring. An individualized care plan, as described in this paper, is essential in ensuring better healthcare outcome.
ORDER HERE FOR ORIGINAL, ORDER THROUGH BOUTESSAY ON Healthcare Data: Describe the two online databases you worked with in VLab
The purpose of this assignment is to reflect on how technology assists with the management of healthcare data to improve services and outcomes. This is a reflective paper that is intended to be completed after you have successfully completed Tableau VLAB Activity 3.
In a 750–1,000 word reflective essay, discuss how health information technology assists with the management of health data. Include the following in your essay:
Prepare this assignment according to the guidelines of APA Style.
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part, and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized.
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized.
Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.
The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.
ADDITIONAL INSTRUCTIONS FOR THE CLASS
Discussion Questions (DQ)
Weekly Participation
APA Format and Writing Quality
Use of Direct Quotes
LopesWrite Policy
Late Policy
Communication
Communication is so very important. There are multiple ways to communicate with me:
Find an article related to nursing’s role in leading change in our current healthcare environment & complete an Annotated Bib based on the attached instructions. The article must be < 5 years old.
An Annotated Bibliography includes a summary, assessment & reflection of an article. The annotation aims to inform the reader of the article’s relevance, accuracy, and quality. Your annotated bib assignment should include a paragraph for each component (use these headings).
See Annotated Bib Assignment grading rubric. See the OWL website for examples and samples of annotated bibliographies*. 1.
Summarize: brief paragraph of the main points/topics
a. Was this a useful resource – why or why not?
b. Is the information reliable?
c. Is this source biased or objective?
d. What is the goal of this article?
e. See OWL handout on “evaluating resources”*
3. Reflection: examining and interpreting experience to gain new understanding.
a. Was this article helpful to you?
b. How can you apply this information to your practice?
c. Has the information changed how you think about this topic? *
Owl Purdue Online Writing Lab https://owl.english.purdue.edu/owl/resource/614/1/
Annotated Bib Assignment: • Find a peer-reviewed article (<5 years old)
? Submit a 1-page Word document
? Title page not necessary; maybe single-spaced; APA format for reference
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort, and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized.
Read over your paper – in silence and then aloud – before handing it in, and make corrections as necessary. Often, having a friend proofread your paper for obvious errors is advantageous. Handwritten corrections are preferable to uncorrected mistakes. Early Childhood Safety and Health Discussion
Use a standard 10 to 12 point (10 to 12 characters per inch) type ace. Smaller or compressed type and papers with small margins or single-spacing are hard to read. Letting your essay run over the recommended number of pages is better than compressing it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.
The paper must be neatly formatted and double-spaced with a one-inch margin on each page’s top, bottom, and sides. When submitting a hard copy, use white paper and print it out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.
Healthcare finance is the system of managing funds and other financial resources in the healthcare industry. It entails employing financial strategies and principles to plan and manage the financial aspect in hospitals and other healthcare organizations. Private health insurers are non-governmental for-profit insurance providers, whereby groups and individuals can get different health insurance covers.
Private health insurers play a significant role in financing healthcare. This discussion explores managed care, the initiatives implemented by private insurers to transform healthcare, roles played by nurses to improve quality patient outcomes tied to reimbursements. The strategies nurses can use to advocate for healthcare consumers and reduce the increasing cost of healthcare will also be discussed.
Managed care refers to a group of strategies taken to reduce healthcare costs. Members of managed care systems come together to coordinate medical services to control the cost of care provision while improving care quality. According to Heaton and Tadi (2023), managed care organizations integrate different healthcare entities, reducing healthcare expenditure. Managed care organizations continue to shape healthcare delivery in the United States by enhancing preventive medicine strategies, providing treatment guidelines, coordinating care, forming provider networks, and financial provision through incentives.
Private health insurers play a significant role in transforming healthcare. Private health insurance is one of the major sources of funding since a huge proportion of patients is covered using private health insurance covers. According to Denny and Collins (2021), private health insurers provide health insurance coverage to individuals and groups, transforming healthcare by enhancing better health for individuals, groups, and communities. Additionally, private health insurers have a great stake in facilitating universal health coverage since more people can access and afford healthcare services through insurance coverage. Private health insurers also promote value-based care and compete with government health insurers, thus reducing the cost of care. Denny and Collins (2021) note that value-based care is associated with better care quality, thus transforming the system.
When patient outcomes are tied to reimbursements, it means that the healthcare providers’ payment is directly linked to the quality or effectiveness/outcomes of the care delivered to patients. Quality patient outcomes directly linked to reimbursements include hospital readmission rates, complication cases, hospital-acquired infection, patient-reported outcomes, and timeliness of care (Kutz et al., 2019). Nurses can improve the quality of patient outcomes tied to reimbursements in several ways. These ways include infection control, patient education, medication management to avoid adverse reactions and errors, and compliance with evidence-based practice. Infection control would help prevent hospital-acquired infections and related readmissions, thus improving reimbursement-related outcomes. Patient education would help improve adherence, hence improving patient outcomes. In addition, complying with evidence-based practice would improve patient outcomes such as hospital readmission and complications.
Furthermore, nurses can advocate for healthcare consumers and reduce the cost of healthcare. The strategies that nurses can use to advocate for healthcare consumers include empowering them through education, providing access to information that would help patients make decisions related to healthcare costs, and participating in policy advocacy to regulate healthcare costs. In addition, Byrne et al. (2020) note that nurses are among the stakeholders that can influence healthcare costs through approaches such as patient-centered care.
Private health insurers are a major source of healthcare funding. Managed care through managed care organizations regulates healthcare costs. Nurses play a major role in patient outcomes related to reimbursements. In addition, nursing advocacy for health consumers is pivotal in reducing healthcare costs.
Byrne, A. L., Baldwin, A., & Harvey, C. (2020). Whose center is it anyway? Defining person-centered care in nursing: An integrative review. PloS One, 15(3), e0229923. https://doi.org/10.1371/journal.pone.0229923
Denny, J. C., & Collins, F. S. (2021). Precision medicine in 2030-seven ways to transform healthcare. Cell, 184(6), 1415–1419. https://doi.org/10.1016/j.cell.2021.01.015
Heaton J, Tadi P. (2023). Managed Care Organization. In: StatPearls [Internet]. Retrieved from: https://www.ncbi.nlm.nih.gov/books/NBK557797/
Kutz, A., Gut, L., Ebrahimi, F., Wagner, U., Schuetz, P., & Mueller, B. (2019). Association of the Swiss Diagnosis-Related Group Reimbursement System With Length of Stay, Mortality, and Readmission Rates in Hospitalized Adult Patients. JAMA Network Open, 2(2), e188332. https://doi.org/10.1001/jamanetworkopen.2018.8332
Consider how compensation for healthcare services shape delivery of care, and reflects policy and policy changes and write a paper that addresses the bullets below. Be sure to completely address each bullet point. There should be four (4) sections in your paper; one for each bullet below. Separate each section in your paper with a clear brief heading that allows your professor to know which bullet you are addressing in that section of your paper. Include a “Conclusion” section that summarizes all topics. This assignment will be at least 1250 words.
This week you will reflect upon accountability in healthcare finance to address the following:
Start by reading and following these instructions:
The following specifications are required for this assignment:
Length: 1250-1500 words; answers must thoroughly address the question in a clear, concise manner
Structure: Include a title page and reference page in APA format. These do not count towards the minimal word amount for this assignment. Your essay must include an introduction and a conclusion.
References: Use the appropriate APA style in-text citations and references for all resources utilized to answer the questions. A minimum of two (2) scholarly sources are required for this assignment.
Format: Save your assignment as a Microsoft Word document (.doc or .docx).
Filename: Name your saved file according to your first initial, last name, and the module number (for example, “RHall Module 1.docx”)
A1. Compare the U.S. healthcare system with the healthcare system of Great Britain, Japan, Germany, or Switzerland
A2. Compare access between the two healthcare systems for children, unemployed people, and people who are retired.
In both Germany and the United States, access to healthcare is compulsory. Nonprofit insurance companies in Germany cover a large chunk of the population in what is dubbed “sickness funds” (Berghöfer et al., 2020). In these programs, the insurance premiums are catered for by the government making the costs quite low and affordable to the insured persons. This insurance option is available to any citizen regardless of their age or employment status. This does not however restrict anyone from pursuing other health insurance options. For instance, individuals earning over 30,000 Euros may decide to seek private health insurance covers.
The difference between private insurance and the “sickness fund” is that the former has age and health as determinants (Roman-Urrestarazu et al., 2018). Contrary, in the United States, a large proportion of the insurance covers are through private companies. Employers are obligated to provide the covers to their employees. One may decide to pursue their insurance coverage through the Federal Marketplace that has been facilitated by the Obamacare that was enacted in 2010.
The option is made available for persons who are not satisfied with the cover provided by their employers or whose employers do not provide any insurance covers. There is yet another alternative in the United States for the unemployed or low-income groups-Medicaid. This is run by the state and is dependent on state and federal taxes. The United States has diversified as it also has the Children’s Health Insurance Program and Medicare to cover individuals that are over 65 years (Garfield et al., 2021).
A.2.a. Discuss coverage for medications in the two healthcare systems
In Germany, the prescriptions are covered by the “sickness fund”. The only costs that one incurs for medication when covered by the sickness fund are 10% of the cost of the drug. This makes it quite affordable. However, for those on private covers, they have to pay in advance and get a refund later on. This system bears some resemblance with the situation in the United States. One thing that strikes the difference is that in Germany, prescription drugs are less costly due to collective bargaining with the buyer and seller.
This is possible as the model in Germany has only one buyer; the “sickness fund” thus drug companies do not hike their prices. The individual’s insurance cover caters to the prescriptions in the US. The pricing is done under various levels. The first level comprises generic drugs that are less costly as compared to level three that is comprised of brand-name drugs. Despite the relief of the insurance cover, brand-name drugs still are expensive. Drug prices in the United States are not controlled by the government thus the prices are unreasonably high.
A.2.b Determine the requirements to get a referral to see a specialist in the two healthcare systems.
The referral system in Germany is initiated by a General Practitioner or the patient directly to the consultant without making prior consultations with their general doctor. One can opt for the “sickness fund” or private insurance covers. Owing to long waiting times, one should check early enough. The case is somewhat different in the States. Having private insurance with a preferred provider organization allows one to seek the services of a specialist without a referral.
For health maintenance organizations, a referral is needed for one to see a specialist. A specialist may choose whether to accept public or private insurance. This implies that one’s insurance provider may bar them from accessing some specialists. Some specialists shun publicly insured patients since the reimbursement rates are low.
A.2c. Discuss coverage for preexisting conditions in the two healthcare systems
An individual with a preexisting condition in Germany is covered by insurance companies. Individuals on the “sickness fund” enjoy low costs regardless of whether they have preexisting conditions. Individuals on private plans can access health services at higher premiums in the event they have preexisting conditions. In the United States, denial of coverage or providing cover at higher premiums by an insurance company based on preexisting conditions is illegal (Huguet et al., 2019). This came into action after the Affordable Care Act of 2010. It however doesn’t apply to covers taken before the enactment.
A.3. Explain two financial implications for patients about the healthcare delivery differences between the two countries (i.e. how the patients are financially impacted)
In Germany, the sickness fund plays a major role in lowering medication costs for patients. This allows negotiations between the insurance provider and the pharmaceuticals making it a lot easier for patients. Contrary to this, there are no regulations against drug companies overshooting drug prices making it extremely expensive for the patients. One big reason why policies are not formulated is that the pharmaceutical sponsor politicians’ activities thus they enjoy their protection (Kathryn Hayes, 2021).
Another financial implication is the effect of the insurance covers on the costs of seeing specialists. As explained above, it is quite affordable to visit a specialist in Germany owing to the sickness fund. The cost is the same as that of a General Practitioner. The cost of seeing a specialist in Germany per quarter is much less as compared to the costs of seeing a general doctor in the US. In the United States, the cost of seeking health services is generally strenuous to the citizens. Much as the healthcare system in the United States has evolved over the years to be one of the world’s best, there is still room to make healthcare more affordable to its citizens.
Various health organizations have specific policies on admissions types, criteria, and requirements. The process of hospitalization from admission to post-admission follow-up care also vary from one health organization to the other. Hospitalization can be done on an emergency or elective basis. Elective hospitalizations are based on clinicians’ orders to keep the client stay in the hospital overnight for close medical monitoring and nursing care. In both cases of hospitalizations, there are typical steps or processes which patients must undergo when seeking medical or nursing care regardless of the purpose of admission. The current discussion explores the typical hospitalization process under the ACA guidelines.
Health insurance covers medical, surgical, dental, and pharmaceutical expenses that the subscriber incurs during their hospitalizations. The details and specifics of the items covered by the insurance vary between insurance firms or companies’ policies. some companies reimburse the expenses while others pay the health organization directly. The American Affordable Care Act (ACA), enacted into law in March 2010 by President Barrack Obama, is a federal health policy that covers various areas in health, including costs. Before the implementation of ACA, patients with preexisting chronic medical conditions did not have easy access to medical coverage (Huguet et al., 2019). The journey by a patient during a hospitalization follows a defined path. However, the after-care path may vary depending on the indication for hospitalization or the results of the care. The ACA, in summary, is not an insurance scheme but a government policy regulating individual private health insurance firms and businesses related to health (U.S. Centers for Medicare & Medicaid Services, n.d.). The daily businesses of the health organization are also regulated in terms of patent protection and cost of care reduction.
Hospital admission can be classified into two broad types: emergency admission and elective admission. The ACA policy terms allow coverage for a patient admitted through both types of the mentioned admission situations. Some health organizations charge consumers for registration and the financial settlement of these charges depends on the terms of medical cover between the ACA-compliant patient and the insurance company. It is during admission that the health insurance status of the client is declared. The ACA policies seeks to ensure that all citizens regardless of age have access to a medical cover. This meant that the children and young adults under the age of 26 years are allowed to stay under their parents’ insurance covers. Elective admissions usually progress to inpatient ward admission or general outpatient care.
Emergency admission and critical care are two related processes in a typical hospitalization. Not all emergency admission end in the inpatient or critical care but most emergency admission and critical care requires close patient monitoring, thus the need for the best quality. The ACA provisions, though not all were implemented by 2019, have enabled better emergency care. The improvement in the delivery of critical and emergency care after implementation of the ACA has been associated with telemedicine incorporation, change in care systems (Rambur, 2017), and improvement of profitability of critical care centers.
A typical inpatient admission means that the clients have to spend at least one night under the care of professionals in the wards. This happens to patients with medical or surgical conditions that require close monitoring and the clients cannot care for themselves at home. Various chargeable medical and surgical services are offered at the inpatient care. In a typical hospital setting, these include but are not limited to laboratory services, nursing care, physician consultation, medical procedures, surgical operations, bed and bedside procedures among other services. Outpatient care majorly involves specialist consultation, lab services, minor surgical procedures, and nursing care among other minor one-day processes. Outpatient hospitalization does not require the client to spend the night in the hospital under the caregivers’ custody
Lab services typically offered mainly include clinical investigative tests, follow-up monitoring tests, and pathology diagnostic tests. Imaging tests or investigations form a major interest for most insurance companies. The costs of imaging and radiological investigations such as Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound Scan (USS), PET scan, Bone scan, among others are very high. Moreover, the costs of these radiological and imaging tests vary from one health institution to the other. Before the implementation of the ACA, the payment for radiological and medical procedures was based on the fee-for-service model. This forced the legislators to rewrite the codes relating to charging patients on radiological procedures in the 2014 Radiological Society of North America (RSNA) meeting.
The new financial model for chargeable radiological services is value-based, hence justifiable. This has promoted a regulated system where the insurance companies cover radiological and procedure fees based on their values (Gerst, 2021). However, this has created controversy in quality assessment to justify the value-based system (Vasko & Basu, n.d.). Radiological tests are commonly used in current healthcare not only for investigation purposes but also for intervention and treatment purposes. Another diagnostic and interventional procedure with implications in healthcare is the endoscopy. Endoscopy procedures are performed by physicians in most cases and their charges are relatively high. For this reason, some healthcare insurance providers have strict regulations on endoscopy procedures.
Consultation during hospitalization can be done in the outpatient clinic or during consultant reviews in the inpatient admission. According to Glied et al. (2017), the probability of consumers under the ACA accessing specialist care has increased under the new Affordable Care Act from 47.1% to 87% for insured consumers. This means that access to specialist caregivers had improved for Americans compliant with the ACA regulations. Private practitioners have been greatly affected by the reduction in fee-for-services that was common before the ACA due to changes in payment methods.
However, the out-of-pocket payments continues to rise, especially among consumers who already had medical covers before ACA but had to default because of an increase in their premiums (Glied et al., 2017). There has been a reduction in reimbursements from the Centers for Medicare and Medicaid Services. The value-based payment criterion has improved the quality of specialist consultation services while levying penalties on physicians who do not meet certain practice quality levels (American Medical Association, 2017). This has promoted patient protection to a greater extent.
The process of discharging hospitals paves way for administrative processes such as billing. This is the point where all care services provided to the patient are billed and forwarded to the insurance provider for reimbursements. When the patient is stable enough to take care of themselves or there are extra-hospital care methods that can be provided by the paramedics or heath affiliated institutions, the patient is discharged to start their journey to recovery. With current advancements in healthcare, remote health monitoring is used to care for stable patients with chronic medical conditions. The ACA directs the insurance firms to cover for patients with preexisting chronic medical conditions.
This means that whether the disease occurred before the patient took cover or thereafter, the insurance company has no right to reject their application to for medical cover. As such, insurance providers are obliged to cover the care provided after discharge from the hospital. A patient suffering from substance addiction or mental condition is also taken care of under the ACA policies. Management of these patients during the rehabilitation process is part of the hospitalization care whenever they are referred to a rehab institution (Steffen, 2019). Even without a referral from a medical hospital institution, the health insurance firm has no right to decline medical cover for mental and substance abuse patients.
Patients may also be referred to an external pharmacy to buy prescription medication. Sometimes, the required prescribe medication may not be available in the health institution or the institution may not be having a pharmacy (Manchikanti et al., 2017). The patient may be required to buy the drug either as an off-label medication or approved medication for the purpose. The ACA in its aim to provide affordable care, regulated the process of prescription medication. The costs of prescription medications before ACA implementation varied greatly and were mostly unregulated. Pharmacists and pharmaceutical companies would charge different amounts for these medications thus raising the overall cost of healthcare.
The processes of typical hospitalization revolve around chargeable services and the requisite medical products in every health institution. The type of care determines the duration of stay and the overall cost the patient would have to incur at the end of care. Most patients in the US would pay for this care using health insurance cards. If unregaled, the health institutions would charge whatever amount they deem appropriate for the services, and the insurance firms would charge the premiums according to the fees charged by the hospital.
Therefore, the ACA was signed into law to regulate these discrepancies and ensure affordable care costs. Services provided to the patient under the ACA are regulated by the policy until after the discharge. Among the important care aspects regulated by ACA include the rehabilitation, mental health treatment, and costs of prescription medications.
Read (Outcomes 1, 3, 6, 7):
Chapters 7-13 (8 hours)
Lecture (Outcomes 1, 3, 6, 7)
Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.
The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.
Communication is so very important. There are multiple ways to communicate with me:
World Health Organization reports falls as a major public health accident that causing unwarranted injuries and death among those above 60 years. Fall Prevention policies aim at identifying, preventing and management of factors identified to increase risk for falls. US Preventive Services Task Force (USPSTF) recommends a series of interventions prevent falls among community-dwelling adults, who are above 65 years of age and with increased risk for falls. These interventions include exercises, vitamin D supplementation and multi-factorial interventions (US Preventive Services Task Force, 2018).
The USPSTF program found significance evidence that exercises help in preventing falls among the community-dwelling adults (category B). In addition, the program also found that multi-factorial interventions had a small benefit in reducing falls. A realistic design used to identify the study group employed assessing history of falls, mobility difficulties and limited physical functioning. To measure the effectiveness of the recommendations, USPSTF reviewed 62 trials on utilisation of exercises, multi-factorial interventions, psychological interventions and vitamin D dieting to prevent falls.
Studies were grouped based on specific intervention applied, and results analysed statistically based on the evidence inferred. Evaluation of this policy, conducted by USPSTF, occurs after its implementation.
The program established evidence on effectiveness of exercises to reduce risk for falls (category B). Potential harms of exercises found included bruising and pain, with negligible evidence (Sherrington et al, 2016). Application of multi-factorial interventions was found to have minimal evidence in reducing risk for falls, while vitamin D supplementation was found to have adequate evidence towards not preventing falls.
Evaluation of exercises in risk prevention by USPSTF was conducted based on clinical trials that applied exercises, vitamin D supplementation or multi-factorial interventions. From the evaluation, exercises were found to be evidently efficacious that vitamin D supplementation and multi-factorial interventions (US Preventive Services Task Force, 2018). The policy offers significant benefits to community-dwelling adults at risk of falls. Practice of exercises as recommended reduces risk of falls among these adults, hence assuring safe stay.
Physical physiotherapists, caregivers, nurses, clinicians and nutritionists are involved in multidisciplinary application of multi-factorial interventions. These interventions could include medical management, dieting, physical exercises, psychological therapy and environmental adjustments. The fall prevention recommendation by USPSTF has showed significant effectiveness, with the use of exercises. Follow-up studies evaluating its effectiveness recommended exercise as an effective intervention in preventing falls among the elderly (Zhao et al, 2019; Ng et al, 2019).
Exercises help in muscle strengthening, establishing gait and balance, increasing bone mass and subsequently reducing risk of falls. This practice would therefore enormously improve quality of patient care at my workplace. Minimal risk for harm during exercises has been established. Nursing profession operates on science and art of human health. Nurses therefore operate along evidence-based practices, as they aim at providing safe care that is free from harm.
Nurses must therefore get involved in advocacy and implementation of policies that favour patient’s safety. During policy evaluation, nurses’ feedback is essential on effectiveness of the policy at the work place (Lukewich et al. 2019). In addition, adjustments, upgrading and improvements to the policy are also substantiated by the nurses during evaluation.
Use this document to complete the Module 5 Assessment Assessing a Healthcare Program/Policy Evaluation
Healthcare Program/Policy Evaluation Interventions to Reduce Risk of Falls by US Preventive Services Task Force (USPSTF) DescriptionWorld Health Organization reports falls as a major public health accident that cause unwarranted injuries and death among those above 60 years. Fall Prevention policies aim at identifying, preventing and managing the factors identified to increase risk for falls. US Preventive Services Task Force (USPSTF) recommends a series of interventions to prevent falls among community-dwelling adults who are above 65 years of age and with increased risk for falls. These interventions include exercises, vitamin D supplementation and multi-factorial interventions (US Preventive Services Task Force, 2018).How was the success of the program or policy measured?To measure the effectiveness of the recommendations, USPSTF reviewed 62 trials on utilization of exercises, multi-factorial interventions, psychological interventions and vitamin D dieting to prevent falls. Studies were grouped based on specific intervention applied, and results analyzed statistically based on the evidence inferred. Evaluation of this policy, conducted by USPSTF, occurs after its implementation.How many people were reached by the program or policy selected? How much of an impact was realized with the program or policy selected?The policy recommendation was objective towards addressing risk of falls among community-dwelling adults, who are above 65 years. The policy provided a guide to clinicians, nurses and other care givers in the provision of safe and quality care among the elderly. Evaluation of the policy establishes a moderate net benefit to the elderly, by reducing their risk of falls through exercising, applying multi-factorial interventions and supplementing diet with vitamin D.What data was used to conduct the program or policy evaluation?USPSTF evaluation reviewed 62 clinical trials to assess evidence of various interventions in reducing risk of falls among community-dwelling adults. The evaluation also sought recommendations made by American Geriatrics Society and National Institute On Aging.What specific information on unintended consequences were identified?USPSTF found additional interventions including environmental adjustments, medical management and multiple interventions that helped reduce risk of falls but with weak evidence. The effect of the recommended interventions onto the client’s functionality and quality of life was unknown.What stakeholders were identified in the evaluation of the program or policy? Who would benefit most from the results and reporting of the program or policy evaluation? Be specific and provide examples.Physical physiotherapists, caregivers, nurses, clinicians and nutritionists are involved in multidisciplinary application of multi-factorial interventions. These interventions could include medical management, dieting, physical exercises, psychological therapy and environmental adjustments.Evaluation of exercises in risk prevention by USPSTF was conducted based on clinical trials that applied exercises, vitamin D supplementation or multi-factorial interventions. From the evaluation, exercises were found to be evidently efficacious compared to vitamin D supplementation and multi-factorial interventions (US Preventive Services Task Force, 2018). The policy offers significant benefits to community-dwelling adults at risk of falls. Practice of exercises as recommended reduces risk of falls among these adults, hence assuring safe stay.Did the program or policy meet the original intent and objectives? Why or why not?The fall prevention recommendation by USPSTF has showed significant effectiveness with the use of exercises. Follow-up studies evaluating its effectiveness recommend exercise as an effective intervention in preventing falls among the elderly (Zhao et al, 2019; Ng et al, 2019).Would you recommend implementing this program or policy in your place of work? Why or why not?Exercises help in muscle strengthening, establishing gait and balance, increasing bone mass and subsequently reducing risk of falls. This practice would therefore enormously improve quality of patient care at my workplace. Minimal risk for harm during exercises has been established.Identify at least two ways that you, as a nurse advocate, could become involved in evaluating a program or policy after one year of implementation.Nursing profession operates on science and art of human health. Nurses therefore operate along evidence-based practices as they aim to provide safe care that is free from harm. Nurses must therefore get involved in advocacy and implementation of policies that favor patient’s safety. During policy evaluation, nurses’ feedback is essential on effectiveness of the policy at the workplace (Lukewich et al. 2019). In addition, adjustments, upgrading and improvements to the policy are also substantiated by the nurses during evaluation.General Notes/CommentsExercises, multi-factorial interventions and vitamin D supplementation are therefore viable interventions in reducing risk for falls among community-dwelling adults. Exercises, including physical therapy, are category B recommendation, with moderate significance.ReferencesLukewich, J. A., Tranmer, J. E., Kirkland, M. C., & Walsh, A. J. (2019). Exploring the utility of the Nursing Role Effectiveness Model in evaluating nursing contributions in primary health care: A scoping review. Nursing Open, 6(3), 685–697. https://doi.org/10.1002/nop2.281Ng, C., Fairhall, N., Wallbank, G., Tiedemann, A., Michaleff, Z. A., & Sherrington, C. (2019). Exercise for falls prevention in community-dwelling older adults: trial and participant characteristics, interventions and bias in clinical trials from a systematic review. BMJ Open Sport & Exercise Medicine, 5(1), e000663. https://doi.org/10.1136/bmjsem-2019-000663
US Preventive Services Task Force (2018). Interventions to prevent falls in community-dwelling older adults: Recommendation statement. American Family Physician, 98(4). https://www.aafp.org/afp/2018/0815/od1.html#:~:text=The%20USPSTF%20recommends%20that%20clinicians,to%20prevent%20falls%20is%20small.
Zhao, R., Bu, W. & Chen, X. (2019). The efficacy and safety of exercise for prevention of fall-related injuries in older people with different health conditions, and differing intervention protocols: a meta-analysis of randomized controlled trials. BMC Geriatrics, 19, 341. https://doi.org/10.1186/s12877-019-1359-9