Question

3. The government of Freedonia has decided to implement a system of risk adjustment based on...

3. The government of Freedonia has decided to implement a system of risk adjustment based on diagnosis codes in its health insurance system. How is the introduction of this process likely to affect the practices of BBNW and of Asclepius and the well-being of people in Freedonia?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Introducing risk adjustment based on diagnosis codes will increase the cost of BBNW and Asclepius. Risk adjustment plans will provide insurance to the people based on their diseases. This means more serious disease, more set of payment will be given to the patients as compared to a healthy person. Providing insurance to patients with serious diseases will increase the insurance cost of the companies.

However, it will increase the health of the people in Freedonia. People who are diagnosed with serious diseases will now be able to have benefits of insurance and will be able to get proper treatment with the insured money received from the insurance company. Welbeing of the people will be increased if this policy is implemented.

If you like the answer please give a thumbs up

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
BTN 17-3 In conducting interviews and observing factory operations to implement an activity-based costing system, you...
BTN 17-3 In conducting interviews and observing factory operations to implement an activity-based costing system, you determine that several activities are unnecessary or redundant. For example, warehouse personnel were inspecting purchased components as they were received at the loading dock. Later that day, the components were inspected again on the shop floor before being installed in the final product. Both of these activities caused costs to be incurred but were not adding value to the product. If you include this...
Situation Levels of children and young people diagnosed with type 1, type 2, and other variants...
Situation Levels of children and young people diagnosed with type 1, type 2, and other variants of diabetes are increasing and this has become a priority issue for commissioners in the area where Na’ema works as a diabetic nurse. As one part of a local strategic response to this issue, Na’ema has been asked to come up with some interventions that could help improve health and well-being outcomes for young people with a diagnosis of diabetes. Na’ema is aware that...
1)For each statement below, list the risk management technique being employed: (4 pts.) a) Kevin purchases...
1)For each statement below, list the risk management technique being employed: (4 pts.) a) Kevin purchases health insurance to help pay for doctor’s visits and medications in case he gets sick as well as for large medical expenses. b) Sarah decides not to become a doctor since she is afraid of being sued for medical malpractice. c) Rather than buying life insurance, Dwight has saved up enough money so that his family will be taken care of financially in the...
Question 1 (1 point) There are several advantages of having a social support system. It is...
Question 1 (1 point) There are several advantages of having a social support system. It is associated with better physical functioning and: Question 1 options: 1) reduction in illness. 2) better diet. 3) reduced risk of mortality. 4) lower level of depression. Question 2 (1 point) Most older people do not engage in bloc voting because: Question 2 options: 1) they belong to a homogenous group. 2) old age physically disables them from exercising their voting rights. 3) they are...
Based on the Case below, Write a brief explanation that explains why the case represents its...
Based on the Case below, Write a brief explanation that explains why the case represents its particular ACHE competency domain. (Be sure that the explanation justifies the assigned competency domain based upon the facts and circumstances of the case.) Case: Case 3: Leadership Mrs. Smith knew before any of her staff at General Valley Ob/Gyn that the practice had been sold to the area’s leading health system. The physician-owners of the practice were sure to keep her informed almost from...
The assumption that a system will operate in a stable environment without risk is not realistic...
The assumption that a system will operate in a stable environment without risk is not realistic (Sales et al., 2018). Risk is widely classified into disruption and operational risks (Kleindorfer & Saad, 2005; Tang, 2006). Extreme uncertainty and the absence of synchronization between supply and demand are linked to operational risks while circumstances such as labor strikes, terrorist attacks, and natural calamities are related to disruption risks (Lockamy & McCormack, 2010). The probability of human injury or even death is...
The assumption that a system will operate in a stable environment without risk is not realistic...
The assumption that a system will operate in a stable environment without risk is not realistic (Sales et al., 2018). Risk is widely classified into disruption and operational risks (Kleindorfer & Saad, 2005; Tang, 2006). Extreme uncertainty and the absence of synchronization between supply and demand are linked to operational risks while circumstances such as labor strikes, terrorist attacks, and natural calamities are related to disruption risks (Lockamy & McCormack, 2010). The probability of human injury or even death is...
The Korlebu Teaching Hospital is modernising its operations with the introduction of a new ID system...
The Korlebu Teaching Hospital is modernising its operations with the introduction of a new ID system following its experiences from the COVID-19 pandemic. Starting 2021, all staff and patients of the hospital shall be required to carry a chip and pin card called the ‘Master Card’. This will be a smart card bearing information such as the bearer’s personal details, department, assigned unit, health insurance records, medical conditions, medications and prescriptions, and emergency contacts. The Master Card can also be...
As a part of proposed health care reform, the federal government is encouraging hospitals to use...
As a part of proposed health care reform, the federal government is encouraging hospitals to use new health information technology as a means to reduce health care costs and increase quality of services. You are the CFO of a nonprofit hospital and need to conduct a cost-benefit analysis of the idea to present to the board. Being well trained in economic evaluation, especially cost-benefit analysis, you have happily accepted the challenge of this task. You have collected some relevant information....
Please give examples for each risk domain in any healthcare organization. Domain Description Operational The business...
Please give examples for each risk domain in any healthcare organization. Domain Description Operational The business of healthcare is the delivery of care that is safe, timely, effective, efficient, and patientcentered within diverse populations. Operational risks relate to those risks resulting from inadequate or failed internal processes, people, or systems that affect business operations. Included are risks related to: adverse event management, credentialing and staffing, documentation, chain of command, and deviation from practice. Clinical / Patient Safety Risks associated with...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT