FALL-2017
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assignments at nominal price of Rs.125 each.
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Master of
Business Administration- MBA Semester 3
MH0054-Finance,
Economics and Planning in Healthcare-4 Credits
(Book ID:
B1215)
Assignment (60 Marks)
Note: Answer
all questions must be written within 300 to 400 words each. Each Question
carries 10 marks 6 X 10=60
Q1. Explain medical billing process
in healthcare organisations.
Answer. Medical billing process is a process
that involves a health care provider and the insurance company (payer)
pertaining to the payment of medical services rendered to the clients. The
entire procedure involved in this is known as the billing cycle sometimes
referred to as Revenue Cycle Management. Revenue Cycle Management involves
managing claims, payment and billing. This can take anywhere from several days
to several months to complete, and require several interactions before a
resolution is reached. The relationship between a health care provider and
insurance company is that of a vendor to a subcontractor. Health care providers
are contracted with insurance companies to provide health care services. The
interaction begins with the office visit: a physician or their staff will
typically
Q2. Explain cost allocation in
healthcare organizations.
Answer. Cost Allocation
1. Executive
sponsorship
Cost accounting
is typically viewed as a financial initiative and may not be a priority for
clinical departments. In reality, cost accounting has broad organization-wide
implications and most importantly benefits, and it cannot be implemented in a
vacuum. Executive sponsorship and support across the senior management team is
key to free resources and providing the initiative the focus it requires.
Q3. Throw light on the incentives
available for healthcare sector under the Income Tax Act.
Answer. The specific tax incentives provided
by Government have a definite revenue impact and can be viewed as an indirect
subsidy to tax payers, also referred to as ‘tax expenditures’. The revenue
impact of tax incentives was assessed by way of ‘Revenue Foregone53’, now termed
as ‘Revenue Impact of Tax Incentives under the Central Tax System54’. The
quantum of revenue foregone is the chief parameter to assess the impact of tax
deduction which is treated as a measure of tax expenditure incurred for the
promotion of organised activity (viz. creation of infrastructural facilities,
accelerated depreciation as an incentive for capital investment) in the
targeted sector. In order to ascertain the existing mechanism within ITD to
monitor the impact of tax incentives specific to assess engaged in the business
of private healthcare, audit sought the details of impact analysis undertaken
by ITD. CBDT stated in its reply
Q4. Explain budgeting techniques in
healthcare services.
Answer. Budgeting Process for Healthcare Services
Planning across
multiple time horizons has becoming increasingly important because of industry
reform. Historical run-rates are no longer the best indicator of future
performance, driving the need for more dynamic forecasting and ‘what-if’
modeling. Aligning plans, models and budgets is imperative.
• Rolling
Forecasts – Actual and monthly projections for 18 months provide a trended view
of performance, typically represented at an entity level. The model helps
assess current realities that will influence longer-range (multi-year)
projections, as well as detailed operational plans.
Q5. Explain different methods of
evaluation of healthcare services.
Answer. Marginal analysis
Health
spending as a percent of the GNP is a traditional measure of health spending
relative to the total output of the economy. Trends in the ratio of health
spending to the GNP indicate the ability and willingness of consumers, firms,
and governments to allocate consumption and production to the health care
sector.
Q6. Explain the importance of healthcare
planning. Add a note of types of healthcare planning.
Answer. The healthcare field revolves around
one driving force. That is, using the best practice when treating patients to
provide the best possible care. In order to do so, there are dozens of factors
that go into each patient’s case, each of which can make the difference in a
successful treatment, or not.
From a
proper diagnosis, to seeing a treatment through completely and all of the
necessary components that may come with a given treatment, efficiency and
effectiveness are important. Ensuring that care will be provided long term also
needs to be taken into consideration, which can take careful planning on the
healthcare provider’s side.
FALL-2017
Get solved
assignments at nominal price of Rs.125 each.
Any issues
mail us at: subjects4u@gmail.com or contact at
08894344452, 8219081362
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