Healthcare Finance Cases
Cases in Healthcare Finance Front Street Hospital: Uninsured Charges and Collections
The underlying issue in this case deals with discriminatory medical pricing strategies. Although these types of pricing structure are common in other industries, such as the hotel industry, the implications on society exceed that of any other industry imaginable. For example, of all the bankruptcies filed in the United States, it is estimated that sixty percent of them are due medical bills (Tamkins, 2009). Furthermore, of medical related bankruptcies, over three quarters of these individuals' actually had health insurance. Therefore, one might wonder how the uninsured could even stand a chance of meeting their obligations; especially since they are billed at the highest rates possible.
Collective Bargaining
In the case, Jane is an uninsured patient and is billed for services amounting to nineteen thousand dollars. It also notes that it the local HMO would have insured Jane then the hospital bill would have been two thousand five hundred dollars; Medicaid would have paid five thousand and Medicare would of paid seven thousand eight hundred. So the question is posed, "Why do the uninsured get stuck with the whole bill." The answer to question is that insurance companies, public and private, have a considerably larger amount of bargaining power than that of any single individual. You can actually estimate the collective bargaining rates from the example provided. The HMO obviously has considerable power in negotiations, Medicaid ranks second, Medicare follows, and the individual (Jane) is dead last in regards to bargaining power.
Ethical Considerations
The most obvious breech of ethics that was presented in the case is the use of jail time or other questionable techniques by some hospitals to collect payments. Debtor's prisons were officially outlawed in the nineteenth century for their inhumanity and the effective return of such arrangements are quite frightening (Jones,...
Healthcare System of Norway Health Policy of Norway Analysis of Health Policy Pressures on Health Care Delivery High Cost Ageing Population Increased Diseases Waiting-time Prioritization The healthcare systems are developed to provide necessary healthcare facilities. It is also aimed to maintain health of their citizen in compliance with the state and international regulations. Norway is considered as one of the country, holding prominent place in global economy as well as growth rate and per capita income (Pontusson2011). It
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Healthcare spending by the New York State persistently surpasses its earnings. That difference continues to be expanding and is also anticipated to broaden unless of course there happen to be severe, continuous modifications in spending budget actions. Lieutenant Governor Richard Ravitch, in "A 5-Year Strategy to Deal with the State of New York's Spending budget Deficit" released during March 2010, approximated this structural disproportion within the state's spending budget to
(Menzel, 1990, p. 3) Fisher, Berwick, & Davis alude to the idea of integration in health care, with providers linking as well as creating networks of electronic medical records and other cost improvement tactics. The United States and other nations over the last twenty or so years, have begun a sweeping change in health care delivery, regarding the manner in which health information is input, stored and accessed. Computer use
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