Reference no: EM13860739
Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
There are two principles that health care providers rely on when set the rates for their services. The first principle is cost, and the second is based on third-party reimbursements, especially from Medicare.
As the chief operations officer of your hospital, you have been asked by the board to make a presentation on how the hospital sets the price for the services that it provides.
Create a PowerPoint presentation of 6-8 slides with speaker notes that analyzes the different services provided by the hospital and the
rationale for charging patients for them. In your presentation, consider the following:
Who are the stakeholders in this scenario, and what are their roles?
Describe the practice of price discrimination and its objectives.
What role does the cost of the doctor's education and malpractice insurance play in costing health care services?
What is the role of third-party payers such as Medicare and Medicaid in pricing health care services?
How does the uninsured population impact pricing?
How does the use of emergency services for nonemergency situations impact pricing?
Document recommendations for improvement based on your economic analysis.
Ensure that you integrate economic terms, frameworks, and models throughout the review.
As a guideline, do not have more than 16 words on each slide. Your speaker notes should explain the slide in detail. Be sure to follow APA style page formatting, and provide at least 4 peer-reviewed references from health care journals published in the past 5 years.
Units of product-marginal cost equals average total cost
: If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the: Marginal cost equals average total cost. Marginal cost equals average variable cost
|
The idea of tax rebates to stimulate the economy
: The idea of tax rebates to stimulate the economy
|
Demand for product in a purely competitive industry
: If there is a decrease in demand for a product in a purely competitive industry, it results in an industry contraction that will end when the product price is:
|
Demand with quasi-linear utility function
: Essential Problems in bold: Demand with a quasi-linear utility function. Consider a consumer with the following utility function u(x1, x2) = √x1 + x2. This is an example of a Quasi-Linear utility function. We can see that it is linear in good 2 but n..
|
Describe the practice of price discrimination and its object
: Describe the practice of price discrimination and its objectives
|
Two inputs in the production function-labor and capital
: Suppose there are two inputs in the production function, labor and capital, and these two inputs are perfect substitutes. The existing technology permits 1 machine to do the work of 3 workers. The firm wants to produce 100 units of output. Suppose th..
|
Couple can hold fred liable in contract for the services
: Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple, who provide him with food and shelter. After the snowplows have cleared the roads, ..
|
About the local business person
: Everett McCleskey, a local business person, is a good friend of Al Miller, the owner of a local candy store. Every day on his lunch hour, McCleskey goes into Miller’s candy store and stays about five minutes. After looking at the candy and talking to..
|
Identify the potential vendors
: Cloud-based computing allows businesses to store and access large amounts of data over the Internet
|