Reimbursement and financial principles
This essay focuses on reimbursement and financial principles. Considering the recent changes in economic policy at the federal and state levels, what changes in federal and state regulations present the most concern for healthcare leaders? Be sure to provide support for your response.
Reimbursement and financial principles
Overview: In terms of reimbursement and financial principles. (specifically relating to the revenue cycle), you will determine what federal and state funding is available for healthcare organizations. As you continue to explore payment systems from the view of the hospital administrator. Consider what actions you might take to ensure your facility meets compliance requirements. Additionally, you will research the importance of implementing
policies and procedures
. That are designed to ensure timely reimbursement. Prompt: Submit a draft of the Federal and State Payment Systems portion of your research and analysis. Be sure to address all critical elements as listed below. Specifically, the following critical elements must be addressed: III. Federal and State Payment Systems: a) Federal and State Regulations: Considering the recent changes in economic policy at the federal and state levels, what changes in federal and state regulations present the most concern for healthcare leaders? Be sure to provide support for your response. b) Reporting Requirements: Analyze the reporting guidelines required by Medicaid and Medicare and other government payment systems. What are the opportunities and challenges for healthcare leaders in meeting reporting requirements?.
1.Addressing the Rising Cost of Healthcare
It’s no secret that healthcare in the U.S. is expensive, and the costs keep going up. In 2018 alone, the U.S. spent about $3.6 trillion on healthcare, which averages to about $11,000 per person.2 The Centers for Medicare and Medicaid Services (CMS) project that national healthcare spending will climb to $6.2 trillion by 2028.3
A growing and aging population and rising healthcare service prices are among the key reasons for the drastic increase. And the projections don’t even take into account the current and future effects of the COVID-19 pandemic on the healthcare system. Healthcare administrators must find ways to combat these rising costs to Americans while also managing their hospitals’ own budget challenges.
2. Recruiting Top Nursing Talent
The need for qualified nurses is never more evident than during the global pandemic. But even before the COVID-19 heath crisis hit, healthcare administrators struggled to fill the demand for nurses. And the shortage is only expected to grow.
According to the American Nurses Association, there will be far more registered nurse (RN) jobs available than any other profession by 2022.4 With more than 500,000 seasoned RNs anticipated to retire by 2022, there is a need for an additional 1.1 million new RNs.4
Competing to recruit and retain top nurses and fill empty positions has been and will continue to be a major challenge for leaders in healthcare administration.
Details;
Firstly, health
Secondly, medicine
Thirdly, policies
Further, responsibilities
Further, laboratories
Finally, equipment
Finally, rights
Lastly, regulations
Attachments
