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Business and Management : Business

Describe traditional payment models in health care.

Reimbursement Models
Instructions
You will use Vila Health: Investigating a Readmission as the context to address Part 4 of this assessment.
Several of the Vila Health’s stakeholders are seeking clarification regarding new reimbursement models they have been hearing about recently. For this assessment, prepare a two-page memorandum outlining the differences between the new reimbursement models and prior, traditional models for stakeholders.
Support your assertions in the memo with at least three academic sources. This may require you to do additional independent research. You may wish to consult the Health Care Administration Undergraduate Library Research Guide before you begin any additional research.
This assessment has four main parts.
Part 1: Traditional Payment Methods
Relevant scoring guide criteria:
Describe traditional payment models in health care.
“Describe” means to give an account in words of (someone or something), including all the relevant characteristics, qualities, or events.
Identify the traditional payment models.
What are the key characteristics of these reimbursement models?
How was quality monitored under these models?
Adhere to the rules of grammar, usage, and mechanics.
“Grammar” refers to the basic rules for how sentences are constructed and how words combine to make sentences (for example, word order, case, and tense).
“Usage” refers to correct word choice and phrasing, particularly with regard to the meanings of words and phrases.
“Mechanics” refers to correct use of capitalization, punctuation, and spelling.
Apply APA formatting to in-text citations and references.
This part should be at least one paragraph long, but probably no more than half a page.
Part 2: Current Trends in Health Care Payment
Relevant scoring guide criteria:
Describe current trends in health care payment models.
Identify the current trends in health care payment models.
What are the key characteristics of these reimbursement models?
How is quality monitored under these models?
Explain reasoning for newer models of reimbursement in health care.
“Explain” means to make (an idea, situation, or problem) clear to someone by describing it in more detail or revealing relevant facts or ideas.
Adhere to the rules of grammar, usage, and mechanics.
Apply APA formatting to in-text citations and references.
This part should be at least one paragraph long, but probably no more than half a page.
Part 3: Comparison of Models
Relevant scoring guide criteria:
Compare and contrast how quality outcomes are rewarded under traditional and current payment models in health care.
Develop a concise comparison of the key similarities and differences of the reimbursement process between traditional and current models.
Adhere to the rules of grammar, usage, and mechanics.
Apply APA formatting to in-text citations and references.
This part should likely be between a half and one page long.
Part 4: Quality Concerns
Relevant scoring guide criteria:
Explain quality concerns affecting reimbursement given a specific patient scenario.
Specifically address the recent problematic patient case from the Vila Health: Investigating a Readmission scenario.
Briefly discuss how the care provided would be reimbursed under prior models versus reimbursement under newer models, based on your assertions in Part 3 of your memo.
Also, identify quality issues that will likely impact the organization’s reimbursement under new payment models.
Adhere to the rules of grammar, usage, and mechanics.
Apply APA formatting to in-text citations and references.
This part should be at least one paragraph long, but probably no more than half a page.
Additional Submission Requirements
Structure: Structure your submission like a memo, with an additional, APA-style References page. Use the Reimbursement Model Memo template [DOC] provided. You may wish to refer to the following example when developing your memo:
Sample memo.
Length: 2–3 pages, plus a References page.
References: Cite at least three current scholarly or professional resources.
Your textbook can be one of the three.
Format: Use APA style for references and citations only. Refer to:
APA Style Paper Tutorial [DOCX].
Additional APA resources located in the courseroom navigation panel.
Font: Times New Roman, 12 point, double-spaced.

Categories
Business and Management : Business

How would you differentiate a discrete from a continuous random variable?

Respond to the following discussion prompt in a minimum of 175 words:
Many business activities generate data that can be thought of as random. An example described in the textbook is the servicing of cars at an oil change shop. Each car entering the shop can be considered an experiment with random outcomes. A variable of interest in this experiment could be the amount of time necessary to service the car. Service time will vary randomly with each car.
We can often capture the most relevant characteristics of a stochastic process with a simple probability distribution model. We can then analyze the model to make predictions and drive decisions. For instance, we could estimate the number of technicians the oil change shop needs to service demand on a Saturday afternoon. Discuss the following:
What is a random variable?
How would you differentiate a discrete from a continuous random variable?
A laptop manufacturing company has implemented a 2-step process to test the quality of each production batch. In the first step, a technician randomly selects 15 laptops from the batch and determines whether they meet specifications. The batch is considered acceptable provided no more than 1 laptop fails to meet specifications. Otherwise, the entire batch must be tested in the second step. Historical data shows that 95% of the laptops produced adhere to specifications. Discuss the following:
What are the 4 characteristics of a binomial experiment?
Can we use a binomial distribution to model this process?
What is the probability that the entire batch unnecessarily has to be tested if in fact 95% of its laptops conform to specifications? (Hint: Use Excel’s =BINOMDIST() function to find the probability.)
What is the probability that the batch is incorrectly accepted if only 75% of its laptops conform to specifications?

Categories
Business and Management : Business

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Business and Management : Business

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Business and Management : Business

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Business and Management : Business

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Create the business case.
Determine why funding is needed for the company.
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Evaluate the requirements of each of the funding sources that you plan to use.
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Cite references to support your assignment.
Format your citations according to APA guidelines.

Categories
Business and Management : Business

What is the role of an ethical culture, and who is responsible for it?

Directions: Students, write a one-page answer to the question below. Use APA 7 edition, no plagiarism, and absolutely no bad sources like Wikipedia, Investopedia, or blogs. Only credible sources should be used.
Question 1: What is the role of an ethical culture, and who is responsible for it?

Categories
Business and Management : Business

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Business and Management : Business

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Business and Management : Business

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