A research analysis to discover which tools healthcare organizations and practitioners may use to increase revenue streams while facing rising costs and an increasingly aging population relying on Medicare and Medicaid.
Written in 2008; 2,013 words; 8 sources; APA; $ 63.95
Paper Summary:
The paper reviews the trends, innovations and future of finances, revenue streams and investments in the healthcare industry. In doing so the paper proposes several choices or alternative sources of revenues for hospitals treating an ever-increasing number of patients that rely on Medicare and Medicaid for insurance. The paper comments that at the time of this study, most hospitals fell short of revenue goals because Medicare and Medicaid did not provide adequate compensation to meet the needs of the aging population.
Outline:
Introduction
Purpose of the Study
Overview Medicare & Medicaid
Background and Review of the Problem
Tools Used in the Past to Generate Revenue
Tools That May Save Money
Other Sources of Funding
How to Protect Revenue Streams
From the Paper:
"Unfortunately, while these programs offer some assistance to patients, Medicare and Medicaid often fall far short of need when the time comes to pay for lengthy hospital stays. Legislation in recent years has proposed cutting the budget for Medicare and Medicaid in the past, something that would only increase the problem hospitals and other healthcare facilities have when collecting revenues for treatments offered to the Medicare and Medicaid population (AHA, 2006). Many hospitals and other facilities have gone as far as denying treatment because they cannot keep up with costs associated with caring for those without secondary insurance."
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