Define each of the following reimbursement methods with short answers and respond to the questions that follow:

Cost-based

Value-based

Charge based and discounted charges

Per procedure

Per diagnosis

Per diem

Bundled

Capitation

In addition, you need to respond to each of the questions with short answers:

Which type of reimbursement plan do you think is the most effective? Why do you think so?

What do you believe would be the effect on the scope of healthcare financial management?

Provide examples, and compare your thoughts with at least two of your peers. Please explain how they were they different and how were they the same.