Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HSM425 Assignment: you will go into chapter 1 of your textbook and complete the Analysis in Practice found towards the back of the chapter. To

HSM425

Assignment: you will go into chapter 1 of your textbook and complete the "Analysis in Practice" found towards the back of the chapter. To earn points for the assignment, two sentences summarizing what you learned from the "Analysis in Practice", verifying that you completed this activity. *** I dont understand this**

Analysis in Practice The practice data set that accompanies this text includes select data from Medicare inpatient claims. The detailed documentation for this data set may be found here: http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics- Trends-and-Reports/Medicare-Provider-Charge-Data/Inpatient2012.html. The practice data set includes hospitals located in Ohio and MS-DRGs 064, 065 and 066. The variables available are (reproduced here from the link above): DRG Definition: The code and description identifying the MS-DRG. MS-DRGs are a classification system that groups similar clinical conditions (diagnoses) and the procedures furnished by the hospital during the stay. Provider Id: The provider identifier assigned to the Medicare certified hospital facility. Provider Name: The name of the provider. Provider Street Address: The provider's street address. Provider City: The city where the provider is located. Provider State: The state where the provider is located. Provider Zip Code: The provider's zip code. Provider HRR: The Hospital Referral Region (HRR) where the provider is located. Total Discharges: The number of discharges billed by the provider for inpatient hospital services. Average Covered Charges: The provider's average charge for services covered by Medicare for all discharges in the DRG. These will vary from hospital to hospital because of differences in hospital charge structures. Average Total Payments: The average total payments to all providers for the MS-DRG including the MS-DRG amount, teaching, disproportionate share, capital, and outlier payments for all cases. Also included in average total payments are co-payment and deductible amounts that the patient is responsible for and any additional payments by third parties for coordination of benefits. Average Medicare Payments: The average amount that Medicare pays to the provider for Medicare's share of the MS-DRG. Average Medicare payment amounts include the MS-DRG amount, teaching, disproportionate share, capital, and outlier payments for all cases. Medicare payments do not include beneficiary co-payments and deductible amounts nor any additional payments from third parties for coordination of benefits. Prior to using this data, an analyst must assign data types to each of the variables. The table below lists the attributes of each data element.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

12th edition

9780134487151, 013448715X, 978-0134674681

Students also viewed these General Management questions

Question

Statistical regression: Were extreme groups used?

Answered: 1 week ago