Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

need help Reimbursements and cost-benefit analysis are ways to compare the costs and benefits of an intervention, where both are expressed in monetary units. (CDC,

image text in transcribed

need help

Reimbursements and cost-benefit analysis are ways to compare the costs and benefits of an intervention, where both are expressed in monetary units. (CDC, n.d.) Cost-Benefit Analysis 1. Monetary Valuation The analysis estimates that the following benefits are worth $140 billion: . Direct medical costs averted Valuation of quality of life gained due to non-fatal heart attacks averted Valuation of life years gained due to fatal heart attacks averted . Next, the analysis estimates that costs to the industry and consumers are $6 billion. 2. Calculation of Net Benefits $140 billion in benefits minus $6 billion in costs equals $134 billion in net benefits. Therefore, benefits minus costs equals net benefits. Net benefit = Benefits - costs = $140 - $6 = $134 billion Part A. Monetary Valuation The analysis estimates that the following benefits are worth $200 billion: Copy 17 183 Direct medical costs averted Valuation of quality of life gained due to non-fatal heart attacks averted Valuation of life years gained due to fatal heart attacks averted Next, the analysis estimates that cost to the industry and consumers is $17 billion. relative to the benefit of the procedure? 1. Calculate the net benefits. 58/2008178 2. What does the value tell you as an administratori 3. Reimbursement methods Part B. Answer the following questions: delivery of health services? What incentives are given to providers under each of these reimbursement protocols? What are the various reimbursement methods used by third-party payers? What are the advantages and disadvantages of each of these reimbursement methods? Solve the problem in Part A, and write a 5-page analysis in response to the questions in Part B. Cite at least 5 How do these reimbursement methods impact the What is capitation? . references in APA format

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Accounting

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

19th Edition

0538869720, 978-0538869720

More Books

Students explore these related Accounting questions