Reimbursement requirements for billing purposes in the USA healthcare system - Essay Example

Only on StudentShare

Extract of sample
Reimbursement requirements for billing purposes in the USA healthcare system

There are two types of insurance service providers; private and government. Private insurance is a form of business just as any other and therefore exist primarily to make profit. They therefore develop service bouquets that protect their primary interests of profitability. Government insurers on the other hand obtain their funding from the taxpayers and therefore operate with the sole objective of providing affordable medical insurance to the appropriate citizens. Government therefore provides insurance services to its employees known as civil servants and the poor in the society most of whom cannot afford the cost of private insurance. In both cases, the insured remit a monthly contribution to the service provider for the insurance coverage. On those considered the poor by the government, they remit a small amount of money set by the government, which the government supplements with money from the treasury. This way, everyone affords high quality medical services. Medical insurance services differ in terms of the cover specifications. A feature more prevalent in private insurance government insurers provides uniform services to those it considers unable to afford private services. ...Show more

Summary

Reimbursement requirements for billing purposes in the USA healthcare system Name: Institution: Introduction Insurance refers to a means of indemnity against a future occurrence of uncertain events. People ascribe to different insurance services in order to cushion themselves from different forms of uncertainties…
Author : fbrakus
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Reimbursement requirements for billing purposes in the USA healthcare system"
with a personal 20% discount.
Grab the best paper

Related Essays

Funding Healthcare System, Sharing Risk and Portfolio Theory
Achieving these measures, require input from financial resources that would support purchase of equipment, building structures, compensating health service staffs, and paying for drugs among other consumables (Glied and Smith, 2011). Therefore, there is a need to understand how these finances are generated and managed that often involves revenue collection processes and pooling of funds (Grossman, 2011; pg.
15 pages (3750 words) Thesis
USA Cost Accounting
Introduction Politics and Government in the USA, it seems, are always on a spending spree. Even though we have just emerged from a recession, we seem to be in danger of falling into another. When President Obama won the election just over two years ago, it was first announced that the US was officially in a recession.
4 pages (1000 words) Essay
PwC Pays for Priority New Recruiting Tool for College Students Gives Accounting Firm Top Billing
This is one of the key measures the firm has taken to cope with the current demands and dynamisms in the global economy to maintain a sustainable share in its business environment. PWC is a large multinational company whose headquarters are located in the United States.
3 pages (750 words) Essay
Healthcare Budget
Basically, the operating budget would proportionate and apportion funds to various sectors of the hospital’s operations. But it is worth noting that the usefulness of the healthcare operating budget is only complemented and achieved if some of the key practices that hinder the successful and effective creation and monitoring of the operating budget are identified.
5 pages (1250 words) Term Paper
Reporting Requirements Memo
The first project is about examination and engagement work for a small county hospital and the other for a private not-for-profit nursing home. This memo consists of the required information that will help our firm in the bidding process. At the beginning of this memo there is an analysis of accounting reporting requirements for private non-for-profit nursing homes under Financial Accounting Standard board.
5 pages (1250 words) Essay
The Purposes of Budgeting
Accounting Table of Contents The Purposes of Budgeting 2 Conventional Budgeting Process in the Global Context 2 Zero-based Budgeting 3 Activity-based Budgeting 4 Beyond Budgeting Model 4 The Behavioural Aspects of Budgeting 6 Reflection 7 Bibliography 8 Traditionally, the main use of budgeting has been to control expenses and facilitate planning process.
6 pages (1500 words) Essay
Essay 3
These developments have also been felt in the banking environment. One the developments have pertained to the adoption of the mobile banking. Hello Money is a mobile banking service brand for Barclays Bank that allows customers to carry out financial transactions by using mobile devices and personal digital.
5 pages (1250 words) Essay
Healthcare post merger analysis
Gamble (2012) stated “As hospitals continue to merge and affiliate, it presents a real concern whether independent hospitals can sustain their model and survive. Hospitals are merging or being bought and sold at a rate that continues to grow, driven by declining reimbursement, tight credit and the pursuit for more leverage with payors.” Under this scenario, it is important to understand the key financial drivers that cause health care organizations to merge, evaluate their financial performance and review the determinants of financial results of the merged entities with a view to improve the financial planning process in the post-merger phase.
6 pages (1500 words) Essay
Financial Statement Analysis
The aim of this essay is to identify and select any two companies from the same industry and perform financial analysis of their past four years with a view to evaluating such published accounts. For clarity to be attained, this essay will use
10 pages (2500 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT