Health and Medical Financing and Budgeting Discussion Solution

Health and Medical Financing and Budgeting Discussion

Instructions:

Health and Medical Financing and Budgeting Discussion

1.Today’s summary revolves around Financing and Budgeting for the proposed expansion into the Golden Age Hospital and Community Clinic. In accomplishing this subject, topics will range from the how the cost of facility construction, equipment and instrumentation will be fully paid for by the state of California through a grant, how all seniors above the age 65 who come to us for care, will only have Federal Medicare health insurance and from a financial standpoint, how both entities will be financially balanced, as in income and Medicare payments will fully cover operating cost.

Also covered under today’s discussion will be the Medicare Prospective Payment System, specifically, how the hospital is reimbursed per procedure or treatment and is based on a pre-defined financial sum and not on the length of stay or severity of services provided. Utilizing the specialized services proposed in Case One and finalized in Case Two, a sample budget has also been provided, utilizing the payment amounts provided, along with additional miscellaneous expenses. Finally, a forecast of profits or loss for the GAH for the first year will be introduced along with recommendations to move forward from this point, within the conclusion of today’s topics.

2. The financial structure for development and operation will be determined by all the budget developed based on the infrastructure requirements set up by the project development team. There’s a lot to be taken into consideration since the finances will be provided by the state. This will include construction costs, medical instruments, communication systems, and licenses, (Bodie& Merton, 2000)

The type of medical insurance cover for the GAH project will be determined by the Federal medical institutions for the majority if not all the services for the senior population was demographic. The operational costs for the project will also be secured since the payments from the Federal Insurance will be used for this specific function.

The Medicare Prospective Payment System is set in such a way that it maximizes the priority on the medical needs of the senior population that will be utilizing the hospital’s services in that community and the surrounding municipalities. Reimbursements are also catered for by the government for the GAH project for different treatment procedures (Golembiewski, & Rabin 1997)

The projected financial forecasts for the first operational year are also included as part of the finances needed for the development of the project. The services offered are also determined at this stage of project development.

Health and Medical Financing and Budgeting Discussion

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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