Exam 1 Flashcards
Insurance company pays provider set amount of money each month to provide a defined set of Healthcare Services
Capitation
Reimbursement for healthcare services based on predetermined fixed Price–per–case/ diagnosis
DRGs
Providers reimbursement based on the patient’s diagnosis; most common method of payment in today’s healthcare system
Perspective payment system
Method of reimbursing healthcare providers based on each individual service provided; a.k.a. Fee-for-service.
Retrospective payment system
What is the impact of rising healthcare costs on families?
–rely on home remedies/ OTC’s
–skipped dental care
–postponed needed healthcare
–skip medication doses
–did not get prescriptions filled
–skipped recommended treatments/tests
Possible reasons for rising healthcare costs in US:
– aging population
–better technology= increased cost
–wasteful spending
–more chronic illnesses
–Pt’s A lower share of expenses
Method of reimbursing providers based on quality of care provided w/an emphasis on disease prevention and reduction of complications. Better patient outcomes= increased payment.
Pay-for-performance
Disadvantage: noncompliant patients= decreased reimbursement for provider
Medicare provides coverage for:
Persons over 65
Certain disabilities
end-stage renal disease
Joint Federal/State program to provide health insurance for impoverished families and people with certain disabilities.
Primary payer of LTC nationwide.
Fastest-growing component in most state budgets.
Medicaid
Federal entitlement program funded by wages from employees:
Medicare
Provider agrees to or is required by law to accept the Medicare approved amount as full payment for services.
Assignment
Neither Medicare A or B cover:
LTC (unless receiving dialysis)
Dental care/ dentures
cosmetic Sx
acupuncture
hearing aids/exams
Medicare A covers:
Hospitalization:
Inpatient in hospital/SNF
hospice care
Home healthcare
Medicare B covers:
Outpatient/MD services:
Ambulance services
preventative services
mental health inpatient/ outpatient
Pt pays premiums/ deductibles
Medicare D covers:
Prescription drugs:
Voluntary
Pt pays premium/ deductible
Medicare C/ medigap covers:
What Medicare A/B/D do not