Pros and Cons of Reimbursement Systems (***** 3 pages + APA Format + References *****)
In health care, services are most likely to be provided before a payment has been received, so it is imperative for health care providers to establish a reimbursement system that fits their individualized operational needs.
In a 3–4-page paper, identify the pros and cons of the following reimbursement methods:
• Prospective-payment systems
• Cost-reimbursement systems
• Discounted-charge systems
• Flat-rate reimbursement system
You should consider the following questions in your comparison analysis:
• When is each reimbursement system considered the preferred method? What types of providers use each system?
• When would be a time or situation when each would be used?
• How does each reimbursement system affect the various departments of health care companies and providers?
• Will choosing one system over another affect available funding sources?
• What other areas/people may be affected by the decision?