Financial Resource Management in Healthcare Task

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Financial Resource Management in Healthcare Task 1 Western Governors University

Seamus Company currently has fee for service model for their healthcare insurance. Fee for service model means that the providers and/or organizations are paid based on what service they provide the patient. For example, hospitals are paid for admissions, lab are based on the labs they perform and radiology on the MRIs, CT scans and x rays they complete. This is the same for the physicians. They are also paid based on the office visit as well as any additional testing they do. This type of payment can encourage physician and organizations to perform additional testing and services that may not be necessary in order to obtain a higher reimbursement payment from the insurance company. As the...

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