Description
Create a matrix in which you:
- Identify at least 3 economic trends of the health care payment system.
- Identify ethics and compliance issues associated with those trends.
Cite 3 peer-reviewed, scholarly, or similar references to support your chosen trends and issues.
Explanation & Answer
Attached.
Running head: FINANCE ENVIRONMENT MATRIX
Finance Environment Matrix
Student’s Name
Institutional Affiliation
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FINANCE ENVIRONMENT MATRIX
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Finance Environment Matrix
The healthcare payment system has significantly evolved from traditional manual
systems and out-of-pocket systems to automated electronic systems and paid insurance
coverage. The evolution has given rise to transitional trends with differing implications
implication of the healthcare payment system. Some of the notable trends with economic
implications include health consumerism, expanding coverage and increased premium and
online payment options.
Healthcare consumerism
Healthcare consumerism as an economic factor influence value in the care payment
system. Healthcare consumerism is the use of health benefit plans to put more purchasing and
decision-making power in the hand s of the consumer. The insurer/plan provider ensures to
deliver comprehensive information, support tools, financial incentives and benefits to
increase and influence purchasing behavior. Consumers have become more engaged in
making healthcare decisions which see the expect value for their money (Vogenberg &
Santilli,...