Description
This week’s discussion focuses on the financial and economic decisions hospitals face in our current healthcare system. For your initial post, explain how cost-shifting impacts the flow of hospital monies. Describe "cream skimming" and determine if it is an ethical business practice, particularly in healthcare economics. How do Medicare and Medicaid reimbursements apply to these practices? What impact do these reimbursement systems have on a hospital’s budget?
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
kindly check the attached document. thank you.
Running Head: HEALTHCARE ETHICS
1
Healthcare Ethics
Name:
Institution Affiliate:
Date:
HEALTHCARE ETHICS
2
Cost shifting is a term that is used in the healthcare field. It is when a healthcare
professional charges an insured patient more money than it does for an uninsured client for
the same procedure. The method helps hospitals cater to their losses and pay for the
uninsured. The method affects the flow of hospital monies in various ways. It lowers
financial losses. If the government cuts the amount of money that it sends to Medicaid and
Medicare, it will decrease the revenue that these organizations will receive. During such
times, the method enables them to stay in business and provide ser...