HE 004 Walden University Healthcare Funding Need for Additional Funds Discussion

User Generated

UHGavxf

Health Medical

HE 004

Walden University

HE

Description

follow the rubric as a guideline. It is the most important to acheive this assignment

Unformatted Attachment Preview

HE004: Healthcare Funding in the US: Explain how healthcare in the United States is financed. Assessment Rubric Rubric Criteria Needs Improvement Meets Expectations Exceeds Expectations Board Brief Learning Objective 1.1: Describe funding sources in healthcare settings Learning Objective 1.2: Describe the benefits and features of funding sources. Learning Objective 1.3: Compare advantages for © 2020 Walden University Description does not describe, vaguely describes, or inaccurately describes a funding source currently accepted at the selected healthcare setting. Description of benefits and features of funding sources is not present. Or description for either benefits or features of funding sources is present but not both. Response does not compare advantages for different funding sources. Or response does not clearly and accurately compare advantages of different funding sources. Description clearly and accurately describes a funding source currently accepted at the selected healthcare setting. Description of funding source benefits and features is clear and accurate. Response clearly and accurately compares advantages of different funding sources. Demonstrates the same level of achievement as “Meets” plus the following: Response provides two or more additional funding sources currently accepted at the selected healthcare setting. Explanation demonstrates the same level of achievement as “Meets” plus the following: Response provides two or more additional examples of benefits and features of funding sources. Response demonstrates the same level of achievement as “Meets” plus the following: 1 Rubric Criteria different funding sources. Learning Objective 1.4: Describe how selected funding source relates to the Affordable Care Act. © 2020 Walden University Needs Improvement Description of how the selected funding source relates to the Affordable Care Act is missing. Or the description of how the selected funding source relates to the Affordable Care Act is present but is unclear or inaccurate. Meets Expectations Description of how the selected funding source relates to the Affordable Care Act is clear and accurate. Exceeds Expectations Response provides a clear and accurate comparison for two or more funding sources. Description demonstrates the same level of achievement as “Meets,” plus the following: Description provides two or more examples of how the selected funding source relates to the Affordable Care Act. 2 In this Competency, you explored the various sources for funding healthcare services in the United States. As a healthcare administrator, it will be necessary to find creative ways to make much needed healthcare services available to everyone, even for those who are underinsured or lack insurance entirely. Based on the following scenario, please create a 2–3 pages board brief in APA style, including at least 2 scholarly citations: You are a healthcare administrator in need of an additional funding source to provide to your uninsured and underinsured patients. You are creating a brief for your board advocating for the addition of a private or public funding source to meet the needs of your patients. Your brief should also explain how the funding source you selected relates to the Affordable Care Act. Describe the current funding sources that are accepted in your healthcare setting. Then explain the features and benefits of one private or one public funding source you would like to offer to underinsured or uninsured patients in your healthcare setting. Then explain why the funding source you selected has more advantages than others that you considered and how the source you selected relates to the Affordable Care Act.
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached. Please let me know if you have any questions or need revisions.

Running head: HEALTHCARE FUNDING

Healthcare Funding
Student’s Name
Institutional Affiliation

1

HEALTHCARE FUNDING

2
Healthcare Funding

Healthcare financing is an imperative system aimed at promoting the accomplishment of
universal health coverage. According to WHO (2020), health funding involves three primary
areas: raising funds to support health, alleviating financial obstacles to access healthcare through
prepayment, and out-of-pocket payment and executing or utilizing the funds to promote
efficiency and equity. Schieber, Baeza, Kress, and Maier (2006) noted that health financing
affords resources and the monetary incentives needed for operating the healthcare system
forming the critical factor promoting performance of health system by promoting efficiency,
equity, and excellent health results. The paper provides a board brief for the Acute Care Hospital,
advocating for additional funding to meet the patient’s needs, especially the uninsured and
underinsured.
1.1 Description of Funding Source in Healthcare Setting
Some of the currently accepted funding sources in the acute care healthcare setting include
private insurance, out-of-pocket funds, and government insurance programs (Schreck, 2020).
Private insurance entail funds disbursed by both profits and not-for-profit insurance companies
purchased by individuals and corporations as benefits for their employees. In this case,
individuals or corporations pay a monthly or annual premium, assuring the beneficiaries some
amount of money disbursed to cater to the insured person’s health needs and forming one of the
primary sources of funds in the acute healthcare facility. The second funding source for
healthcare settings is government insurance programs, such as Medicare and Medicaid. Medicare
funds the health of the aged, the incapacitated, and individuals with long-term treatment such as
dialysis. In contrast, Medicaid supports health care for an underprivileged person in the
communities living below the poverty level. Another source of funds to help the underinsured

HEALTHCARE FUNDING

3

and uninsured patients is donor funding, a private fund managed by a third party to
administration charitable donations, funding the medical services for the families, individuals, or
corporations.
1.2 Description of the Benefits and Features of Funding Sources
The described sources of funding accepted by the acute care healthcare setting promote the
affordable care act. Some of the benefits of the defined healthcare funding include delivering in
and outpatient hospital-related services such as physician services, x-rays, and laboratory
services. Other benefits of financing sources include drug prescription, physical therapy, case
administration, and occupational therapy to seek medical attention in the healthcare setting. On
the other hand, the funding depicts various features, such as covering at least 1 out of 5
Americans. The go...


Anonymous
I use Studypool every time I need help studying, and it never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags