Foundations in Theory, business and finance homework help

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YnOryynZr

Business Finance

Description

You are the CEO of a 200-bed acute care facility and are challenged with the mandates of the Patient Protection and Affordable Care Act (PPACA) 2010. More specifically, you must lead your institution in changing reimbursement processes from fee-for-services to bundled payments.

  • In a PowerPoint presentation of 10–15 slides, identify and discuss the best and the least-effective leadership approaches to implement a process change within your finance department.

Your presentation should cover the following points (Lazerow, 2011):

  • History of PPACA 2010
  • How bundle payments are processed
  • How health care facilities price their services
  • How this service was established
  • What benefits this has for the health care facility
  • How physicians and hospitals determine better patient services, lower costs, and increase quality of patient encounters
  • Halo or spillover effect

Include the following in your PowerPoint presentation:

  • Speaker notes
  • Cover page
  • Conclusion
  • References

Reference

Lazerow, R. (2011). The top questions about Medicare's bundled payment program: You asked. We answered. The Daily Briefing. Retrieved from http://www.advisory.com/Daily-Briefing/2011/10/19/...

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Explanation & Answer

Attached.

EFFECTIVE LEADERSHIP
APPROACHES FOR
IMPLEMENTING CHANGE
Course title

Student’s Name
Institution
Instructor
Date

History of PPACA 2010
 The Patient Protection and Affordable Care Act (PPACA) of 2010 was
signed into law by the U.S President Barrack Obama in March 2010
 PPACA 2010 comprised of provisions allowing most citizens to
obtain health insurance cover and crack down on manipulative
insurance packages, in order to make healthcare provision more
affordable.
 The program was essentially considered as the most crucial healthcare
restructuring act since the implementation of the reform in healthcare.
 PPACA 2010 lowers costs to make the program more sustainable, and
at the same time improving the quality of care for seniors and people
with disabilities on Medicare and guaranteed health insurance cover.

How Bundle Payments are Processed
 PPACA 2010 builds on episode-based models of payment established
in the private sector by restructuring payment to incentivize the
coordination of care.
 The initiative is regarded as the compensation of healthcare providers
based on expected costs for clinically defined episodes of care. It is
thus referred to as an episode-based payment and package pricing of
care payment
 PPACA 2010 offers healthcare providers 4 patient-centered episode-ofcare models to select from, allowing them the flexibility to decide on
the conditions they perceive will m...


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