DHA 8007 Discussion

DHA 8007 Discussion Week 4 Medicare and Medicaid Programs
Capella University, DHA 8007 Discussion

DHA 8007 Discussion Week 4 Medicare and Medicaid Programs

DHA 8007 Discussion Week 4 Medicare and Medicaid Programs Week 4 Discussion: Medicare and Medicaid Programs  Accountable Care Organizations (ACOs) An accountable care organization (ACO) is a healthcare provider organization, made up of physicians and hospitals, that come together to offer coordinated care to Medicaid patients. Baker argues that ACOs seek to achieve the right care at the right time, eliminate redundant services, and eradicate medical errors (Ross, 2023). ACOs encourage provider collaboration, and the end goal is better health outcomes and reduced healthcare expenses. If ACOs provide such quality care and save on the cost of the Medicare program, they can also share the savings they create with the Medicare program. The Centers for Medicare and Medicaid Services (CMS) is an organization that assists the ACOs with such programs as the Medicare Shared Savings Program (MSSP) (Ying et al., 2024). CMS encourages participation in the ACOs using financial incentives that foster better care organization, patient outcomes, and expenses. As CMS shifts the burden onto the ACOs, the quality of care that Medicare beneficiaries receive will also be improved, but the amount spent on health care will also be kept in check. Value-based purchasing (VBP) The value-based purchasing (VBP) model is a healthcare payment plan that pays healthcare providers in accordance with the quality and patient outcomes that they have achieved rather than the quantity of services provided (Ross, 2023). The incentives provided in the VBP programs make the providers offer quality services at reduced costs. It puts the emphasis away from the established fee-for-service and on value-based care that would ideally be patient satisfaction, care coordination, and outcomes to enhance overall healthcare quality. The CMS makes use of VBP programs to necessitate better quality and efficiency of care in hospitals and other health facilities. As an example, under the program of hospital value-based purchasing, CMS provides incentives to hospitals, depending on their performance regarding such measures as patient outcomes, safety, and experience (Chiu et al., 2022). CMS ties a percentage of Medicare payments to the quality of care to facilitate more quality and patient-focused care by healthcare professionals. Never Events Never events are serious, avoidable, as well as expensive medical errors that cannot be experienced in any healthcare setting. They could be wrong body part surgeries, significant pressure ulcers, and others that result in falls and cause minor injuries to patients (Fortier et al., 2023). They are considered to be unacceptable as they lead to severe damage and even death of patients (Ross, 2023). In a bid to reduce recurrences of such incidents, there has been a need to ensure that strict protocols are put in place by healthcare organizations, and there is an increasing need to make hospitals pay financially for preventable mistakes. To deal with never events, CMS has formulated policies that deny reimbursement for some avoidable medical mistakes. This is known as non-payment for preventable complications (Wood et al., 2024). Under this policy, hospitals have been made responsible in terms of patient safety through the denial of payment in care involving never events like hospital-acquired infections or wrong-site surgery. The concept is to encourage caregivers to improve their safety measures and prevent such preventable cases to improve patient safety. References Chiu, N., Aggarwal, R., Song, Y., & Wadhera, R. K. (2022). Association of the Medicare value-based purchasing program with changes in patient care experience at safety-net vs. non–safe–net hospitals. Journal of American Medical Association (JAMA) Health Forum, 3(7). https://doi.org/10.1001/jamahealthforum.2022.1956 Fortier, J. H., Garber, G., Gorter, R. D., Bowman, C. L., & Zaslow, J. (2023). Identifying a list of healthcare “never events” to effect system change: A systematic review and narrative synthesis. British Medical Journal (BMJ) Open Quality, 12(2). https://doi.org/10.1136/bmjoq-2023-002264 Ross, T. K. (2023). Baker healthcare finance: Basic tools for nonfinancial managers (6th ed.). Jones and Barlett Learning. https://www.jblearning.com/catalog/productdetails/9781284233186 Wood, D., Beauvais, B., Sturdivant, R., & Kim, F. (2024). Evaluating the effect of financial penalty on hospital-acquired infections. Risk Management and Healthcare Policy, 17, 2181–2190. https://doi.org/10.2147/rmhp.s469424 Ying, M., Forman, J. H., Murali, S., Gauntlett, L. E., Krein, S. L., Hollenbeck, B. K., & Hollingsworth, J. M. (2024). Factors affecting ACOs’ decisions to remain in or exit the Medicare shared savings program following pathways to success. Health Affairs Scholar, 2(1). https://doi.org/10.1093/haschl/qxad093

DHA 8007 Discussion 2 Week 10
Capella University, DHA 8007 Discussion

DHA 8007 Discussion 2 Week 10

DHA 8007 Discussion 2 Week 10 Week 10 DQ 2 The course has provided me with a chance to acquire things I would be able to apply at both a personal and professional level. Break-even analysis, cost-benefit analysis, and ratio analysis are some of the most important subjects to my practice as a manager in health care. Learning about the steps of determining the break-even point and the cost-benefit ratio will also allow me to make decisions in the analysis of new projects or services in a manner that resources will be used properly, and the returns on investments will be positive. An example is that accounts receivable is learning how to maximize the amount of revenue I have been collecting, and it could be applicable to maximize cash flows in a healthcare environment. Moreover, knowing how the accounts are going to be managed would enable any potential financial problems to be prevented, and the organization to maintain a healthy financial position. I have acquired information in the areas of medicine and Medicare and Medicaid programs, which are crucial in learning to work with a reimbursement system and to match services with government programs. Being aware of this will help me to understand the financial planning of organizations better in order to align with the regulations and emerge profitable. The contents of the Affordable Care Act (ACA) will keep me informed of the latest developments in policy modifications that impact health finance. I will therefore be able to apply the knowledge to develop strategies that are consistent with ACA provisions, particularly relating to lowering costs and enhancing quality. Personally, concepts of financial analysis, such as ratio analysis, will help me in managing my finances. Knowledge of such tools will help me to evaluate investments and budget my money better. Generally, this course has furnished me with requisite skills in making good financial decisions, whether at the workplace or on a personal level.

DHA 8007 Discussion 2 Week 1
Capella University, DHA 8007 Discussion

DHA 8007 Discussion 2 Week 1

DHA 8007 Discussion 2 Week 1 Week 1 Discussion 2 The four components of financial management are planning, controlling, organising, directing money, and decision-making. It is founded on forecasting the future financial needs and the formulation of a financial scheme for the organisation. One of the methods of monitoring and reporting to the established financial plan is the process of controlling so that the activities of the organisation can be in line with the established financial plan. Organising and directing is the strategy of organising the financial structure, how to use the financial resources most efficiently, and the way to manage the daily running of these operations. Finally, financial data is applied to decide between the alternatives presented to the organisation to make sure that the financial outcomes correspond to the objectives of the whole organisation (Ross, 2023a). Financial health of organisations in a healthcare environment entails financial management since it allows a healthcare environment organisation to persist in the process of providing quality care. As the nature of the regulations varies constantly, as well as the models of reimbursement and the necessity to be efficient, financial management can assist healthcare administrators to make their way in a complex environment. Financial management would allow them to make practical decisions in terms of resource distribution, budget control, and investments in technologies or services that would enhance the care of patients (Ross, 2023b). Besides, it becomes even more critical in the context of value-based reimbursement as the reimbursement of the hospitals is given based on the performance of the work and the quality of provided services and not on the number of offered services. It can help administrators balance between costs and patient outcomes improvement to meet the value-based care requirements, thereby becoming more efficient and profitable (Homauni et al., 2023). The hospital value-based purchasing (VBP) Program is one of the aspects of the change to value-based care in the United States. Centres for Medicare and Medicaid Services (CMS) have devised this program to reward or penalize hospitals according to their performance on some quality measures such as clinical outcomes, patient safety, and patient experiences (Ross, 2023b). Hospitals under the VBP Program are motivated to advance in their quality of services as a part of their payment is dependent on their capability to meet or surpass their performance levels. This offers motivation to the hospitals to minimise costs and offer quality care to achieve increased patient satisfaction and health improvement (Bhati et al., 2023). The administrators have to attend to the money, especially in value-based reimbursement, which will help to balance the cost and quality of care. The trend towards the improvement of patient outcomes and financial sustainability is still being heightened by such programs as hospital value-based purchasing. References Bhati, D., Deogade, M. S., & Kanyal, D. (2023). Improving patient outcomes through effective hospital administration: A comprehensive review. Cureus, 15(10), 1–12. https://doi.org/10.7759/cureus.47731 Homauni, A., Moghaddam, N. M., Mosadeghkhah, A., Noori, M., & Abbasiyan, K. (2023). Budgeting in healthcare systems and organizations: A systematic review. Iranian Journal of Public Health, 52(9), 8–12. https://doi.org/10.18502/ijph.v52i9.13571 Ross, T. K. (2023a). Introduction to healthcare finance. R. W. Baker (Ed.). Baker’s health care finance: Basic tools for nonfinancial managers (pp. 3-9). Jones & Bartlett Learning. https://books.google.com.pk/books?id=RbPYzgEACAAJ&printsec=frontcover&source=gbs_ge_summary_r&redir_esc=y#v=onepage&q&f=false Ross, T. K. (2023b). Value-based healthcare and its financial and digital outcomes. R. W. Baker (Ed.). Baker’s health care finance: Basic tools for nonfinancial managers (pp. 366-368). Jones & Bartlett Learning. https://books.google.com.pk/books?id=RbPYzgEACAAJ&printsec=frontcover&source=gbs_ge_summary_r&redir_esc=y#v=onepage&q&f=false

DHA 8007 Discussion 1 Week 10
Capella University, DHA 8007 Discussion

DHA 8007 Discussion 1 Week 10

DHA 8007 Discussion 1 Week 10 Week 10 DQ The Affordable Care Act (ACA) of 2010 was intended to restructure the US healthcare system in order to bring improved care, reduced costs, and accessibility to care. Expansion was thus attained by the establishment of health insurance markets and Medicaid expansion, and other reforms. Through the ACA, quality care will be enhanced due to those necessary health benefits that will be paid by insurers and the pre-existing conditions that will be covered by insurance, as they allow preventive measures, such as free screenings and vaccinations (Neiman et al., 2021). Baker explains that cost-reduction changes in payment were implemented by the ACA, which enacted reduction programs such as the Hospital Readmissions Reduction Program, the use of Accountable Care Organizations (ACOs), and value-based purchasing models (Ross, 2023). These plans encourage providers to deliver outcomes and efficiency, as opposed to volume, and provide subsidies to people with low to middle incomes, which will decrease the cost of out-of-pocket care. Expansion of Medicaid saved the pockets of most of the underserved groups. ACA will be successful when it receives the support of the stakeholders and is accepted by the community. Others would include contacting healthcare providers, insurers, and policymakers with evidence of improvement in health outcomes and costs in the form of evidence-based data. Community education has the potential to make the acceptance level higher by dispelling the myths of the real advantages of the law, such as access to health care and reduced financial barriers (Hill et al., 2021). In the community, the ACA has had mixed but generally positive effects-for example, the number of uninsured has dramatically decreased as Medicaid expansion and increases in enrollment in health exchanges have occurred. Community health institutions reported having access to more primary care services for patients due to the reduction in the number of emergencies from avoidable diseases. There are still challenges related to the persistence of disparities in access to such areas as rural or underserved populations. To sum up, the ACA has benefited numerous Americans by increasing access, enhancing quality, and decreasing prices. Sustaining success requires sustained involvement of all stakeholders and interventions in communities. References Hill, E., Gurbutt, D., Makuloluwa, T., Gordon, M., Georgiou, R., Roddam, H., Seneviratne, S., Byrom, A., Pollard, K., Abhayasinghe, K., & Larsen, K. (2021). Collaborative healthcare education programmes for continuing professional education in low and middle-income countries: A best evidence medical education (BEME) systematic review. BEME Guide No. 65. Medical Teacher, 43(11), 1–14. https://doi.org/10.1080/0142159x.2021.1962832 Neiman, P. U., Tsai, T. C., Bergmark, R. W., Ibrahim, A., Nathan, H., & Scott, J. W. (2021). The affordable care act at 10 years: Evaluating the evidence and navigating an uncertain future. Journal of Surgical Research, 263, 102–109. https://doi.org/10.1016/j.jss.2020.12.056 Ross, T. K. (2023). Baker’s health care finance: Basic tools for nonfinancial managers (6th ed.). Jones & Bartlett Learning. https://books.google.com.pk/books?id=RbPYzgEACAAJ&printsec=frontcover&source=gbs_ge_summary_r&redir_esc=y#v=onepage&q&f=false

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