how is a health care firm likely to increase its equity over the course of the year?

What are the phases of health equity research?

What is the impact of the Affordable Care Act on health disparities?

Why is mental health not addressed in minority groups?

What is affordability of care?

What was the Office of Minority Health?

What are the health disparities?

Where is the Center for Health Disparities Research located?

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About this website

What is equity financing in healthcare?

Equity in healthcare financing is studied by investigating services based on peoples' needs for and abilities to pay for these services. 1,2. Thus an equitable healthcare system offers equal services to people from different social and economic rankings and expects equal payments for the services.

Why is capital important in HEALTHCARE?

Access to financial capital is essential to any health care organization that would respond to changes in its community, acquire new technologies and replace old equipment, renovate or replace deteriorated facilities, offer new programs or new services, or make changes to improve productivity or enhance quality.

Does adding debt increase or decrease the flexibility of a healthcare provider Why?

Ans: Adding debt decreases the flexibility of any healthcare provider, because there are likely restrictions that the facility is obligated to meet to satisfy its bondholders.

What is equity financing in the not for profit sector?

Equity financing is the way that an organisation raises money by 'selling' an ownership stake in itself to a third party.

What are capital investments in healthcare?

Capital investment in health typically refers to large expenditures in construction of hospitals and other facilities, investment in diagnostic and treatment technologies, and information technology platforms.

Why might a healthcare organization want to replace current capital equipment?

Why might a healthcare organization want to replace current capital equipment? The capital equipment has reached the end of its useful life. A new piece of capital equipment may improve the quality of patient care.

What avenues are available for not for profit healthcare providers to increase their equity position select all that apply?

The avenues available for for-profit healthcare providers to increase their equity position would be to increase the operation and non-operation incomes, issue stock, and to create partnerships.

What factors contribute to the complexity of the revenue cycle in health care?

Four Factors that Affect the Medical Revenue CycleIncomplete or Incorrectly Recorded Patient Information. Medical billing begins with the first health provider and patient encounter. ... Increased Patient Financial Responsibility. ... Manual Record Keeping. ... Inaccurate Medical Coding.

How does long term debt allow you more flexibility?

Long term loans increase the flexibility of an investor's limited capital by allowing for its distribution over multiple investments, and minimizing the immediate impact on operational cash flow.

What are examples of equity financing?

Equity financing involves selling a portion of a company's equity in return for capital. For example, the owner of Company ABC might need to raise capital to fund business expansion. The owner decides to give up 10% of ownership in the company and sell it to an investor in return for capital.

What are advantages of equity financing?

With equity financing, there is no loan to repay. The business doesn't have to make a monthly loan payment which can be particularly important if the business doesn't initially generate a profit. This in turn, gives you the freedom to channel more money into your growing business.

What are the types of equity financing?

Equity financing can refer to the sale of all equity instruments, such as common stock, preferred shares, share warrants, etc....Ultimately, shares can be sold to the public in the form of an IPO.Angel investors. ... Crowdfunding platforms. ... Venture capital firms. ... Corporate investors. ... Initial public offerings (IPOs)

What is social capital in healthcare?

At individual level, social capital is seen as a personal resource that emerges from social networks where individuals have better access to information, services and support. According to the literature, individuals and communities benefit from social capital, for example in the form of better health [2–5].

Why is capital planning important?

Capital planning is critical to water, sewer, transportation, sanitation, and other essential public services. It is also an important component of a community''s economic development program and strategic plan. Capital facilities and infrastructure are important legacies that serve current and future generations.

Why do healthcare organizations keep cash on hand?

Why do healthcare organizations keep cash on hand. 1) for expected demand to pay employees and vendors in cash. 2) For emergencies and unexpected purchases. 3) for the unexpected demand for cash when a vendor offers a price reduction the organization does not want to pass up.

What are some risk factors when making decisions regarding capital projects in health care?

Hospital management teams should be aware of and prepared to avoid eight key problems for healthcare capital projects: Inadequate resources from the start. Over-reliance on equipment planners. Limited coordination between construction and acquisition teams. Insufficient budget management process.

Healthy People 2020

We would like to show you a description here but the site won’t allow us.

Issues and Challenges Associated With Developing Fair, Equitable ... - AJMC

A well-functioning healthcare system must be coordinated, efficient, cost-effective, and goal-oriented. Unfortunately, these words don’t summarize healthcare services in the United States.

The Need to Promote Health Equity - NCBI Bookshelf

NCBI Bookshelf. A service of the National Library of Medicine, National Institutes of Health. National Academies of Sciences, Engineering, and Medicine; Health and Medicine Division; Board on Population Health and Public Health Practice; Committee on Community-Based Solutions to Promote Health Equity in the United States; Baciu A, Negussie Y, Geller A, et al., editors.

How do investors benefit from the health care system?

Investors will benefit most by solving the health care system’s legion of problems and by adding true value to our health system — delivering high-quality services at affordable prices and eliminating waste. Those that try to maximize their short-term profits by pushing up prices without adding real health care benefits are likely to find that those strategies are unsustainable. Lawmakers and regulators won’t let them get away with such practices for long.

How many physician practices are closed?

Physician practices have been a popular investment for private equity firms for years. According to an analysis published in Bloomberg Law, 45 physician practice transactions were announced or closed in the first quarter of 2019.

How much money has Doctor Patient Unity spent on ads?

They include Doctor Patient Unity, which has spent more than $28 million on ads and is primarily funded by large private-equity-backed companies that own physician practices and staff emergency rooms around the country. Their work seems to be having an impact: efforts to pass protections have stalled in Congress.

Is an ER visit more expensive than a physician's office?

The majority of freestanding ER visits are for non-emergency care, and their treatment can be 22 times more expensive than at a physician’s office. However lucrative in the short run, private investor-backed companies that hurt consumers are not likely to perform well financially in the long term.

Can small practices sell themselves to hospitals?

Yes, these investments can provide independent physicians and small practices with an alternative to selling themselves to hospitals and can help them deal with administrative overhead that takes them away from the job they were trained to perform: providing care.

Is private capital a part of health care?

While private capital is bringing innovation to health care through new delivery models, technologies, and operational efficiencies, there is another side to investors entering health care. Their common business model of buying, growing through acquisition or “roll-up,” and selling for above-average returns is cause for concern.

Is health care regulated?

Unlike many other markets, health care is both highly regulated and highly sensitive to the reality or appearance of victimizing the sick and vulnerable. Consumer outrage leads quickly to government intervention.

How do healthcare leaders effect long-lasting change?

To effect long-lasting change, healthcare leaders can’t rely solely on either administrators or providers .. Rather, improvement teams achieve the highest value when they involve both providers and administrators in the decision-making processes that affect all team members in the health system.

How can organizations increase market share?

Organizations can increase market share by more closely aligning providers, administrators, and the data they rely on to make decisions. A health system’s leadership team must be committed to improving the quality of healthcare delivery, employee engagement, provider recruiting, and financial gains while also finding a way to scale the process, ...

Why do improvement leaders see better outcomes if they implement trainings on a regular basis?

Improvement leaders will see better outcomes if they implement trainings on a regular basis because it is an opportunity to continuously remind leaders of the objective— quality improvement , leadership, and finance. It is also an opportunity to garner clinical support by having providers present trainings.

Why is cost variation important?

The reasons behind the cost variation are an opportunity to prompt thoughtful discussion between the providers and administrators that can lead to increased awareness about the cost of ordering unnecessary labs/tests, keeping patients too long, etc.

What is a COE in healthcare?

Leadership teams can define a COE (like a heart or vascular institute) as a patient-centric program focusing on financial and clinical outcomes and the role of process improvement and care coordination within care settings and across teams/organizations.

How can improvement opportunities be successful?

The five improvement opportunities can only be successful if a health organization’s team members have the appropriate analytics support. With a strong data analyst team in place providing proper support to team members, providers and administrators feel more comfortable referencing data before making decisions and more confident in their ability to make decisions and then accurately measure progress.

What is the role of a strong leadership dyad in health care?

In order to balance all the moving parts, it is critical that health systems have a clear objective, strong leadership dyads (composed of one administrator and one clinician) supporting the objectives, and easy access to keep team members on track.

How does a hospital increase Medicare reimbursement?

A hospital that is caring for a Medicare patient on an inpatient basis generally can increase its reimbursement by providing additional services.

Why are capitation plans more common for physician payment?

declining importance of payer directed referrals. Capitation plans are more common for physician payment because:. they can better control utilization. Employer premium costs for health care coverage are often lowest in which type of health plan: High deductible health plans with savings options.

Why is managed care contract negotiation important?

The growth of managed-care plans and subsequent consolidation is a major reason why managed-care contract negotiation is an important element in revenue management.

Why do hospitals use CPT?

Healthcare facilities use CPT coding in order to be reimbursed inpatient procedures provided to patients.

Which hospital has the lowest cost?

Culver County Hospital has the lowest cost of any hospital in its region. However, it has continually reported very large operating losses and has depended upon tax support from the county. Assuming that positive operating margins are an objective of Culver County Hospital, the hospital could be described as:

Can an emergency room staff ask a patient about their insurance?

Hospital emergency room personnel are permitted to query the patient regarding his or her financial or insurance status at any time as long as the patient initiates such a discussion.

Do payers use claim editing software?

Payers, as well as providers, often employ some type of claim-editing software.

What are the phases of health equity research?

Research following the IOM report can be grouped into three phases using a widely accepted conceptual model for the health equity research agenda: detecting disparities, understanding determinants of disparities, and interventions to reduce disparities.3Detection of disparities is most common, including studies that track changes over time and have found that while overall quality in care has improved, disparities in quality and outcomes by income and race/ethnicity are large and persistent.4Understanding determinants of healthcare disparities is becoming more common in the literature, rather than simply reporting the existence of disparities; and recently the importance of social determinants as a major factor leading to disparities has been acknowledged.5More work is needed to improve understanding of underlying mechanisms. In addition, there is need to change policy at different levels that will ensure reduction in disparities such as equitable provision of medical care, broader public health education efforts, and increased diversity of the medical workforce.6

What is the impact of the Affordable Care Act on health disparities?

A major policy change with possible influence on health disparities in the United States is the passage of the Affordable Care Act (ACA) of 2010.7A number of provisions in the Act aim to increase access to care and make health coverage more affordable.7In addition, provisions exist to improve data collection on race/ethnicity, disability and geographic location as well as increase diversity in the health care workforce, and expand and improve community health center facilities.7While these provisions exist, the extent of implementation of the health reform policies across states will determine the impact on disparities.

Why is mental health not addressed in minority groups?

According to the American Psychological Association, mental and behavioral health is often not sufficiently addressed in racial and ethnic minority groups, especially since these populations are over-represented in and most at risk for mental health disorders. 20Nearly 60% of adults diagnosed with an AMI did not receive treatment or mental health services during the previous year.21Minorities including NHB, Hispanics, and Asian Americans used mental health services less compared to NHW (at rates half that of NHW for NHB and Hispanics, and 33% of that for Asian Americans).18Furthermore, racial and ethnic minorities are often undiagnosed, underdiagnosed, or misdiagnosed due to cultural, linguistic, or historical reasons.20Despite this knowledge, the mental health system has not been able to meet the demands of diverse needs of these individuals, resulting in inadequate and often times, inappropriate care.

What is affordability of care?

Affordability of care includes consideration of out-of-pocket expenses, insurance deductibles, and indirect costs such as time off work and transportation. Health insurance status is an important factor to consider, but does not alleviate financial pressures experienced by some populations, and does not fully explain disparities in access to care.23, 24One challenge is understanding the differential influence of cost of care and lack of health insurance on access to care. The relative importance of insurance coverage, income and community medical care resources differs by ethnicity, with lack of health insurance being a significant access barrier for Hispanics, but less so for African Americans.23Less frequently studied factors, such as care-seeking behavior, trust, patient-provider communication, and discrimination are equally important as insurance for African Americans, and should be considered in addition to affordability of care when developing interventions to improve access.23

What was the Office of Minority Health?

As a result of the Taskforce Report, the Department of Health and Human Services created the Office of Minority Health in 1987 to develop new policies and programs to eliminate disparities. Efforts focused on funding research and demonstration programs, improving race/ethnicity data collection, developing and promoting policies and practices to achieve health equity, and strengthening networks and partnerships. In 1999 Congress mandated an annual National Healthcare Disparities Report, and requested the Institute of Medicine (IOM) to assess the factors that contribute to disparities. The IOM report `Unequal Treatment: Confronting Racial and Ethnic Disparities in Health Care' found continued variation by race in prevalence and burden of a range of illnesses, as well as differences in healthcare services.2These differences often decreased when controlling for socioeconomic differences, but still remained.2In addition, the differences remained after accounting for healthcare access.2The report focused on the clinical encounter and found evidence of stereotyping, bias, and uncertainty that led to disparities in healthcare.2Most importantly, the report underscored the continued existence of disparities in the United States and noted a need to increase general and healthcare system awareness of disparities, promote the use of evidence-based guidelines to facilitate equity in care, and train a more diverse healthcare workforce.2

What are the health disparities?

Over the past twenty years, Healthy People initiatives have focused on disparities, which according to Healthy People 2020, are “particular types of health differences that are closely linked with social, economic, and/or environmental disadvantage and adversely affect groups of people who have systematically experienced greater obstacles to health” based on characteristics such as race and ethnicity, gender, disability, and geographical residence, among others.8National policies have been implemented in phases throughout the last two decades to reduce and eliminate health disparities, and more recently, attain the highest level of care among all population groups across America (i.e., health equity).8Despite such policies, however, specific chronic conditions remain prevalent across disadvantaged populations compared to the majority. These disease conditions, briefly discussed below, illustrate the persistent divide in care, thereby requiring an exhaustive review and comprehensive efforts to make considerable improvements in and eliminate disparate care among multiple population groups.

Where is the Center for Health Disparities Research located?

1Center for Health Disparities Research, Department of Medicine, Medical University of South Carolina, Charleston, SC