N471 Final Exam Flashcards
(125 cards)
Reduced uninsured, increased access to care
Focus on VALUE vs VOLUME
Patient Protection and Affordable Care Act
Group of providers working together to take care of patient groups, goal of seamless, quality care, coordination of care
Accountable Care Organizations
Focus on efficient, effective, and quality services, equals out in revenue
Everyone is responsible, unit manager considers each unit’s budget
Cost Containment
A financial plan
Must be as accurate as possible
Value is directly related to its accuracy
Budget
Mortgages, salaries
Fixed expenses
Payroll of hourly employees, cost of supplies
Variable expenses
How many people work during a shift, number of personnel employed
Controlled expenses
Emergencies, needing more staff/time, specific supplies needed to care for patients
Uncontrolled expenses
Each of an organization’s revenues, expenses, assets, and liabilities are someone’s responsibility
Leader-manager at unit level is active participant in unit budgeting
Responsibility Accounting
Assess- what are the needs
Diagnosis- what needs are priority
Plan- set time/goals
Implementation- continue to assess for change
Evaluation- review, add, remove
Steps to Budgeting
Largest expenditure in a budget
Workforce
Personnel Budget
Expenses that change- electricity, repairs, maintenance, supplies
Operating Budget
Buildings, major equipment budget
NOT USED DAILY
MORE EXPENSIVE THAN OPERATING BUDGET
Capital Budget
Predetermined payment schedule based off specific pt conditions/diagnoses
Diagnosis Related Groups
Federally funded program for seniors over age 65 or disabled
Recipient pays into the insurance plan
Medicare (MC)
MC Hospital insurance plan
Medicare A
MC outpatient care and physician services coverage
Medicare B
MC managed care plan coverage
Medicare C
MC prescription drug coverage
Medicare D
Federal/state plan to assist indigent population, disabled, long-term care
Medicaid (MA)
Regulations as to what providers/healthcare agencies can charge based on a diagnosis rather than patient-specific
Prospective Payment System (PPS)
Health program that looks at efficiency, access, and cost, primary care provider as gatekeeper
Managed Care Organization (MCO)
Communication with patients, families, colleagues, leadership
Necessary for continuity and productivity
Interpersonal communication
More complex than interpersonal communication
More communication channels
More individuals
More information
New technology
Organizational Communication