HCAD 640 Reimbursement Models for OtroRaza Health Paper

You are the Associate Vice President for Education and Training for OtroRaza Health, the academic medical center and health system associated with Enormous State School of Medicine (ESSM). The vice president of medical affairs comes to you concerned about the viability of the school’s residency programs. Several of ESSM’s residency site stakeholders are seeking clarification regarding new reimbursement models used by the system.

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Prepare a 4-6 page white paper – for the VP of Medical Affairs to share with the residency sites — outlining the differences between the new reimbursement models and prior traditional models for stakeholders.

In your response, include the following:

Description of each model, such as capitated payments, fee-for-service, including new and emerging models being introduced to the industry, such as value-based, MACRA, and others.

Compare and contrast the traditional and new models and explain the motivation / reasons for the emerging models.

Describe what impact (if any) you perceive there would be on the cost, quality and access to patient care.
Support your research with peer-reviewed sources and/or market data. It is highly recommended to use professional charts / graphs to reinforce written content. Ensure that your content and information is professional and can be followed by an executive audience.
Several examples of white paper formats can be viewed at: https://venngage.com/templates/.
A free downloadable sample white paper can be found at: https://templates.office.com/en-us/whitepaper-tm45338127

Note: your product does not need to be this robust, but should follow the same basic framework.

Question 2: Topic: Health Insurance Managed Care and Reimbursement

Cost accounting is one of the most challenging areas in accounting to understand. “A cost accounting system is a system for recording, analyzing and allocating cost to the individual services provided to patients (e.g., medications, procedures, tests, room and board) (Becker’s Hospital Review, 2014). The healthcare industry has been working toward the goal of correlating cost with quality. Read Porter, M. E., & Lee, T. H. (2016). From volume to value in health care: the work begins. JAMA, 316(10), 1047-1048. Discuss how healthcare providers and patients can benefit when cost is correlated with quality of the healthcare services provided. Post an original discussion of a few paragraphs and support your statements with research.

Explanation & Answer: 6 Pages