MH0054 – Finance, Economics and Planning in Healthcare Services

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ASSIGNMENT

DRIVE - Spring 2017

PROGRAM- Master of Business Administration in Healthcare Services Management – MBA(HCS)

SEMESTER- Semester 3

SUBJECT CODE & NAME    

MH0054 – Finance, Economics and Planning in Healthcare Services

    

Note – Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Ques 1. Explain medical billing process in healthcare organisations.

Ans: Billing in healthcare is the process of submitting and following up on claims to insurance companies in order to receive payment for services rendered by a healthcare provider. The same process is used for most insurance companies, whether they are private companies or government-

Ques 2. Explain cost allocation in healthcare organizations.

Ans Cost Allocation

Healthcare organizations, like any other organization, are required to set priorities and allocate resources within the constraint of limited funding. Despite that, the decision makers are sometimes not

Ques 3. Throw light on the incentives available for healthcare sector under the Income Tax Act.

Ans Incentives Available to Healthcare Sector under the Income Tax Act Recognizing the critical role played by the health Industry, the industry has been conferred with the infrastructure status under section 10(23G) of the Income Act.

The Indian Health

Ques 4. Explain budgeting techniques in healthcare services.

Ans Budgeting Process for Healthcare Services

The process of preparing a meaningful and useful budget is best undertaken as an organised and structured group exercise. The budget process involves asking a number of questions. These start with plans and goals, not numbers.

Step 1:

Quest 5. Explain different methods of evaluation of healthcare services.

Ans Marginal analysis

This is the one of simplest method of micro-economic evaluation. In this method, there is no need to know the total exact costs or benefits of the various services or treatments. It involves a comparison of the marginal costs and benefits of the alternative services, and it leaves much to the judgements of the decision-maker. It provides estimates of the implications of redeploying resources within, to,

Ques 6. Explain the importance of healthcare planning. Add a note of types of healthcare planning.

Ans The Government is conscious of the need for dynamic Indian health planning and management. Innovative healthcare and development programs are the need of the hour. For this, major organizations like the National AIDS Control organization have been established by the Health Ministry.

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