Subject Administration Health/Medical/Hospital Administration

Question

Write a report on Reimbursement in Healthcare Facilities.

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The health care firms have a distinctive revenue function from other companies due to many reasons. Firstly, a third party pays a vast share of the total income and is not the direct recipient of the services. Secondly, the costs for closely similar services may vary drastically, thus challenging the use of a compound billing and coding structures. Besides, the protocols followed to determine the amount payable by the third party are often complex and involves multiple players. To enhance ethical practices such as privacy and fairness, the health care system employs numerous billing and coding regulations....

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