Problem 1 Consider the following hospital payment systems. Describe how each of them will affect: (1) the number of admissions; (2) the average length of stay; (3) the volume of services per day. 1. Fee-for-service payment [5] 2. "Per Diem" payment (payment per day) [5] 3. Fixed-fee per hospital admission [5] 4. Per-episode (one single episode can involve readmissions and subsequent care) [5]
Problem 1 Consider the following hospital payment systems. Describe how each of them will affect: (1) the number of admissions; (2) the average length of stay; (3) the volume of services per day. 1. Fee-for-service payment [5] 2. "Per Diem" payment (payment per day) [5] 3. Fixed-fee per hospital admission [5] 4. Per-episode (one single episode can involve readmissions and subsequent care) [5]
Chapter10: The Hospital Services Market
Section: Chapter Questions
Problem 1QAP
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![Problem 1 Consider the following hospital payment systems. Describe how each of
them will affect: (1) the number of admissions; (2) the average length of stay; (3) the
volume of services per day.
1. Fee-for-service payment [5]
2. "Per Diem" payment (payment per day) [5]
3. Fixed-fee per hospital admission [5]
4. Per-episode (one single episode can involve readmissions and subsequent care) [5]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72e96f40-b4d2-4cac-8858-a3bc00a0caae%2F7148d61d-dd1a-41b7-b0b5-a0f42c451f6b%2Flf7jgvo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 1 Consider the following hospital payment systems. Describe how each of
them will affect: (1) the number of admissions; (2) the average length of stay; (3) the
volume of services per day.
1. Fee-for-service payment [5]
2. "Per Diem" payment (payment per day) [5]
3. Fixed-fee per hospital admission [5]
4. Per-episode (one single episode can involve readmissions and subsequent care) [5]
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