Answered: What have been the consequences of…

What have been the consequences of BC/BS conversion from not-for-profit to for-profit status in terms of market share, patient access, quality of care, and cost of care

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Practitioners sometimes consider the financial distress costs in their APV applications. What are…

A: The current worth of financing advantages plus the net present value of a project or business's NPV…

Q: What is the importance of ratio analysis? What are the four main categories? How would a health care…

A: Financial ratios are based on the mathematical relationship between two financial line items. For…

Q: How do economic factors influence healthcare policy decisions and outcomes?l am not satisfy give…

A: The objective of the question is to understand the impact of economic factors on healthcare policy…

Q: Kindly assist. The advantages of group health insurance offered through the workplace include all…

A: Group Health Insurance: It is a medical insurance that covers a group of people, who are usually the…

Q: Think about the investment costs of advanced healthcare technology. What ethics theories can…

A: Investment in the advanced healthcare sector is required to introduce new and latest technology. The…

Q: Among pay-mix alternatives, base pay is largest in work-life balance Osecurity or commitment…

A: Pay mix is a composition of the ratio between the base salary and the variable pay. It depends on…

Q: Identify the factors that can influence the decision-making process when managing healthcare…

A: Healthcare funding is a broader term in relation to healthcare financing. It takes into account the…

Q: What is a third-party payor, and how does the presence of such payors affect the financial…

A: Third party payor in healthcare entities is the payer, insurance company or health agency not…

Q: How might the structure and roles of finance departments in different healthcare settings differ?…

A: The role of healthcare financial department in the health care settings are different in accordance…

Q: Explain the differences between actual cash value (ACV) and replacement cost for homeowner’s…

A: The difference between actual cash value coverage and replacement cost coverage is the depreciation.…

Q: Explain

A: This theory, developed by Daniel Kahneman and Amos Tversky, suggests that people value gains and…

Q: A risk group căn be đefined as a group that shares ghly the same risks of an adverse event…

A: Risk is something which is bear by insurance company in consideration of premium that they have…

Q: Which of the following is NOT an actor in the microenvironment? Question 4 options:…

A: The objective of the question is to identify which among the given options is not an actor in the…

Q: Have we made the payment structure of health care to complicated?

A: Health care providers are paid based on the quality of care they provide rather than…

Q: What’s are the advantages and disadvantages of a single Payer system of a national health insurance…

A: Due to uncertain factors, risk arises. To reduce or manage the risk and possibility of arises of…

Q: Can both moral hazard and adverse selection occur in the insurance market s the difference between…

A: The insurance industry is an important part of the overall financial industry. Insurance is bought…

Q: How is health care marketing different from marketing in other industries?

A: Healthcare sector includes companies that manufacture healthcare products, medical equipments, and…

Q: Can you cite a specific evidence to support this statement: If left unattended, inadequate…

A: Transparency in healthcare costs and performance is crucial for empowering consumers, improving…

Q: They are the Defined Contribution Plans and Defined Benefit Plans. What are the distinct differences…

A: Retirement plans are segregated into 2 plans Defined Benefit Plan (DBP) Defined Contribution Plan…

Q: How can a patient benefit if the premiums paid are more than the cost of the medical care received?…

A: When deciding between individual and group health insurance, a patient should consider several…

Q: What have been the CONSEQUENCES of BC/BS conversion from not-for-profit to for-profit status in…

A: Blue Cross Blue Cross is a name used by an association of health insurance plans throughout the…

Q: Fee-for-service methods of reimbursement create strong incentives for providers to reduce the volume…

A: Fee-for-service reimbursement is a method of payment for healthcare services in which providers…

Q: Which is Idemenity Plan and which is Managed Care Plan? Insureds create contract with an insurer…

A: Only managing the funds, not about financial planning. Financial planning also includes the steps…

Q: Indicate whether the statement is true or false, and justify your answer.In the 2010 American health…

A: The health care reform law passed in 2010 march. The rule has 3 main goalmouths: The law delivers…

Q: nonfinancial performance measures

A: Nonfinancial performance measures are metrics used to measure the performance of an entity not…

Question

What have been the consequences of BC/BS conversion from not-for-profit to for-profit status in terms of market share, patient access, quality of care, and cost of care?

Expert Solution

Step 1

Consequences of BC/BS conversion form profit motive to non profit motive.

BC/BS an organisation which converted from a profit motive to non profit company due to legal regulation and impacted its working cycle.

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Which of he following stalements BEST describes the primary difference between a Health Maintenance Organizalion (HMO) and a Preferred Provider Organization (PPO)? A.Under a PPO lhe insured may use any medical provider whereas providers are restricted with HMOs. B.Under an tvo the deductibles are higher than are those of PPOs. C.POs do not provide preventive care benefits whereas HMOs do D.HMOs utilize larger cost sharing than do PPOs
How can CVP Analysis be used to predict future cost and profitability? How can CVP analysis be used in a hospital setting?
Describe the major elements of the affordable care act. What problem is the legislation trying to address? How much is it expected to cost? How will the extra spending be financed? What are the major objections to the legislation?
By increasing demand, health insurance creates a. A deadweight loss related to overconsumption. b. A deadweight loss related to underconsumption. c. Neither of the above.
How can we compare the alternatives with unequal service lives?
You would have a better chance of insurance coverage for medical services not provided by the network with a preferred provider organization (PPO) than with a health maintenance organization (HMO) plan. Group of answer choices a. True b. False
Which of the following is correct about the effect of a deductible with respect to the price of an insurance policy? O A policy with a deductible will raise the premium. This will make the overall cost of insurance higher for policyholders who do not have a claim, but lower for those with high claims O A policy with a deductible will lower the premium. This will make the overall cost of insurance higher for policyholders who do not have a claim, but lower for those with high claims O A policy with a deductible will raise the premium. This will make the overall cost of insurance lower for policyholders who do not have a claim, but higher for those with high claims O A policy with a deductible will lower the premium. This will make the overal cost of insurance lower for policyholders who do not have a claim, but higher for those with high claims
The main selling point(s) of managed care is (are) what? ☐ 1) Reduce the cost of care. 2) Raise or maintain the quality of care 3) Help employer select healthier employees in the insurance pool. ○ 4) A & B ☐ 5) B & C ○ 6) A & C