SU Helath & Medical Price Setters and Price Takers Nursing Assignment Help

Discussion – Price Setters and Price Takers

It can be postulated that there are two scenarios when it comes to price setting by providers and provider organizations. Providers refer to those practitioners eligible to bill third-party payers for the services they provide to patients. Provider organizations are facilities where care is delivered to patients. The first scenario is that providers and provider organizations are considered “price takers,” in that the rates of reimbursement are set by the payers with little to no input from providers and organizations. The second scenario is that providers and organizations set their own prices and that payers are expected to pay these rates. These strategies will be explored in this week’s discussion.

  • Briefly discuss what is meant to be a price setter or price taker, the strategies employed in both approaches, and a clear listing of the pros and cons associated with each price setting strategy. After weighing the pros and cons of each, which approach do you feel best meets the needs of the key stakeholders?
  • You will be expected to respond to the initial posting of at least one peer. In this response, you should share what you liked about the posting and why, and then what you believe could strengthen your peer‘s recommendation. 

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Trevino, A. J. (2021). Investigating Social Problems. Nursing Assignment Help

Trevino, A. J. (2021). Investigating Social Problems. Available from: VitalSourceBookshelf, (3rd Edition). SAGE Publications, Inc  This is the book Please respond to the following prompt. Grammar and spelling count. Draw upon the textbook and lecture notes in your response. What troubling social condition are you most concerned with (that may

Overview In this module, you learned how to monitor key Nursing Assignment Help

Overview In this module, you learned how to monitor key performance indicators (KPIs) and boost revenue-cycle management in healthcare organizations. You also explored how data analytics can be leveraged to maintain a robust revenue cycle. In this assignment, you will determine how KPIs support the strategic planning and financial performance

As a new division manager in a health care organization, you Nursing Assignment Help

As a new division manager in a health care organization, you have been given an opportunity to attend a lobbying workshop in Washington, D.C. Before attending the workshop, you must research current health care legislation. In preparation, it is important that you use your influencing skills and demonstrate an understanding of the health care policy

Midterm paper 2 Nursing Assignment Help

Double space is acceptable Midterm II Questions (Due May 20, 2019 at 11:59 PM) Directions: Answer ONE of the questions in a 7-10 page essay, using proper essay structure and technique (identifiable thesis statement, concrete examples, etc.). You MUST cite at least 3 different sources in compiling your answer (lecture