Solution-Discuss the impact moving to the cash-pay model

Discuss the impact moving to the cash-pay model

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Reference no: EM132779699

Price transparency is becoming a hot topic in today's health care landscape, from both patient and managerial perspectives. Many health care entities are taking price transparency a step further, and are catering directly to the patient consumer by offering cash pricing.

Assume the role of a physician-owned, surgery center manager. The owners have called a meeting to discuss changing the center's payment model to reflect cash pricing. This move would also eliminate insurance payments entirely. Respond to the following questions:

-Research similar cash-pay models for surgery centers. In bullet point format, provide three (3) pros and three (3) cons of this model.

-Discuss the impact moving to the cash-pay model would have on your staff and daily operations. What adjustments would need to be made?

-What financial documents will you reference to compare prior years' financials with projections of the cash-pay model?

-How will your financial reporting practices be affected by no longer accepting insurance payments?

Reference no: EM132779699

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Discuss the impact moving to the cash-pay model

Reference no: EM132779699

Reference no: EM132779699

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