Which approach you feel best meets need of key stakeholders

Assignment Help Business Management

Reference no: EM133733847

Discussion Post: Health and Medical Price Setters & 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 discussion.

1) 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?

2) 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.

Reference no: EM133733847

Questions Cloud

Which painting in this section tells you the most : HUM 110- Which painting in this section tells you the most about the painter's personality? Which do you think is the most psychologically revealing?

Studied various leadership styles : Mr. Jones wants to improve his school and has studied various leadership styles. He wants to focus on how to help staff become active participants

Understanding diversity in organizations : Using an accepted framework for understanding diversity in organizations, evaluate the diversity and inclusion efforts of a department or organization.

Companies like volvo have built reputations around safety : Companies like Volvo have built reputations around safety, consistently introducing new safety technologies and conducting rigorous testing.

Which approach you feel best meets need of key stakeholders : After weighing the pros and cons of each, which approach do you feel best meets the needs of the key stakeholders?

Discuss the union and the confederacy in the civil war : Identify the strategy each side adopted at the outset for winning the war. Finally, can you imagine ways in which the Civil War might have ended differently?

Discretion and bias in performance evaluation : Review the document on Discretion and Bias in Performance Evaluation.

How do cultural dynamics impact communication among staff : Discuss biggest challenges to effective communication in your workplace. How do cultural dynamics impact communication among staff and providers? With patients?

Create successful organization : Explain the various ways that Generational Diversity can be prioritized to create a successful organization.

User Account

All Pages