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Finance Economics and Planning in Healthcare Essay

Get solved assignments at nominal price of RSI. 120 each. Mail us at: [email protected] Com or contact at 09882243490 Master of Business Administration- MBA Semester 3 MAYHEM-Finance, Economics and Planning in Health

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care-4 Credits (Book ID: Bal 21 5) Assignment (60 Marks) Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60 IQ . Give an account of the incentives available to healthcare sector under the Income Tax Act.

Answer. An COHO generally refers to a company that provides support services to its offices correlated companies regionally and globally. SQ. What do you mean by health economics? Discuss the role of economists in healthcare industry. SQ. Discuss the importance of financial information in Health

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care Organizations. Answer.

Importance of financial information in Health

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care Organizations: Managing the finances of any health care business nowadays is like driving a car with foggy windows. The industry has been changing in big ways since long before the Affordable Care Act took effect. Medicare’s coding yester for billing and the advent of electronic medical records are examples of these changes. Financial management in health care requires exceptional skill. SQ. Explain different methods of evaluation of healthcare services.

Answer. Health

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Care Evaluation: Study design for assessing effectiveness, efficiency and acceptability of services including measures of structure, process, service quality, and outcome of health care. Steps in designing an evaluation Firstly it is important to decide which dimensions are to be evaluated? – inputs, process, outputs, outcomes, efficiency etc. Objectives for the evaluation itself should be set (remember SMART) – SQ. Define cost accounting. Explain the various categories of costs. Answer.

Cost Accounting:- A method of accounting in which all costs incurred in carrying out an activity or accomplishing a purpose are collected, classified, and recorded. This data is then summarized and analyzed to arrive at a selling price, or to determine where savings are possible. SQ. What is financial reporting? Explain the need for financial reporting. Answer. MAYHEM Finance Economics and Planning in Health

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care By Subjects ND the public (if the company is publicly traded) about how the company is performing over a specific period of time.

Financial reports are usually issued on a quarterly and annual basis. This is different from management reporting, which is financial information that is disclosed to those inside the company to be used to make decisions within the company. Financial reports are included in a public company’s annual report. Financial reporting includes the following: The external financial statements (balance sheet, income statement, statement of cash flows, and statement of stockholders’ equity)

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