Explain the difference between various insurance plans and financial management systems
Explain the difference between various insurance plans and financial management systems
Consider the following scenario for the basis of this assignment:
You are a practice management consultant. You consult on logistics of managing the daily operations of a medical practice, as well as the financial components. You have been hired by a group of three physicians, wanting to start their own private practice. They have asked you to provide a presentation summarizing the financial benefits and risks associated with two practice models: a traditional insurance-based practice, and a direct primary care model (not accepting patient insurance).
Use these details for your presentation content:
Audience: A new practice group – three physicians you are consulting for. Each is established in the area, each currently has a full patient panel.
Presentation content:
Title slide
Introduction
Benefits of a practice accepting insurance
Risks of a practice accepting insurance
Benefits of a direct care model
Risks of a direct care model
Conclusion
Reference slide
slide notes or transcript is required. This should reflect your verbal delivery of the slides to your audience.
APA requirements: Title and reference slides, in-text citations as appropriate, and three sources.as well as Please be sure to validate your opinions and ideas with citations and references in APA format.
Important: Your presentation must focus on the physicians and business/financial perspective. For example, one drawback to a direct care model can be that patients who use Medicaid for insurance can be excluded from this type of practice. The issue of patient access should not be a key point, however, you may focus on the loss of potential revenue as a key point.
Answer preview to explain the difference between various insurance plans and financial management systems
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