Week 4 - Due by Friday - 300 words
What are three sources of financing for a health care organization? Describe how each of these sources of funding could affect how an organization delivers health care.
1) General Taxes account for 75% of the majority of financing and the other percentage is
2) 25% Employer based and from monthly premiums as cited below:
a. HMO, Private Providers
b. MCO - Managed Care, employer based
3) Federally Funded Programs:
a. Medicaid, 65 years and older; government employees, Government financed,
b. Medicare, for Indigent, administered by federal government
c. CHIP, Children's Health Insurance
Financing is directly linked to delivery of health care as it is the "lifeboold of any health care system." Shi, L. & Singh, D. (2012). Financing of health care is available through general taxes, HMO's, MCO's and federally funded programs such as (Medicaid, Medicare, CHIP). All of these makeup the whole of financing and decide for whom and what services will be provided. Finances also play a role as to what type of service or quality of service are provided.
I Believe I am on the right track?
o Shi, L. & Singh, D. (2012). Delivering health care in America: A system approach. (5th. ed.). Boston, MA: Jones & Bartlett.© BrainMass Inc. brainmass.com October 10, 2019, 8:02 am ad1c9bdddf
What are three sources of financing for a health care organization? Describe how each of these sources of funding could affect how an organization delivers health care
The first source of financing that will be discussed is the "Private/ Voluntary Health Insurance form of funding that requires buyers to voluntarily purchase insurance. This form of financing is placated upon buyers who purchase insurance from private, independent, and competing sellers in which premiums contingent upon the buyer's risks rather than their ability to pay are included within the insurance purchases either by groups or ...
This solution of 364 words explains the three sources of financing for a health care organization.