Basics
Leader vs Manager
Payments
Healthcare Finance
100

Services provided to a neighborhood/community to solve a health issue or problem

Community Health 

100

Creates a vision

Leadership
100

payment for each service

fee-for-service

100

Health coverage for low-income 

Medicaid

200

This type of health involves governmental services provided to all people living in an area often at no cost. Typically, it also is used for preventing pandemics and/or spreadable diseases. 

Public Health 

200

Organizing

Management

200

Per-member-per-month

capitation

200

Part of the bill that a patient must pay at the time for service 

co-pay

300
3 sides of the Healthcare Iron Triangle 

Cost, Quality, and Access; when one improves, it may leave a negative effect on the other

300

Inspiring and motivating others

Leadership
300

Payment per diagnosis

Diagnosis-Related Group (DRG)

300

A provider that is contracted with the insurance company and is discounted if used by the patient

in-network

400

ACA

Affordable Care Act

400

Planning

Management

400

Single payment for an episode of care

Bundled Payment

400

Bill submitted by the provider to the insurance company

a claim 

500

What are 2 functions of the Board of Directors?

1. Assures the community that the hospital cares for patients properly

2. assumes financial responsibility

3. Exercises final approval over who is appointed or removed from medical staff,

4. Oversees all activities of the CEO

500

Requires a formal title

Management


(Leadership doesn't require it, but sometimes does have the formal title)
500

Per-day-of-stay

Per diem

500

Payments to providers from insurance companies

a reimbursement