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DRIVE Summer 2014
PROGRAM
MBA (sem 3)/MBADS (sem 3 and
5)/PGDHSMN (sem 1 )
SUBJECT CODE & NAME
MH0054 - Finance, Economics and
Planning in Healthcare
Services BOOK ID-B1214
CREDIT & MARKS-4 Credits, 60
marks
Note: Answer all
questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q.1 Give an account
of incentives available to healthcare sector under the income tax act. (Categories
of healthcare sectors in India, Explanation of key incentives) 2, 8
Answer : Healthcare sectors in India :
he healthcare industry in India is experiencing
gradual transition from paper files to electronic mediums. The Indian
healthcare assisted by IT market has been growing tremendously over the past
few years. It is expected to grow at a CAGR of around 22.7 per cent during the
period 2013-2015.The hospital and diagnostics centre in India received foreign
direct investment (FDI) worth US$ 1,914.28 million, while drugs &
pharmaceutical and medical & surgical appliances industry registered FDI
Q.2 What do you mean
by health economics? Discuss the role of economists in healthcare industry. (Definition
of health economics, Explanation of role of economists in health care industry)
2, 8
Answer: Meaning of
health economics :
Health economics is a branch of economics concerned
with issues related to efficiency, effectiveness, value and behaviour in the
production and consumption of health and health care. In broad terms, health
economists study the functioning of health care systems and health-affecting
behaviours such as smoking. Health economists evaluate multiple types of
financial information: costs, charges and
Q. 3 Discuss the
importance of financial information in healthcare organisations. (Explanation
of financial information in General, Explanation of importance of financial
information in healthcare organizations) 2, 8
Answer : Financial
information :
Data such as credit card numbers, credit ratings,
account balances, and other monetary facts about a person or organization that
are used in billing, credit assessment, loan transactions, and other financial
activities. Financial information must be processed in order for business to be
conducted, but it must also be carefully handled by businesses in order to
ensure security for customers and to avoid the
Q.4 Explain
different methods of evaluation of healthcare services. (Listing the different
methods of evaluation of healthcare services, Explanation) 2, 8
Answer : Different methods :
1. Types of Quality of Care Measures :
2. Outcome Measures :
3. Process Measures :
4. Structure Measures:
5. Comprehensiveness of Measures:
Q.5 Define cost
accounting. Explain the various categories of costs. Definition of cost accounting, Explanation of
various categories of costs) 2, 8
Answer: Cost
accounting :
Cost accounting is a process of collecting,
analyzing, summarizing and evaluating various alternative courses of action.
Its goal is to advise the management on the most appropriate course of action
based on the cost efficiency and capability. Cost accounting provides the
detailed cost information that management needs to control current operations
and plan for the future. Unlike the accounting systems that help in the
preparation of financial reports periodically, the cost accounting systems and
reports are not subject to rules and standards like the Generally Accepted
Accounting Principles.
Q.6 What is
financial reporting? Explain the need for financial reporting. (Definition of
financial reporting, Explanation of need for financial reporting) 2, 8
Answer : Definition
of financial reporting :
Financial reports are the documents and records you
put together to track and review how much money your business is making (or
not). The purpose of financial reporting is to deliver this information to the
lenders and shareowners (the stakeholders) of your business. If someone else is
supporting part of your business, financial reporting must be part of the
essential contract between you and them. Your lenders and investors have the
right to know if their money is being spent wisely
Get fully solved
assignment, plz drop a mail with your sub code
computeroperator4@gmail.com
Charges rs 125/subject and rs
700/semester only.
our website is
www.smuassignment.in
if urgent then call us on 08791490301, 08273413412
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