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DRIVE-
Fall 2014
PROGRAM-
MBA (Sem 3), MBADS (Sem 3 / Sem 5), PGDHSMN (Sem 1)
SUBJECT
CODE & NAME- MH0054 – Finance, Economics and Planning in Healthcare
Services
BOOK
ID- B1215
CREDIT
& MARKS-4 Credits, 60 marks
Q1. Discuss the importance of
financial information in healthcare organisations. Add a note on elements of
the financial reports.
(Brief explanation of the
importance of financial information in healthcare organizations, Explanation of
the elements of the financial reports)
Ans.
Importance of financial
information in healthcare organizations
Healthcare
organisations are quite similar to most large business corporations. Running
them efficiently means putting in place of a Financial Information System (FIS)
that operates effectively on all levels, from individual departments to the
corporate office. When
Q.2: Explain the
claims process in healthcare organisations.
Explaining the claim process for
cashless hospitalization and claim reimbursement
ANS:
Explaining
the claim process for cashless hospitalization and claim reimbursement:
Cashless hospitalisation
To avail cashless hospitalization
treatment at network hospitals:
Step
1: The insurance
company provides the list of network hospitals offering cashless facility for
treatment.
Step
2: The claimant
n
Q.3: Discuss the types
of taxes. Add a note on service tax on healthcare organisations.
Types of taxes
Service tax on healthcare organizations
ANS:
Types of taxes:
There are basically two types of
taxes, Direct and Indirect taxes. Directtaxes are collected by the government
directly from the tax payer through levies such as income tax, wealth tax and
interest tax. Whereas indirect taxes are collected indirectly as a part of prices
of goods and services on which these are levied. someof the taxes that are
levied in
Q.4: Explain different methods of evaluation of
healthcare services.
Listing the different methods of
evaluation of healthcare services
Explanation of methods of
evaluation of healthcare services
ANS:
Listing the different
methods of evaluation of healthcare services:
1. Marginal analysis
2.
Cost-effectiveness
3.
Cost-benefits analysis
4.
Cost-utility
Q.5: Define cost accounting. Explain the various
categories of costs.
Definition of cost accounting
Mentioning various categories of
costs
Explanation of various categories
of costs
ANS:
Definition of cost
accounting:
Cost accounting is the
classification, recording and appropriate allocation of expenditure for the
determination of the products or services, and for the s
·
Q.6: Explain the importance of healthcare
planning. Add a note of types of healthcare planning.
Importance of healthcare planning
Types of healthcare planning
ANS:
Importance of
healthcare planning:
Healthcare planning is done to
meet the health care needs of target population. There are a wide variety of
health care systems around the world. In some nations, the healthcare system
planning is distributed among market participants,
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