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DRIVE Fall 2015
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 &
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
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
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:
1. Types
of Quality of Care Measures :
Process
measures assess whether a patient received what is known to be good care. They
can
refer
to
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
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
Get fully solved
assignment. Buy online from website
online store
or
plz drop a mail with
your sub code
we will revert you
within 2-3 hour or immediate
Charges rs 125/subject and rs
700/semester only.
if urgent then call
us on 08791490301, 08273413412
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