In your post, compare and contrast prospective payment systems with non-prospective payment systems. Explain the classification systems used with prospective payments. How do the prospective payment systems impact operations?
Expert Answer
The working of prospective payment plans is through fixed payment rate for specific treatments. There can be changes to the rates over time due to several factors like inflation, inability to adjust and accommodate individual patients.
Prospective plan allows the Healthcare provider for receiving same payment for the purpose of providing specific type of payment.
There are several benefits for prospective payment as the plans pay fixed rates and providers
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