Explain How the New Payment System for Hospitals Instituted by the National

question 19

Essay

Explain how the new payment system for hospitals instituted by the National Health Services of Britain affected hospital stay length,expenditures,and mortality.

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Definitions:

Co-payment

A fixed payment made by a patient for a covered service, under a health insurance plan, at the time the service is provided.

Adverse Selection

A situation where asymmetric information results in high-risk parties being more likely to engage in agreements than low-risk parties.

ISO 9000 Certified

A designation indicating that an organization complies with the standards of quality management and assurance specified by the International Organization for Standardization.

Typing Skills

The ability to input text into a computer or typewriter quickly and accurately, often measured in words per minute.