Question

Should our current healthcare payment system be retained? What are alternatives to the fee for service payment method? What are the strengths and weaknesses of alternate payment systems? What is your solution? Please answer in 3-4 paragraphs

Answer 1

1. According ,to me our current healthcare payment system should be retained because it's something of which we should have possession .

2. The alternatives to fee-for-service payments:

- Bundled payments, which are fixed amounts paid to health care providers for a bundle of services or all the care a patient is expected to need during a period of time

- Patient-centered medical homes, which are redesigned primary care practices that focus more on preventive care, patient education, and care coordination between different health care providers

- Accountable care organizations, which are groups of health care providers who agree to share responsibility for coordinating lower-cost, higher-quality care for a group of patients

3. Advantages and disadvantages :-

Advantages :-

• Discourages unnecessary care

• Encourages coordination

• Doesn't penalize providers for caring for sicker pts.

• Health care spending could be reduced

• Transparency for consumers

Disadvantages :-

• Does NOT discourage unnecessary episode of care

• Providers may seek to maximize profit

• Hospitals may seek to maximize profit

• Providers risk large losses for catastrophic events