Question

Create a table to outline the difference in the reimbursement

and cost-sharing for both facilities and document the CPT (Current
Procedural Terminology) code.

Answer 1

Creating a table for healthcare reimbursement and cost-sharing involves outlining economic metrics or healthcare spending metrics like output, costs, and spending percentages. The zero-profit and shutdown points are determined through cost and revenue analysis. Policy questions for health records revolve around costs, patient quality of life, and privacy concerns.

Step-by-step explanation:

Understanding Healthcare Reimbursement and Cost-Sharing

When discussing healthcare reimbursement and cost-sharing between facilities, it is important to consider the Current Procedural Terminology (CPT) codes that are used to document the specific procedures performed. The tables mentioned, such as demonstrating a company's output and costs, or comparing healthcare spending across countries, are tools that help in analyzing the economics behind healthcare services.

To answer your question specifically, a table would be created with columns representing different economic metrics like output, total cost, marginal cost, average cost, variable cost, and average variable cost. Additionally, for healthcare spending across countries, a table may showcase the percentage of GDP spent on healthcare, per capita healthcare spending, and other related metrics based on the 2010 OECD study and World Fact Book.

To determine the zero-profit point and shutdown point for a company, you would need to analyze the cost and revenue data. The zero-profit point is where the total revenue equals total cost, and no economic profit is earned. The shutdown point is reached when the revenue is not enough to cover variable costs, and it is more financially sensible to cease operations than to continue.

When developing policies concerning health records, questions that need to be addressed include: the balance of treatment and diagnosis costs with patient quality of life, how to ensure patient privacy while allowing necessary access to medical professionals, and what protocols are in place to safeguard against unauthorized access to sensitive health information.