Patient Study

In: Business and Management

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Contents Executive Summary 3 Introduction 3 Analysis and methods section 3 Do charges incurred by a patient depend on the type of insurance the patient has? If so how? 5 Do charges incurred by patients depend on which doctor treats them? If so how? 5 Bibliography 7 Appendix 8

Executive Summary

Hospital are required to bill for individual items or services provided to a patient. Patients admitted to hospitals are charged for their room, supplies, drugs, labs, x-rays, operating room time and other care. It is important to know that hospitals submit a bill to the insurance company for all the services provided to the patient and the payor determines the amount owed to the hospital based upon the insurance company’s contract with the hospital for specific services [ (Henry Ford Health) ].

The purpose of this case study is to understand the relationship between hospital charges for certain physicians and insurance carriers. Cost finding and cost analysis are the techniques of allocating data that we were provided as part of the case study. The information that we are going to use to analyze cost between Commercial Care and Manage Care insurance includes: * DAYS the number of days the patient spent in the hospital. * CHRGS is the total expenses charged to that patient. * PHYS is a code identifying the physician. * PAYOR indicates the type of insurance the patient carried.
The fundamental items for this study focus on financial data related to normal…...

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