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| DRIVE | SPRING 2014 |
| PROGRAM | MBA (Sem 3), MBADS (Sem 3 / Sem 5), PGDHSMN (Sem 1) |
| SUBJECT CODE & NAME | MH0054 – Finance, Economics and Planning in Healthcare Services |
| BOOK ID | B1215 |
| CREDIT & MARKS | 4 Credits, 60 marks |
1 Explain the various financial functions within the healthcare organisations.
Answer: Financial Functions within the Organisation
Financial functions in healthcare organisation can be categorised under the
following categories:
1. Controllership
2. Treasurership
You will notice that there are hardly any healthcare organisation having separately identified positions as the ones written above, yet every substantial organisation has the separation of duties. Following is the manner in which the above two functions can be further classified:
1. Controllership
2 Explain the claims process in healthcare organisations.
Answer: Cashless hospitalisation
To avail cashless hospitalization treatment at network hospitals:
Step 1: The insurance company provides the list of network hospitals offering cashless facility for treatment.
Step 2: The claimant needs to produce the insurance healthcard at the hospital.
Note: In case the healthcard is not yet issued, the hospital should contact the insurance company (usually a toll free no.) and refer the policy no. at all times.
3 Discuss the types of taxes. Add a note on service tax on healthcare organisations.
Answer: Types of Taxes are
Income Tax: The Income Tax Act of 1961 stipulates that any person who qualifies as an assessee and whose gross income is more than the exemption limit is required to pay Income Tax in accordance with the rates indicated by the Finance Act.
Corporate Tax: India Corporate Tax is the tax charged on the profits earned by associations and companies by several jurisdictions. The rate of Corporate Tax in India depends on whether the profits have been passed on to the shareholders or not.
4 Explain different methods of evaluation of healthcare services.
Answer: There are many methods to evaluate healthcare services are:
Marginal analysis
This is the one of simplest method of micro-economic evaluation. In this method, there is no need to know the total exact costs or benefits of the various services or treatments. It involves a comparison of the marginal costs and benefits of the alternative services, and it leaves much to the judgements of the decision-maker. It provides estimates of the implications of redeploying resources within, to, or from a programme where alternative patterns of
5 Define cost accounting. Explain the various categories of costs.
Answer: Cost accounting is the classification, recording and appropriate allocation of expenditure for the determination of the products or services, and for the suitable presentation of data for the purpose of control and management. The cost accounting normally includes the cost of job or contract, batch, process and so on. It normally illustrates the following compartments of the cost aspect of the organisation viz. production, administration, selling and distribution. The cost accounting not only reveals the amount of costs, which are relevant with the product or service, but also establishes the ways and means to control through budgets and standard cost in order to maintain the profitability of the firm.
6 Explain the importance of healthcare planning. Add a note of types of healthcare planning.
Answer: Importance of healthcare planning
Health systems in most high-income countries aim to provide a comprehensive range of services to the entire population and to ensure that standards of quality, equity and responsiveness are maintained. Although approaches vary widely, responsibility for developing the overall framework for financing and organizing health care usually lies with the central government, while governance of the health system is often shared by central and regional authorities.
Healthcare planning can be associated with two
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