Individual Features of Private Payer and Consumer-Driven Health Plans Individual Features of Private Payer and Consumer-Driven Health Plans Looking for medical health plans can be demanding on time‚ but it is worth the time to look over all the options offered. There are many features to go through from Private Payer Plans‚ such as Preferred Provider Organizations (PPOs)‚ Health Maintenance Organizations (HMOs)‚ Group HMOs‚ Independent Practice Association (IPA)‚ Point of Service (POS)‚ Indemnity
Premium Health insurance Preferred provider organization Health maintenance organization
Features of Private Payer and Consumer-Driven Health Plans The following reading is to familiarize the reader with private payer plans and types of consumer-driven health plan (CDHP) accounts. Private payer plans such as PPOs‚ HMOs‚ and Group HMOs are the most popular but there are also others to consider when making decisions on health coverage‚ which are IPAs‚ POSs‚ and Indemnity plans. The CDHP accounts are made “for the consumer” and therefore consumers (patients) have a say in what kind of plan
Premium Health insurance Preferred provider organization Managed care
Features of Private Payer and Consumer-Driven Health Plans Stephanie Allen HCR 230 Sunday‚ May 8‚ 2011 Heather Csanky Features of Private Payer and Consumer-Driven Health Plans There are several types of private payer plans including preferred provider organizations (PPO’s)‚ health maintenance organizations (HMO’s)‚ and point of service (POS). Indemnity plans would cost the most for employees and they usually choose a PPO plan. A trend that is gaining popularity with employees and employers
Premium Health care Medicine Health economics
DOWNFALLS OF CONSUMER-DRIVEN HEALTH PLANS The Downfalls of Consumer-Driven Health Plans Jamiee Coates Professor Rhonda Bunce July 27‚ 2008 Abstract Healthcare today is a very important issue. Lack of health insurance can affect the health and productivity of workers. Many people today do not have health insurance. Employment-based health insurance is in high demand to retain employees. The high healthcare costs make it hard for employers to offer employees quality health plans
Premium Health care Health insurance Health
Introduction of Consumer Movement: The consumer is the center of all business activities. In modern days‚ it is said that the consumer is the king of the market. Business activities are carried out to satisfy‚ the wants of consumers. A commercial organization totally depends on the customer not only for its survival but also for its growth. At present customer is given top most importance and every attempt is made to satisfy the customer. But in reality‚ the position of the consumer is different
Premium Consumer protection Human rights Law
Marketing Assessment 1 Consumer Driven Marketing Strategy All companies are in existence ultimately because of the revenue which they receive from their respective customers. The success of a given company is determined by the responsiveness of its customers to its marketing schemes. Hence marketing strategies that are customer driven are essential since they pinpoint the desires of the customer and then attempt to satisfy them. In order generate these strategies‚ companies must discern
Premium Marketing
Checkpoint: Features of Health Plans There may be variations‚ but all insurance plans are one of two essential types; Indemnity or Managed Care (Valerius‚ Bayes‚ Newby‚ & Seggern‚ 2008). There are five health plans highlighted in this chapter; Indemnity Plans‚ Health Maintenance Plans (HMO’s)‚ Point of Service Plans (POS)‚ Preferred Provider Organization (PPO)‚ and Consumer Driven Health Plans (CDHP) (Valerius‚ Bayes‚ Newby‚ & Seggern‚ 2008). A short description and comparison is as follows:
Premium Health insurance Preferred provider organization Insurance
quality and safety‚ private and public payers have been aiming to push for quality improvement in healthcare through quality measurement and reporting initiatives. With quality measurement‚ comes difficulty for payers to determine which reasonable quality measures are vital‚ how to interpret and use quality information in a meaningful way‚ and how to present useful and actionable information to consumers‚ according to a new Policy Analysis from the National Institute for Health Care Reform (NIHCR)
Premium Health care Medicine Health economics
Customer Driven Health Care Customer-driven health care (CDHC)‚ refers to third tier health insurance plans that allow members to use health savings accounts (HSAs)‚ Health Reimbursement Accounts (HRAs)‚ or similar medical payment products to pay routine health care expenses directly‚ while a high-deductible health plan protects them from catastrophic medical expenses. I am against CDHC for a couple of reasons. The term customer-driven‚ in my opinion‚ is incorrectly used. First of all‚ it is not
Premium Health care Health economics Health insurance
To briefly state‚ a universal single payer care as stated before is a health care system for all. We are the only industrialized country that has not yet adopted this type of health care. Why though? Mostly because many Americans are not educated on the subject of this type of health care. Yet health care cost has risen dramatically in the past years‚ but with this new implementation of health care “The program would be funded by the savings obtained from replacing today’s inefficient‚ profit-oriented
Premium Health care Health economics Health insurance