Running Head: HEALTHCARE e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e
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8-1 Journal: Course Reflection
HCM345
SNHU
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Three topics covered in the course that can be applied in a healthcare facility are
revenue cycle, prospective payment plans, and performance incentives. The concept of
revenue cycle management can be applied to streamline financial activities such as collecting
payments and generating revenue for the facility. The prospective payment plan (PPS) refers
to a method of reimbursement in which the Medicare payment that is made is based upon a
predetermined and fixed value (Prospective payment systems - general information. CMS,
2020). This method can be applied in the healthcare setting to maintain uniformity in the
payment that is given to healthcare practitioners for delivering specific kinds of care services.
The adoption of this method is considered to be extremely useful for healthcare facilities as
it can assist both service providers as well as insurers to effectively manage and estimate the
payments and costs (Prospective payment systems - general information. CMS, 2020).
Another important topic that was covered in the course was related to the concept of
performance incentives. Performance incentives can be defined as the rewards that are given
to employees in an organizational setting if they meet or exceed a certain standard in an
assigned task (Hur et al., 2018). In a healthcare facility, the performance incentive
mechanism can be adopted in order to encourage healthcare practitioners such as physicians,
and nurses to improve their quality of delivered care so that the health outcome of patients
could be enhanced.
In diverse courses that are required for the healthcare degree, such as nursing, public
health, etc., these learned concepts could be adopted to increase the effectiveness of financial
or performance aspects in the area. For example, in the nursing course, the performance
incentive method could act as a vital tool that would motivate nurses to improve their
performance while delivering care to vulnerable individuals. Similarly, the adoption of the
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revenue cycle or prospective payment plan concepts could facilitate the effective management
of financial activities and processes.
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References
Hur, J., Lee-Yoon, A., & Whillans, A. V. (2018). Who is More Useful?: The Impact of
Performance Incentives on Work and Personal Relationships.
Prospective payment systems - general information. CMS. (2020).
https://www.cms.gov/Medicare/Medicare-Fee-for-Service-
Payment/ProspMedicareFeeSvcPmtGen#:~:text=A%20Prospective%20Payment%20Syste
m%20(PPS,groups%20for%20inpatient%20hospital%20services).
Prospective payment systems - general information. CMS. (2020).
https://www.cms.gov/Medicare/Medicare-Fee-for-Service-
Payment/ProspMedicareFeeSvcPmtGen.
