Assignment 1 summer

Please answer the following questions in essay format:

1. What is the main difference between the fee-for-service and capitation reimbursement methods? What is the key to profitability?

2. What is the primary distinction between prospective payment and retrospective payment? What is the key to profitability?

3. What is the DRG payment method system and how does it work for inpatient Medicare patients? What is the key to profitability?

4. What does "Revenue Cycle" mean? Describe the steps involved. 

5. What is the difference between bad debt and charity care?

6. What is a Critical Access Hospital (CAH)? What is the criteria to become a CAH? How is a CAH reimbursed?

Instructions:

All assignments will be typed and written in an essay format, with the appropriate heading, an introduction, body and conclusion.