UM Financial Risks in Health Care Delivery Discussion

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Part 1

Please address each of the following topics in your posts. For each, please include one or more examples as needed to demonstrate you understand the meaning of the terms and can apply them in practice.

  1. Health insurance involves the assumption of the risk of financial loss by a party other than the patient. Describe how insurance companies can afford to assume such risk.
  2. What are the financial risks in health care delivery for providers, third-party payers, and patients?
  3. Explain the ways managed care plans seek to lower costs.

Part 2

Please address each of the following topics in your posts. For each, please include one or more examples as needed to demonstrate you understand the meaning of the terms and can apply them in practice.

  1. What is the difference between data analytics and health informatics?
  2. What is a key performance indicator (KPI)?
  3. How do KPIs aid administrators in decision support?
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