Payments for Health Services Providers
Insurance is based on pooling of losses, payment for random losses, risk transfer, and indemnification. As a result, insurers use several different approaches to mitigate their risk and set premium rates, including:
the fee-for-service method
the cost approach
the demographic approach
- For your assignment, evaluate two global payment systems within healthcare with focus on the financial risks for providers. Identify the pluses and minuses of both approaches used to mitigate these risks.
- Your paper should meet the following structural requirements:
- Four-to-five pages in length, not including the cover sheet and reference page.
Formatted according to APA 7th edition and Saudi Electronic University writing standards
Provide support for your statements with in-text citations from a minimum of four scholarly articles. Two of these sources may be from the class readings, textbook, or lectures, but the other two must be external. The Saudi Digital Library is a good place to find these references.avoid plagiarism