Payment method
Nurses play a pivotal role in providing care within the boundaries of their organization’s budget. In order to become a leader in the field to improve quality care and reduce cost, you need to understand the nuances of the way health care organizations are paid.
Instruction:
Complete the table to analyze each payment mode.
Apply what you’ve learned to complete the activity following the table.
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Summary |
Strengths |
Weaknesses |
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Fee for Service |
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Pay for Performance |
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Patient-Centered Medical Homes |
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Accountable Care Organizations |
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Bundled Payments |
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Global Budgets |
Payment Mode Activity
If you were the person in each of the following scenarios, which payment mode would you prefer and why ?
- A 28-year-old with poorly controlled diabetes
- An elderly individual with multiple chronic conditions
- A pediatric neurosurgeon
- A registered nurse
Provide a short rationale for each decision.