Spring-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490 Master of Business Administration- MBA Semester 3 MH0054-Finance, Economics and Planning in Healthcare-4 Credits (Book ID: B1215) Assignment (60 Marks) Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60 Q1. Explain the various financial functions within the healthcare organisations. Answer. Mentioning the categories of financial functions in healthcare organizations: Financial functions in healthcare organisation can be categorized under the following categories: 1. Controllership 2. Treasurership Explanation of various functions: 1. Controllership • Planning for control: This covers the function of establishing budgetary systems. • Reporting and interpreting: includes the preparation of financial statements. • Evaluating and Consulting: involves conducting cost analyses. Q2. Explain the claims process in healthcare organisations. Answer. Explaining the claim process for cashless hospitalization and claim reimbursement: Cashless hospitalization To avail cashless hospitalization treatment at network hospitals: Step 1: The insurance company provides the list of network hospitals offering cashless facility for treatment. Step 2: The claimant needs to produce the insurance health card at the hospital. Q3. Discuss the types of taxes. Add a note on service tax on healthcare organisations. Answer. Types of taxes: There are basically two types of taxes, Direct and Indirect taxes. Direct taxes are collected by the government directly from the tax payer through levies such as income tax, wealth tax and interest tax. Whereas indirect taxes are collected indirectly as a part of prices of goods and services on which these are levied. Some of the taxes that are levied in India by the government: Income Tax: The Income Tax Act of 1961 stipulates that any person who qualifies as an assessee and whose gross income is more than the exemption limit is required to pay Income Tax in accordance with the rates indicated by the Finance Act. Q4. Explain different methods of evaluation of healthcare services. Answer. Listing the different methods of evaluation of healthcare services: 1. Marginal analysis 2. Cost-effectiveness 3. Cost-benefits analysis 4. Cost-utility analysis Q5. Define cost accounting. Explain the various categories of costs. Answer. Definition of cost accounting: Cost accounting is the classification, recording and appropriate allocation of expenditure for the determination of the products or services, and for the suitable presentation of data for the purpose of control and management. The cost accounting normally includes the cost of job or contract, batch, process and so on. Cost accountancy is the combination of both the application of costing and cost accounting principles, methods, techniques to science, art and practice of cost control and ascertainment of profitability. Q6. Explain the importance of healthcare planning. Add a note of types of healthcare planning. Answer. Importance of healthcare planning: Healthcare planning is done to meet the health care needs of target population. There are a wide variety of health care systems around the world. In some nations, the healthcare system planning is distributed among market participants, while in others planning is made more centrally among governments, trade unions, charities, religious, or other coordinated bodies to deliver planned health care services targeted to the populations they serve. However, health care planning has often been evolutionary rather than revolutionary. Spring-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490