Think of this “Discussion Forum” as our classroom. Here we will explore our weekly topic(s), do some research, and discuss current event issues related to finance. Finance is more important than ever across all industries, and particularly so in the healthcare field. When professionals from manufacturing, marketing, sales, engineering, information systems, and even human resources are asked what they wish they new more about, what they wish they had taken more of in school, the answer is universally FINANCE.Below you will see the research we will be doing this week. Take a good look; I know you will enjoy these learning opportunities. Please read the Discussion Forum Rules posted below and make sure your posts are thorough and complete.Review the assigned readings and respond to ALL of the following:(In addition to the course textbook, include at lease one other research source.)A non-participating physician provides services to a Medicare patient who has total charges of $100 (before Medicare’s limiting charge is applied). The physician does not accept assignment, charges the maximum allowable, and submits the claim to Medicare. Assume Medicare’s approved schedule for these services is $80.What is the maximum amount the physician is allowed to charge the patient?What is the Medicare portion of the physician payment (which Medicare sends to the patient)?What is the patient’s portion of the payment to the physician (net of the reimbursement from Medicare in the previous question)?Would the physician have been better off by accepting assignment on this case? Why or why not?How do a high percentage of Medicaid (not Medicare) patients influence a hospital’s prices?
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