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PERSONAL FINANCIAL MANAGEMENT
Assessment - III
Submitted by
Shashank Shrivastava
(FT-2K12-46)
Submitted To
Mr. Vivek Vyas
What does it mean?
• Health plan can be defined as the "decisions,
plans, and actions that are undertaken to
achieve specific health care goals within a
society.“
Understand and define the problem
a) Quantify—Be specific about problem’s scope and
magnitude
• Who is affected
• Specific nature of the problem
b) Past history
c) Causes
• Key factors (separate into actionable vs. not)
• Factors associated with action vs. inaction (errors of
omission, missed opportunities vs. errors of commission)
i) Financial incentives (provider, consumer, other)
ii) Education/information (provider, consumer, other)
iii) Organizational infrastructure :
—New program
—Modification to existing program
iv) Collaborate with others (community, other
organizations)
v) Policy considerations :
—Internal policies
—Payers’ (e.g., Employer or Medicaid) policies
—State (or federal) law or regulation
a) Population benefit
i) Quality of life/outcomes of care
ii) Concordance with evidence-based process
standards
iii) Improve access for those not getting ideal
treatment
iv) Reduce disparities in access, quality of care,
outcomes
Cost/economics
i) Cost/benefit (maximize positive effects given
input costs)
ii) Efficiency per unit of service (potential
measure: QALYs, DALYs)
iii) Contain costs (to stay within available
resource budget and to
insure “margin” between input and output
costs)
Ethics/equity
i) Maximize total good (utilitarianism)
ii) Consider fairness of resource allocation
decisions, with attention to
need, equity, etc.
iii) Fulfil individuals’ rights to certain goods or
outcomes (liberalism)
iv) Consider trade-offs between individual
autonomy and the common
good
Administrative feasibility
i) Degree of organization’s control
ii) Timeframe of implementation/success
iii) Resources required for developing and
implementing policy
(distinct from cost benefit of program itself)
iv) Simplicity/robustness of policy/intervention (the
fewer “moving
parts,” the better)
v) Legal/regulatory issues
The perspectives of various
constituencies (beyond
patient/consumer)
• i) Providers
• ii) Sponsors (employers, Medicaid agency)
• iii) Community groups and politicians
• iv) Employees of your organization
• v) Board of directors (shareholders, if investor
owned)
• An explicit health policy can achieve several
things:
• It defines a vision for the future.
• It outlines priorities and the expected roles of
different groups.
• It builds consensus and informs people.
Categories of health policies
• Health Insurance

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PERSONAL FINANCIAL MANAGEMENT ASSESSMENT

  • 1. PERSONAL FINANCIAL MANAGEMENT Assessment - III Submitted by Shashank Shrivastava (FT-2K12-46) Submitted To Mr. Vivek Vyas
  • 2. What does it mean? • Health plan can be defined as the "decisions, plans, and actions that are undertaken to achieve specific health care goals within a society.“
  • 3. Understand and define the problem a) Quantify—Be specific about problem’s scope and magnitude • Who is affected • Specific nature of the problem b) Past history c) Causes • Key factors (separate into actionable vs. not) • Factors associated with action vs. inaction (errors of omission, missed opportunities vs. errors of commission)
  • 4. i) Financial incentives (provider, consumer, other) ii) Education/information (provider, consumer, other) iii) Organizational infrastructure : —New program —Modification to existing program iv) Collaborate with others (community, other organizations) v) Policy considerations : —Internal policies —Payers’ (e.g., Employer or Medicaid) policies —State (or federal) law or regulation
  • 5. a) Population benefit i) Quality of life/outcomes of care ii) Concordance with evidence-based process standards iii) Improve access for those not getting ideal treatment iv) Reduce disparities in access, quality of care, outcomes
  • 6. Cost/economics i) Cost/benefit (maximize positive effects given input costs) ii) Efficiency per unit of service (potential measure: QALYs, DALYs) iii) Contain costs (to stay within available resource budget and to insure “margin” between input and output costs)
  • 7. Ethics/equity i) Maximize total good (utilitarianism) ii) Consider fairness of resource allocation decisions, with attention to need, equity, etc. iii) Fulfil individuals’ rights to certain goods or outcomes (liberalism) iv) Consider trade-offs between individual autonomy and the common good
  • 8. Administrative feasibility i) Degree of organization’s control ii) Timeframe of implementation/success iii) Resources required for developing and implementing policy (distinct from cost benefit of program itself) iv) Simplicity/robustness of policy/intervention (the fewer “moving parts,” the better) v) Legal/regulatory issues
  • 9. The perspectives of various constituencies (beyond patient/consumer) • i) Providers • ii) Sponsors (employers, Medicaid agency) • iii) Community groups and politicians • iv) Employees of your organization • v) Board of directors (shareholders, if investor owned)
  • 10. • An explicit health policy can achieve several things: • It defines a vision for the future. • It outlines priorities and the expected roles of different groups. • It builds consensus and informs people.
  • 11. Categories of health policies • Health Insurance