Essay About Total Funds And Main Funding Sources

Healthcare Industry Assignment
Instructions: Please answer the following questions using complete sentences. Your answers should be concise and in your own words. Name:  Date:  Describe the four largest segments of the healthcare industryANSWER: Hospital industry segment;Physician segment;Prescription drugs segment;Nursing homes.What are the main funding sources for each?ANSWER: 1) For hospital industry main funding sources are: public sources (Medicare/Medicaid/other, more than 50% of total funds) and private insurance (36% of the funds).2) Slightly different situation is with physician marketplace. Most payments come from private insurance (49% of their total funds), public programs (35% of total funds) and direct payments from patients (approximately 10% of total funds).3) Similarly to the main physician source of funding, most payments for prescription drugs come from private insurance sources (42% of total funds), government payments (37% of total funds) and out-of-pocket payments (21% of the funds)4) For nursing homes situation is different. The largest source of total funds is Medicaid program (41% of total funds) and direct payments from patients (27% of total funds).Using Table 3-2:  on