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Describe the sources of long-term financing for health care organizations.

Describe the sources of long-term financing for health care organizations.

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Answer #1

Answer) The sources of long term financing for health care organisations are:

1) general taxes

2) HMO’s

3)MCO’s

4)federally funded programmes (medicaid, medicare, CHIP)

1) General taxes: out of pocket is the way of paying for health services globally. This form of payment helps in providing financial protection. This is a prepaid financing method of payment. Government is also providing funds widely for health care services around the world.

2) HMO : health maintainance organization it gives insurance of fixed annual fee for the health care organisations. This works with health care providers and arranges a care for insurance. It also provides self care benefit plans .

3)MCO : It is a managed care organisation. It comprises of a group of medical professionals who provides managed care. This organisation is a group of physicians, hospital staff, nurses and other medical staff who are responsible in providing health care services to the patients. It provides cost effective medical treatment.

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