Question

Describe the major sources of revenue and which revenue source presents the greatest challenge for a healthcare facility?

Answer 1

Health care industry recieves revenue in the form of government aids,Out of Pocket Direct payments,Premiums and Private donations.

The Government provides revenue for health care programs like Medicare and Medicaid.US citizens provide this aid indirectly through taxes ..Both the federal and state governments generate revenue this way. In Out of Pocket Direct Payments ,the cost of care is covered with the help of a third party.The third resource Premium is paid to health care providers by the money insurance companies,comes largely from the premiums that all policy holders give the companies.Private donations are very unstable and unpredictable source of revenue as it cannot be guarenteed that the same donations will come in each year,as these donations are recieved from corporations.So getting premiums presents the greatest challenge for the health care facility.