Question

2. Provide higher quality care can ultimately lead to increased revenues. True or false? Discuss the basis for your response and provide adequate support.

Answer 1

Provide higher quality care can ultimately lead to increased revenues.

Answer: True.

providing high-quality care that means providing the best of health care professionals, technology, time and infrastructure at a reasonable price. When high-quality care is provided it increases the revenue in two ways.  

It also increases patient satisfaction by decrease in readmission, avoiding unnecessary testing.

Number 1: It can increase the per capita fees charged to the patients for high-quality care provided.
Number 2: The number of new patients increases due to the positive feedback of high-quality care provided to previous patients.

High-quality care can be costly to provide but the same can be offset due to the premium charged.