History and process of the Medicare reimbursement programs

Article Abstract:

Medicare was signed into law in 1965 by President Johnson. The initial reimbursement system was based on a full and reasonable cost basis which, unfortunately, did not provide any incentive to control costs. The increased proportion of the population over 65, the decreased ratio of taxpayers to recipients, increased costs and usage, additional services and reserve days covered by Medicare led to a financial crisis. The program was changed in 1983 to a prospective payment system based on specific rates of reimbursement for specific diagnoses.

Analysis, Finance, History, Nursing homes, Prospective payment systems (Medical care)

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Building stable customer relationships that stand the test of time

Article Abstract:

Baldor Electric Co. has been building its foundation for improving its service through training. The background which led the company to develop in-house service training is presented. The principles being taught in the Baldor service course are also presented. The company's service course teaches the basic principles which employees can use in improving customer service in whatever job they are in.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric services, Methods, Training, Baldor Electric Co., BEZ, Customer service

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New financial relationships: medicare vouchers - the concept and the issues

Article Abstract:

The Medicare voucher would introduce cost containment incentives into the financing and organization of healthcare delivery, provide a new financial relationship between the program and healthcare providers, and offer beneficiaries the opportunity to choose insurance strategies that are more attuned to their personal needs.

Medical economics, Economic aspects

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