The Key StakeholdersThis paper recognizes the physicians who are the service provider, insurance companies as well as the patients as the primary stakeholders in the provision of bundled payments. Her is the need for the physicians providing standard services as well as the insurance companies as they are leaning on the provision side. In this event, patients are on the receiving side and thus have no greater say in the implementation. The bundled service has to be balanced where the payments have to be standardized. It has to be noted that some of the private healthcare have been extortingclients by charging ballot of money for the same service. In this move, the government has to move in with haste to give directory on the standardized costs. The physicians should discharge services to the full satisfaction of the clients(Iorio, 2015). Patients are also at this moment advised to take legal measures in the event of extortion as the services should be standard. The FFS if need be in place should also be governed by rules which should prevail in all hospitals. Specific regulations have to be in place concerning FFS such as the measure of quality and the cost of services as these are meant for transparency.The Staffing PlanThe finance department in the hospitals should work closely with all physicians to provide the cost as well as the measure of quality. The governors should also work closely with the Department Of Health (DOH) as most of the health services are devolved. All the insurance companies have to liaise with the hospital finance systems for a smooth transition.
HEALTH MANAGEMENT CAPSTONE 5ReferencesBowman, J. (2015). The inclusion of Physicians in Bundled Hospital Payments. JAMA, 314(11), 1178. Iorio, R. (2015). Strategies and Tactics for Successful Implementation of Bundled Payments: Bundled Payment for Care Improvement at a Large, Urban, Academic Medical Center. The Journal Of Arthroplasty, 30(3), 349-350. Iyer, G., Iyer, V., & Mishra, B. (2015). THE IMPACT OF NON-AUDIT SERVICE FEE DISCLOSURE REQUIREMENTS ON AUDIT FEE AND NON-AUDIT SERVICE FEE IN THE UNITED KINGDOM: AN EMPIRICAL ANALYSIS. Advances In Accounting, 20, 127-140. (03)20006-7Koppel, R. (2015). Two Wrongs Do Not Make a Right: Flaws in Alternatives to Fee-for-Service Payment Plans Do Not Mean Fee-for-Service Is a Good Solution to Rising Prices Comment on "Fee-for-Service Payment - An Evil Practice That Must Be Stamped Out?". International Journal Of Health Policy And Management, 4(9), 611-612.