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MH0054 – Finance, Economics and Planning in Healthcare

Dear Students,

SMU MBA Summer 2014 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420  or S M S your “ Email ID ” us in the following Format  “  On +91 9995105420 we will reach back you with in 24H ”

DRIVE Summer 2014
PROGRAM
MBA (sem 3)/MBADS (sem 3 and 5)/PGDHSMN (sem 1 )
SUBJECT CODE & NAME
MH0054 – Finance, Economics and Planning in Healthcare
Services BOOK ID-B1214
CREDIT & MARKS-4 Credits, 60 marks
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.
Q.1 Give an account of incentives available to healthcare sector under the income tax act. (Categories of healthcare sectors in India, Explanation of key incentives) 2, 8
Answer :  Healthcare sectors in India :
he healthcare industry in India is experiencing gradual transition from paper files to electronic mediums. The Indian healthcare assisted by IT market has been growing tremendously over the past few years. It is expected to grow at a CAGR of around 22.7 per cent during the period 2013-2015.The hospital and diagnostics centre in India received foreign direct investment (FDI) worth US$ 1,914.28 million, while drugs & pharmaceutical and medical & surgical appliances industry registered FDI
Q.2 What do you mean by health economics? Discuss the role of economists in healthcare industry. (Definition of health economics, Explanation of role of economists in health care industry) 2, 8
Answer: Meaning of health economics  :
Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, value and behaviour in the production and consumption of health and health care. In broad terms, health economists study the functioning of health care systems and health-affecting behaviours such as smoking. Health economists evaluate multiple types of financial information: costs, charges and
Q. 3 Discuss the importance of financial information in healthcare organisations. (Explanation of financial information in General, Explanation of importance of financial information in healthcare organizations) 2, 8
Answer : Financial information :
Data such as credit card numbers, credit ratings, account balances, and other monetary facts about a person or organization that are used in billing, credit assessment, loan transactions, and other financial activities. Financial information must be processed in order for business to be conducted, but it must also be carefully handled by businesses in order to ensure security for customers and to avoid the
Q.4 Explain different methods of evaluation of healthcare services. (Listing the different methods of evaluation of healthcare services, Explanation) 2, 8
Answer :  Different methods :
1. Types of Quality of Care Measures :
2. Outcome Measures :
3. Process Measures :
4. Structure Measures:
5. Comprehensiveness of Measures:
Q.5 Define cost accounting. Explain the various categories of costs.  Definition of cost accounting, Explanation of various categories of costs) 2, 8
 
Answer: Cost accounting :
Cost accounting is a process of collecting, analyzing, summarizing and evaluating various alternative courses of action. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability. Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future. Unlike the accounting systems that help in the preparation of financial reports periodically, the cost accounting systems and reports are not subject to rules and standards like the Generally Accepted Accounting Principles.
Q.6 What is financial reporting? Explain the need for financial reporting. (Definition of financial reporting, Explanation of need for financial reporting) 2, 8
Answer : Definition of financial reporting :
Financial reports are the documents and records you put together to track and review how much money your business is making (or not). The purpose of financial reporting is to deliver this information to the lenders and shareowners (the stakeholders) of your business. If someone else is supporting part of your business, financial reporting must be part of the essential contract between you and them. Your lenders and investors have the right to know if their money is being spent wisely

Dear Students,
SMU MBA Summer 2014 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”

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