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- W4387110367 abstract "This chapter provides the medical manager or clinical leader with a practical guide for managing under any scenario described by the hierarchy of five funding models introduced in the last chapter. A detailed understanding of the implications of the various models is essential for the medical manager to draw upon when faced with budget, expenditure, revenue, or funding challenges. Each of the funding models brings with it new challenges to manage financially as well as new quality considerations to take into account. Similarly, each model requires a new set of tools and techniques to monitor and manage. Rather than one model replacing another, the five models are cumulative. As a result, the management requirements and challenges grow in number and complexity as the funding paradigm progresses up the hierarchy. This occurs as a result of financial and quality risks progressively being handed over from funder to provider. Expenditure-Based Funding (EBF) where funding is set without a clear link to activity. Intermediate Product-Based funding (IPBF) such as the Medicare Benefits Schedule (MBS) which pays for identifiable components of an episode of care. Activity-Based Funding (ABF) where an entire episode of care—an admission or an outpatient visit is paid for, including any associated investigations, treatments, and care. Condition-Based Funding (CBF) where a patient’s care is bundled over time, perhaps for a year, for the treatment of a clinical condition. Population-Based Funding (PBF) where funding is based on a described geographical population, such as an Australian State or a New Zealand District." @default.
- W4387110367 created "2023-09-28" @default.
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- W4387110367 date "2023-01-01" @default.
- W4387110367 modified "2023-09-28" @default.
- W4387110367 title "Managing Budgets, Costs, and Variances: A “How-to” Guide for Medical Managers" @default.
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- W4387110367 doi "https://doi.org/10.1007/978-981-99-5211-3_12" @default.
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