Healthcare Planning- Palmetto Health

Running head: HEALTHCARE PLANNING- PALMETTO HEALTH
Healthcare Planning- Palmetto Health
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1HEALTHCARE PLANNING- PALMETTO HEALTH
Table of Contents
Concepts of healthcare:....................................................................................................................2
Competitor Analysis:.......................................................................................................................2
Quality of Services for Medical Provider:.......................................................................................3
Quality of Services for Patients.......................................................................................................3
Financial Analysis...........................................................................................................................4
Accounting Information...................................................................................................................4
Billing and Coding...........................................................................................................................5
Revenue Determination with Third Parties.....................................................................................6
Healthcare Accounting Terminology..............................................................................................6
Comparative Financial Benchmark.................................................................................................7
Operating Benchmarking.................................................................................................................8
Costing Finding...............................................................................................................................8
Breakeven Analysis.........................................................................................................................8
Working Capital Management.........................................................................................................9
Budget............................................................................................................................................10
References......................................................................................................................................12

2HEALTHCARE PLANNING- PALMETTO HEALTH
Concepts of healthcare:
Healthcare is one of the most important industries in the world, which caters to the
requirements of various people around the world, from the needy to rich. It encompasses the
prevention as well as the necessary treatment of all the diseases, plaguing mankind. There are a
range of concepts with the topic of healthcare, some of which are:
 Chronic disease: It refers to disease, illness, or any similar condition which increases the
risk of long term disability, handicap, or death. Its occurrence and severity might vary
from time to time (Bohren et al., 2015)
 Accessibility: It refers to that aspect of health services or health facilities which increases
the health capabilities of people by reaching any health care expert, in terms of ease of
location, time, and approach (Craglia& Maheswaran, 2016).
 Population health: It is not merely the summation of the health of individuals; it also
includes the deliberation of the kind of the circulation of health systems across the
population.
 Primary care: It refers to that aspect of any health service system which promises a
person due care over time to a well-defined population, availability of basic healthcare
prior to providing advanced or any kind of secondary health support.
Competitor Analysis:
Residents of South Carolina receive most of the healthcare services from the South
Carolina Department of Healthcare and Human Services, Palmetto Health and from Greenville
health Systems. Most of the healthcare services in the area is distributed and provided by these

3HEALTHCARE PLANNING- PALMETTO HEALTH
main three. They cater to the healthcare as well as health related demands of the South Carolina
residents. The South Carolina Dept. of Health and Human Services chiefly looks after the health
insurance and other health related matters. Palmetto and Greenville mainly look after various
kinds of diseases and has separate functional areas of health such as breast care, Geriatrics,
Musculoskeletal, Neuroscience, Orthopaedics and many others. Due to the interference of the
government, in the form of the South Carolina Dept. of Health and Human services, the
monopoly of Palmetto and Greenville is kept in check, ensuring the overall welfare of the
residents of South Carolina.
Quality of Services for Medical Provider:
The Medical Providers at Palmetto Medical Group are dedicated to providing its patients
with the utmost quality of healthcare services. Recently, the company has also launched a
program named ChartSpan for its Medicare patients which round the clock healthcare services.
ChartSpan is an extension of their office. This is just a tiny glimpse of the quality of services
provided by Palmetto to its patients (Palmetto Health Richland, 2018). The medical team and the
medical practitioners provide top notch medicine related services, with the intention of ensuring
maximum benefit to the patients. Along with this, it also provides the following:
 24/7 support services of medical experts.
 Assistance in managing the appointments and prescriptions of the patients.
 Hassle-free organisation of the medical records of the patients.