Medical Billing and Coding Research Paper Example | Topics and Well Written Essays - 750 words

Medical Billing and Coding - Research root word ExampleIn healthc ar systems, there argon also regulations that govern the way in which the mental homes institutionalise their goods and services. In an argument by Kavaler & Spiegel (2003) prior to the creation of tutelage strategies a health tutorship institution should ensure the specifications provided for by the both the W.T.O and legal laws in the country are adhered to. For instance, in some nations all public healthcare institutions are required to give free Tuberculosis funds. In these nations, such a law must be adhered to by all institutions regardless of the preferred billing strategy by an organization. This is different from other business entities which have the freedom to price their commodities. It is a democratic country, business entities are given the freedom to decide on their preferred price decisions (Lucas, 2008). However, health institutions are not individual because of their function in the environment. The influence of medical institutions should be regulated in order to promote comparability in the provision of the service. Different in the healthcare system pricing is the fact that there are specific quoted prices for drugs. This makes the market an equal opportunity for success for all institutions. Additionally, this fact reduces the competition level of the market. health care institution cannot use the pricing strategy to gain a greatest competitive advantage. However, health care institutions have the opportunity to alter this disadvantage when providing services for patients. The pricing of services is not regulated by any healthy body. Healthcareinstitutions only rely on pricing services to satisfy their billing objectives. For this reason, many organizations invest mostly in providing quality services. Additionally, the quality of services provided is directly proportional to the pricing of the service. However, a significant number of healthcare organizations alter th e quoted market price by a quash margin to incorporate cost incurred through processes like logistics. Apart from altering the market price, healthcare institutions affirm specific purchasing packages.