Learning Plan 9AssignmentsLP9.1 Written Assignment: Physician GroupsThis assignment will assess the...

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Learning Plan 9AssignmentsLP9.1 Written Assignment: Physician GroupsThis assignment will assess the competency 8. Characterize the financial analysis of increasing specialty health care organizations.Directions: In a minimum of 2 full pages answer the questions provided below.• Please answer the questions in a double-spaced word document.• Include a title page, your name, instructor, course, date, and Learning Plan assignment [Learning Plan 9].• Remember to cite references in APA format, make sure all reference are reliable sources.Questions:1. List and describe the major sources of revenue and expenses of physician groups.2. List some of the major non-hospital and non-physician sectors of the healthcare industry.3. List and describe the major organizational types of physician groups.

Robert · Accepted Answer

Physician groups
1. List and describe the major sources of revenue and expenses of physician groups.
The major sources of revenue for physician group are insurance billing and research and teaching. Insurance billing is considered as one of the major source of revenue for physician groups. It has identified that physicians are having collaboration with private insurance companies such as federal Medicare and state Medicaid programs. There is formation of contracts with broad array of private health organisations for performing in billing tasks. Another source of revenue is researching and teaching where physician groups are asked by universities and educational foundation facilities. 
All these institutes are inviting physician groups for participating in researching and teaching exercise, and, in return provided with grants funds. It becomes major source of revenue for physician groups at regular intervals. It is identified that there is formation of contracts for this purpose among physicians in order to indulge them in the services and providing adequate earning opportunities (Cleverly, Cleverley & Song, 2011). 
On the other hand, expenses of physician groups include labour costs, tests and technology, liability costs, and supplier and capital expenses. In detailed terms, labour cost incurs on community hospital expenditures, and other labour costs. Besides,

Learning Plan 9Assignments LP9.1 Written Assignment: Physician Groups This assignment will assess the competency 8. Characterize the financial analysis of increasing specialty health care...

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