Compensation Creative Writings Samples For Students

1. Explain the inpatient and outpatient reimbursement methodology for Medicare as a payer
Reimbursement is calculated in outpatient regarding the case date, the contract rate, the fee charged for the services received as well as the percentage of the bill incurred. In patients, however, get a difference at the rate whereby it is calculated as a percent of the incurred cost per diem.
2. Explain the inpatient and outpatient reimbursement methodology for commercial payer
For commercial payers the for outpatient, the services are reimbursed using either of the methods; percentage of the accrued charges, the fee for the service, ...

Evaluating Contracts

What are the benefits and drawbacks of fixed-price contracts from the perspective of a contractor?

A fixed price contract is one that the government pays a fixed amount without any adjustments. It does not consider the actual costs that the contractor will incur in completing the contract. This contract is appropriate when reasonable market prices are easily determinable in advance. This type of contract is also applicable when supplying standard issue goods such as military contingencies. The prices of such items are determinable and fixed at the beginning to the end of the contact.
The contract has the following characteristics, ...

The Perfect Contract

A review all contract types discussed in Chapter 5
Most government contracts are awarded through a process that involves competitive bidding. This process is always headed by a government’s contracting officer. The officer conducts the bidding process through negotiated procurement or sealed bidding. There are two general categories of contract types. This includes: cost-reimbursement and fixed price contracts, (Hearn, 2011). Different types of contracts are defined by different obligations, rewards, incentives and expectations for both the government and the contractor. The contract also defines the following:
i. The timing and degree of the responsibility afforded to the contractor
...

Question One: Organizational Motivation Plan

In order to achieve the organizational objectives, it is imperative to strike the right balance between the management and the employees. In that breadth, in this ensuing section the paper proposes a motivation plan whose main intention is to achieve a quadruple objective entailing high job satisfaction, low turnover, high productivity and high quality work. In that context, this paper proposes a performance based remuneration system where the remuneration an employee is paid shall be based on the performance. In that strain, the performance evaluation shall be conducted on a monthly basis with weekly reports being submitted for purposes of analyzing the monthly ...

Management

Organizations that thrive are those that give utmost priority to the welfare of their employees. This is a widely acceptable concept in the field of human resource management.The human resource is perhaps the most vital component of any organization. Any failure by the management to promptly address matters touching on the welfare of the employees is likely to result in reduced productivity from the employees. It goes without question that reduced productivity from employees is in turn likely to severely dent an organization’s profit making ability. The focus of this memo is on the welfare of employees. It specifically ...

Business

A Personal Business Plan: Verizon and Verizon’s TAP

My personal business plan takes into account the dreams I have for the future based on goals I have set for myself concerning my education and work experience. Focusing on a personal business plan has given me an opportunity to explore the opportunities that the Verizon Company offers for employees. I am particularly interested in Verizon because the company offers not only tuition payment assistance but also a career path that allows promotions from the lower level to the highest level. This is the way I can move from an entrance position ...

The issue of gene patenting is an interesting one, bringing up concerns about the extent to which we ‘own’ our cells, and what rights we have with them. While some believe that, for instance, organ donors do not have the right to tissue that they have donated, others think that there must be some sense of bodily ownership that must be accounted for in issues like these. To that end, the work of Schleiter (2009), Caplan (2010), Satel (2008), and Rubin (2010) will be examined in order to see the ways in which organ and tissue donation intersect with ...

Question 1

In the current situation, Andrea needs to realize that the level of trust will determine the ability of the company to recover from the shockwaves of downsizing that the employees have on the management. This confidence will secure not only the short-term future of the enterprise but also the long-term outcomes (Brauer & Laamanen, 2014).
Justice is an important aspect that she needs to embrace since it contributes to the building of trust. The distributive dimension to justice touches on outcomes and the perceptions of whether or not they are shared equally. Given that the surviving employees have to take ...

During the last decades, work places have experiences drastic changes as the world changes from the industrial age to a more advanced modern age of a vast and diverse workforce. In the work place of year 2020, companies are competing to in sourcing for the global talent and establishing relationships with the millennial generation. Employers are hard pressed to provide an operational model integrated with work benefits ensuring a motivated and productive workforce.

One of the most prominent benefits in organizations is workforce flexibility. The top employers are keen on flexible schedules demanded by the work force. Small algorithms inhabit the routine ...

Social Security

Dear Mr. President,
Social security program is the backbone of the American society. The current shortfalls in the fund will adversely affect many people in the coming years. Therefore, it is imperative that a long-term solution be found to solve this problem once and for all. The social security fund depends on payroll taxes paid by both workers and employers and the retirement age. Hence, the fiscal problems can only be solved by adjusting three key measures: payroll taxes, pension payouts, and retirement age.
Firstly, the government can increase the payroll tax. Currently, workers pay 6.2% of their ...

Dear Person Receiving Letter, It is with great pleasure that I accept the offer of a position with your facility. I believe in the goals you seek to accomplish, and the ways in which you seek to accomplish them. I feel that working with your organization will allow me to grow personally and professionally, and that I will be a valuable addition to your staff. I am honored that my resume was selected to fill the opening, and will strive to perform in excess of your expectations.
In reviewing the offer of the position, I have come to understand both ...

Maureen O’Herin

English 1A
Should the Minimum Wage be increased?
Minimum wage can essentially be described as the hourly wage rate set by the law, and it exists to ensure that people who work can earn enough compensation to support not only themselves but their families as well. The idea behind minimum wage has been in existence in American since the late 1800s and the early 1900s when the trade unions were formed and started agitation for better pay for workers from different professions. Since then, there have been various changes to the minimum wage over time, with the ...

Abstract

A call option can be defined as a contract which gives its holder the purchase rights a financial security or commodity at the exercise price. On the other hand, put options could be defined as contracts which gives its holder the purchase rights a financial security or commodity at the exercise price. Usually call options and put options must be exercised within a given duration or period as agreed in the contract. Call options and put options are normally used to hedge risk by one party which is risk averse while the other party uses call options to make a profit by assuming the ...

Arguably, conflict of interest between organizations and individuals are very common given the large number of relationships and transactions that occur in various departments and professionals. As a matter of fact, there is a potential conflict of interest between investment bankers and security analyst working in the same firm. Despite the existence of conflict of interest, there are potential solutions that exist to remedy the situation. If the situation goes out of hand, the firm will have tremendous setbacks. Hence, it the conflict of interest should be addressed. In every organization, ethics play a tremendous role in the operation of the firm. ...