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Essay / Research Paper Abstract
A 10 page paper integrating earlier task and risk management plans and a project forecast for an IT project at Acme Hospital enabling it to supply discounted prescription drugs to patients without risking possible fraud charges by Medicare. Medicare's new prescription drug plan clears the way for the hospital to offer lower-cost prescription drugs to non-Medicare patients. In the short term, it may be that the hospital's total revenues from prescription drug sales decline slightly, but this is only a very short-term effect. In the longer term the hospital can expect higher total revenues from prescription drug sales as Acme supplies greater numbers of prescriptions to the local community. Bibliography lists 9 sources.
Page Count:
10 pages (~225 words per page)
File: CC6_KSprojPlSynHosp.rtf
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Unformatted sample text from the term paper:
the past it has been impossible for any hospital to charge reduced prices for prescription drugs for fear of charges of fraud by Medicare. The Centers for Medicare and
Medicaid Services (CMS) requires that Medicare prices be the lowest charged by any health care provider; its relatively new prescription discount plans bring with them permission for hospitals to charge
less for uninsured or underinsured patients. Reducing charges to patients provides a service to patients and does not adversely affect the hospital.
One of the reasons that the current crisis has been so long in building - and in addressing - is that there are so many interlaced, interconnected factors affecting the
total industry. Virtually the only "winner" currently reasonably assured of continued success is the pharmaceutical industry, and that assurance is only fleeting. Big pharma is accused of gouging
everyone - patients, physicians, insurers and now even Medicare - and evidence consisting of a single tablet costing the consumer more than $2 each provides a compelling argument. A
factor generally not discussed, however, is the process that a drug developer must go through to gain approval for use by the Food and Drug Administration (FDA). It can
cost billions to bring a new drug to market, and the developer has patent protection only for relatively few years. To recoup its investment in the drug and to
generate revenues to use in the research and development of new products, pharmaceutical companies are faced with the unpleasant task of pricing their products well above where users and sellers
of the products would prefer to see them priced. Recent change in the law now enables the hospital to take proactive measures to ensure that its patients have full
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