Costs of Medical Stays

Assignment Overview: This assignment will explore the costs of medical stays in the areas of acute, outpatient, long-term care and home health care.Assignment Goal- The goal of this assignment is to obtain a better understanding of hospital costs and ways to reduce costs for your patients.Assignment directions:This APA paper will explore the costs of medical stays in many different areas of nursing. The paper should include the following criteria listed in Steps 1-5.Step 1: Pick one of the following areas: Acute care, Outpatient – procedure or antibiotic therapy, Long Term Care, or Home Health visit.Step 2: Next choose the type of patient scenario you would like to build: examples include: Cardiac Cath patient, outpatient Vancomycin treatments for 3 weeks, Outpatient lesion removal, Long term care stays.Step 3: Based on the above criteria create your own patient scenario incorporating the area the patient is staying, the room charge, a procedure or test this patient might have, Lab work that would be drawn for this patient, Medication charges, Physical Therapy/Occupational/Speech Therapy, and a Follow up visit.Note* This should not be an actual patient and should not contain patient specific data. Please be aware of HIPPA.*Step 4: Once the scenario is built, then break down the costs for a patient without insurance for each of the following:Room/Service charge:Tests/ Procedures:Medication charges:Physical/Occupational/Speech Therapy charge:Follow up Visit:You may contact a facility to help obtain these costs or a local pharmacy. Please cite the resources you use in text as wellas on the reference page.Step 5Research a type of insurance examples: Medicare, Medicaid, BCBS, United healthcare, etc. and obtain monthly cost information as well as what this type of insurance pays for in the hospital setting.Cited in APA 7th.

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