Competency
Examine the application of statistical functions and derivatives as instruments for measuring risks.
Instructions
You will assume the role of a senior analyst hired by a fictitious company, Premium Acceptance, a midsized property insurance carrier. Premium Acceptance is performing well with respect to several key performance indicators, including policies in force, policy retention, and new business counts.
One of your objectives as the newly appointed senior risk analyst is to develop a framework for managing loss ratios which is one of the firm’s largest key performance indicators. A loss ratio is simply the difference between the ratio of claims paid by an insurance carrier and the ratio of premiums paid. The board of directors depends on the ability to forecast loss ratios, which in turn enables them to forecast profitability metrics to the shareholders. The organization will now consider implementing the use of statistics for measuring risks.
Your deliverable should be composed in a report. Be sure to address the following items:
- Explain how statistics is used to formally define risk in the risk assessment process.
- Discuss at least two statistical tools that can be employed to measure risk.
- Convey which tool best serves the company’s purposes and explain why it is.
- What are the ramifications of the organization electing not to use statistics in this process?
- Include:
1.An accurate overview that includes specific examples of how statistics support the risk assessment process is given.
2.At least two valid statistical tools that can be employed to measure risk are discussed with details on specific applications.
3.Correctly identifies which tool best serves the company’s purpose AND gives an explanation of why it is the best tool that includes specific examples of an application of the tool.
4.At least two valid ramifications of choosing to not use statistics in the risk assessment process are thoroughly explained.
2 pages minium
2 pages references
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Mccg262 Professional Coder Practicum Documentation Presentation Medical Billing And Coding
/in Uncategorized /by developerAs part of your internship with South Padre Medical Center, you are working under the supervision of the coding supervisor, Marla Kauffman. The clinic’s CDI Director, George Bowman, wants to better educate the physicians on the importance of accurate and complete medical records. Therefore, George is planning on beginning a series of education sessions every month. He has asked Marla to prepare a presentation on proper documentation.
Marla thinks that helping with this presentation would be a wonderful opportunity for you during your internship so that you can learn how to improve clinical documentation by identifying some key elements that are missing or unclear inpatient documentation. Marla’s plan for the presentation is to present some cases and examples where the coders did not have the information they needed to code. Marla has asked you to assist in preparing for this presentation by identifying any missing or unclear information from four patient records and drafting a PowerPoint presentation on your findings.
Because you are a new coder, Marla also thinks it would be helpful for you to research the importance of proper documentation and ways to ensure documentation is complete and accurate and then include information from your research findings into your PowerPoint presentation.
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Mcos
/in Uncategorized /by developerSome believe that MCOs are best at managing a patient’s wellness and supporting preventive and early detection services.
Explain the benefit to a third-party payer of this approach over a program such as major medical that only gets involved when the patient has a major illness (hospitalization).
Be specific.
Discussion board
250 word count minimum,
please use APA format, in text citations, include references
Please include two additional post 50 words minimum.
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Me Too Drugs Vs Brand Drugs
/in Uncategorized /by developerAnswer the following questions and write a paper (3 pages) about the problem of lack of knowledge regarding the differences of effect between first-in-class imported medications and me-too drugs.
· Introduction
· Why we need to fix this problem?
· How to study this problem?
· What is the Significant of the problem?
· What are the consequences of solving this problem?
· Theoretical Background of Me-too drugs
· Conclusion
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Meaningful Use 18894809
/in Uncategorized /by developerMeaningful Use is a program whereby a certified electronic health record can meet a set of standards set by Centers for Medicare and Medicaid, which will result in a payback of money to the provider or hospital using the system to offset the cost of the EHR (Office of the National Coordinator for Health Information Technology, 2015; Centers for Medicare & Medicaid Services, 2014).
Describe one standard from any of the Meaningful Use stages and explain what the benefit of the standard is to healthcare
Dawn
CMS.gov (2014). 2014 definition stage 1 of Meaningful Use. Retrieved from, http://www.cms.gov/Regulations-and-Guidance/Legislation/EHRIncentivePrograms/Meaningful_Use.html
Office of the National Coordinator for Health Information Technology (2015). Comprehensive list of certified health information technology. Retrieved from, http://oncchpl.force.com/ehrcert?q=chpl
150 words APA
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Measles Case Study
/in Uncategorized /by developerAPA format
3-4 page case study
Links to the sources are in the document
Questions to answer are in the document
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Measles Nursing Assigment
/in Uncategorized /by developerRequirements
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Measurement Resource
/in Uncategorized /by developerUse your course readings and resources to complete this assignment. The assigned video, “How to use the AHRQ National Quality Measures Clearing House” will assist you, also, with this assignment.
Format
Students should use the following format for their written assignment.
No plagiarism
Textbook Title: Applying Quality Management in Healthcare: A Systems Approach
Edition: 4
Author: Patrice L. Spath and Diane L. Kelly
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Measurement Statistics And Appraisal
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Measures To Improve The Health Of Our Nations Children
/in Uncategorized /by developerOur country currently spends more money on health care than any other country in the world, yet our health outcomes are among the worst in the industrialized world. What are some measures we can take to improve the health of our nation’s children without increasing healthcare spending? Be sure to support your ideas with relevant evidence based practice and acknowledge your references.
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Measuring Risks
/in Uncategorized /by developerCompetency
Examine the application of statistical functions and derivatives as instruments for measuring risks.
Instructions
You will assume the role of a senior analyst hired by a fictitious company, Premium Acceptance, a midsized property insurance carrier. Premium Acceptance is performing well with respect to several key performance indicators, including policies in force, policy retention, and new business counts.
One of your objectives as the newly appointed senior risk analyst is to develop a framework for managing loss ratios which is one of the firm’s largest key performance indicators. A loss ratio is simply the difference between the ratio of claims paid by an insurance carrier and the ratio of premiums paid. The board of directors depends on the ability to forecast loss ratios, which in turn enables them to forecast profitability metrics to the shareholders. The organization will now consider implementing the use of statistics for measuring risks.
Your deliverable should be composed in a report. Be sure to address the following items:
1.An accurate overview that includes specific examples of how statistics support the risk assessment process is given.
2.At least two valid statistical tools that can be employed to measure risk are discussed with details on specific applications.
3.Correctly identifies which tool best serves the company’s purpose AND gives an explanation of why it is the best tool that includes specific examples of an application of the tool.
4.At least two valid ramifications of choosing to not use statistics in the risk assessment process are thoroughly explained.
2 pages minium
2 pages references
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