Essay on Maximizing Value Investment in Healthcare: Aligning Economic and Health Incentives

Introduction

In America, traditional work schedules include 8 am to 5 pm, with one hour for lunch. One was supposed to work for 8 hours a day. In one week, an employee was expected to work for five days, which includes Monday through Friday. The total hours for work in one week were 40 in total.

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The better value for investment can be realized, especially in healthcare, through aligning, both the economic and health incentives to achieve the goals (Washington, Serra & Oberberger, 2018). The straight for payout schedule reduces the probability of poor outcomes and the cost to the administration. The system can define the single amount covering all the services provided to the patient in a single episode, for example, heart treatment. It, therefore, becomes economical to the organization because one does not need to make separate payments for every service. Most importantly, the technique is acceptable by both organization and the patient.

The straight for payout schedule provides security on the salaried positions. The program does not heavily rely on sales or other commissions. In other instances, the straight pay schedule works well for organizations that involve collaborative efforts to achieve a specific objective (Washington et al., 2018). In such situations, it is economical to use the technique because it is difficult to determine the contribution of a single employee. It also makes the administrative costs very low. The cost of management of the employees is reduced using a straight payout schedule. It is economical to deal and manage employees as a group and pay them at the end of the agreed period other than handling each employee individually. Organizations need to do little to implement/sell their plans/ calculate payout using straight for payout schedule.

Straightforward Payout Schedule

Straightforward for payout schedule is the super-flexible and perfect opportunity, especially for the college students. It pays a base of at least $9 per hour (Kim, 2020). It also provides a chance to make up to $12 per hour (Kim, 2020). The environment is very conducive because of fun and social life. There are also a lot of incentives, which include gas cards and gift cards.

Straightforward pricing on other hand, is very affordable to the customers. It also reduces administrative costs. Under straightforward pricing, one can get started immediately with the self-service option. These charges are mostly recommended for events that go up to 1,000 guests. Under this method, there are no complex strings and specific calculations.

There is also a full-service partnership when it comes to larger and more complex events involving over one thousand guests. More so, the settlement is flexible because processing is adaptable to the preferred schedule of the customer. In the United States, standard payment timing is usually two business days (Kim, 2020). However, in case one requires an alternative fixed schedule, the stripe can allow both weekly and monthly payouts. These adjustments can be updated in the personal account payout settings.

The fees can be conveniently paid any time by adding fees to the order total of the customers. Alternatively, one can absorb the charges and pay directly from the ticket revenue. Most of the organizers of the events usually make Event sprout free to the operator by passing the fees to the customers. The charges can vary depending on the organizer, flexibility, which serves the interest of both the customer and the organizer.

References

Kim, M. (2020). Negotiation or Schedule-Based? Examining the strengths and weaknesses of the public benefit exaction strategies of Boston and Seattle. Journal of the American Planning Association, 86(2), 208-221. https://www.tandfonline.com/doi/abs/10.1080/01944363.2019.1691040

Washington, G., Serra, J., & Oberberger, M. (2018). "Achievement-based payout schedule unlock techniques implemented in wager-based gaming networks." U.S. Patent No. 10,032,337. Washington, DC: U.S. Patent and Trademark Office. https://www.ncbi.nlm.nih.gov/pubmed/17915834