Finances for Hospice Care and How It Works Presentation my topic is on Hospice care, specifically I’m only doing the pricing and costs including pricing an

Finances for Hospice Care and How It Works Presentation my topic is on Hospice care, specifically I’m only doing the pricing and costs including pricing and resources. I have done all the slides Already. what I need help is just a little help for the slides that I create to make sure that I do the presentation well. just 5 slides Finances for Hospice care and how it works
Name
Institution Affiliation
Finance Options for Hospice

The costs can be covered in four major options.

These include:


Medicare, which account for 85.4%;

Medicaid which account for 5%;

Managed care and private insurance, which account for 6.9%;

Charity and self-pay, which account for 2.7%. The costs can be
covered in four major options.
Costs are categorized in routine home care, continuous
home care, inpatient respite care, and general inpatient
care.
Average Charge per Patient

Charges for hospice care are based on data for payments
done previously

These include:


Charges on routine home care per day is $193 – $250

Charges on continuous home care per day is $350 – $500

Charges on inpatient respite care per day is $173 – $200

Charges on general inpatient care per day is $744 – $1,000
These charges can be settled using any of the finance
options specified.
Hospice Care Payment Plans in Chicago, Illinois

Medicare: caters for terminally ill patients with Medicare
beneficiaries in certified providers

Medicaid: covers all hospice services and is same as Medicare

Private insurance: by managed care planers and employers

TRICARE: health benefit programs for retirees and military
personnel only provided by Medicare-certified hospices

Private pay: payment plans by patients’ families if insurance
coverage is not unavailable or is insufficient.

Charitable care: allowed but only through the hospices’
designated financial specialists
Illinois Health and Hospital Association (2018)
Financial Rates Hospice in Chicago
in 2018
Illinois Health and Hospital Association (2018)
Annual Earnings by Staff Nurse – RN –
Hospice in Illinois
Salary.com. (2020)
Budget
References
❑ CBS Chicago. (2013, September 3). Chicago Hospice Services: Who Pays For
Hospice Care In Illinois? Retrieved from cbslocal.com:
https://chicago.cbslocal.com/2013/09/03/chicago-hospice-services-who-pays-forhospice-care-in-illinois/
❑ Illinois Health and Hospital Association. (2018, January 12). CMS Final Rule
Hospice Services. Retrieved from IHA: https://www.teamiha.org/finance/medicare/correspondence/cms-final-rule-hospice-services
❑ Illinois Health and Hospital Association. (2018, January 12). CMS Final Rule
Hospice Services. Retrieved from IHA: https://www.teamiha.org/finance/medicare/correspondence/cms-final-rule-hospice-services
❑ Salary.com. (2020, March 26). Staff Nurse – RN – Hospice Salary in the United
States. Retrieved from Salary.com:
https://www.salary.com/research/salary/benchmark/staff-nurse-rn-hospicesalary/il

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