JOURNAL OF ACCOUNTING AND FINANCE
A Balance Sheet Healthcare Model to Lower Costs
Author(s): Winifred D. Scott
Citation: Winifred D. Scott, (2020) "A Balance Sheet Healthcare Model to Lower Costs," Journal of Accounting and Finance, Vol. 20, ss. 4, pp. 81-94
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This paper develops a Balance Sheet Healthcare Model, by innovatively combining aspects of two separate disciplines, accounting and healthcare, as a way to lower healthcare costs. The trend of increasing annual prices for medical services, drugs, and insurance premiums plus medical plans with higher deductibles for their employees (PriceWaterhouseCoopers, 2019) are expected to continue. The Balance Sheet Healthcare Model presents a way of thinking about financial assets and liabilities superimposed on the human body, the influence of individual consumption choices, and predicts the resulting effect on health equity and healthcare costs.