Healthcare is reimbursed in a variety of ways. The prospective payment method is one of those ways. This paper will be about the prospective payment method where diagnosis-related groupings (DRGs) forms the basis for payment.
· Research and explain the origin, purpose, and description of DRGs.
· Include what payment is based on.
· Identify the benefits and problems with reimbursement via this method.
· Explain how you as a nurse-manager can help manage costs and maximize your facility’s reimbursement from DRGs.