Changes caused by the shift from charge-based rates to negotiated rates has had the following results.
a. Most hospitals experience a gap between the amount they receive from their payers and the amount billed. Receipts may be as low as 20 percent of the billed amount.
b. Chargemaster rates serve as a powerful guide for optimal resource allocation in the industry.
c. A growing percentage of patients with insurance are paying billed rates.
d. The change has increased the importance of Ramsey pricing principles in setting rates.
a. Most hospitals experience a gap between the amount they receive from their payers and the amount billed. Receipts may be as low as 20 percent of the billed amount.
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The figure above illustrates a linear demand curve. If the price falls from $8 to $6
A) total revenue increases. B) total revenue decreases. C) total revenue remains unchanged. D) the quantity demanded increases by less than 20 percent.
Refer to Table 13-2. What is the marginal profit from producing and selling the 5th case?
A) $275 B) $145 C) $35 D) $20
The following is an example of Radio Shack hedging its foreign currency risk
A) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack makes a forward-exchange deal to buy yen. B) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack makes a forward-exchange deal to sell yen. C) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack buys yen at a spot-exchange 1 month from now. D) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack sells yen at a spot-exchange 1 month from now. E) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack sells yen in a forward-exchange deal.
An individual's value for a good or service is the
a. The amount of money he or she used to pay for a good b. The amount of money he or she is willing to pay for it c. The amount of money he or she has to spend on goods d. None of the above