Question

How does understanding how costs behave assist you in managing a hospital under the Medicare prospective payme?

How does understanding how costs behave assist you in managing a hospital under the Medicare prospective payment system?

4 years ago - 1 answers

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If you are really asking that question, I hope you arent managin my hospital.

To understand your question, you are asking why understanding costs is important for managing a business with respect to payment?

Income (medicare prospective payments) less costs (business expenses) equals profit. If you are going to be paid less by medicare, then you have to reduce your costs or take less profit.

4 years ago