Revenue Determination: Pricing and Contracting Essays -- Business Reve

Over the last twenty years health cargon sets for the world(a) public, because of this continuous rise in prices infirmarys and health keeping facilities have disposed much attention to improving their communication of prices to the public. Most large number of the usual public are unaware that hospital costs and hospital prices are two different things. Hospital cost is the sawhorse amount the hospital pays in order to stand patient of care. Hospital price is the dollar amount designated to the specific procedures performed in order to provide said patient care. This dollar amount is what the hospital bills the policy company and/or the patient for their care (Cleverly & Cameron 2007). It is master(prenominal) for health care facilities and hospitals alike to provide a sense of reasonableness within their bills so that their patrons do not get the feeling that they are being ripped off. Many people feel that the reason their health care bills are so high-pitched is becau se hospitals feel they can bourgeon whatever they want for a harvesting people have to have. In general, sick people will not turn down a life saving treatment because it is as well as expensive, because the health care industry is aware of this, they charge whatever price they can get away with, like charging the patients insurance three times the base price (Cleverly & Cameron 2007). What the general public everlastingly seems to overlook is the fact that even hospitals need to turn a wage in order to keep their doors open and keep providing genuinely inviolable health care to their patients. There are three generic factors that act upon the way any firm, including health care facilities influence their pricing. These three factors are, the sought after net income of the firm, the firms competitive positio... ...They are held to reasonableness of charges and it is important that the public knows the facts before speaking out against their local hospital. Health care costs money, therefore like any business hospitals must charge for their services, plain and simple. Works CitedDevers, K, Casalino, L, Rudell, L, Stoddard, J, Brewster, L, & Lake, T. (2003). Hospitals negotiating leverage with health plans how and why has it changed? Health run Research, 38(1), 419-446. Cleverley, W. O., & Cameron, A. E. (2007) Essentials of health care finance. Mississauga, Canada Jones & BartlettLong, R. (2002). Long fiscal turnaround focuses on revenue cycle, managed care contracts - executive insights - ronald r. long, outgoing chairman of healthcare financial management association national board of directors - interview. Healthcare Financial wariness