Revenue Determination: Pricing and Contracting Essays -- Business Reve

Over the last twenty years health c be harms for the normal public, because of this continuous rise in prices infirmarys and health electric consecrate facilities have minded(p) much attention to improving their communication of prices to the public. Most mess of the global public are unaware that hospital costs and hospital prices are two different things. Hospital cost is the sawbuck amount the hospital pays in order to pass on unhurried 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 authorized for health care facilities and hospitals alike to provide a sense of reasonableness within their bills so that their patrons do non get the feeling that they are being ripped off. Many people feel that the reason their health care bills are so eminent is because hospi tals feel they can charge whatever they want for a fruit people have to have. In general, sick people will non turn down a life saving treatment because it is also 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 evermore seems to overlook is the fact that even hospitals need to turn a profit in order to keep their doors open and keep providing genuinely slap-up health care to their patients. There are three generic factors that allure the way any firm, including health care facilities influence their pricing. These three factors are, the coveted 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 busines s 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 monetary 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 concern