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Rethinking Cost-to-Charge Ratios
More than half of US hospitals use cost-to-charge ratios as a primary cost estimation method since true procedural cost accounting can be prohibitively expensive.
Risks are Present
Although many hospitals believe that cost-to-charge ratios are relatively acceptable for internal planning purposes, there are many risks of this approach which can lead to sub-optimal strategic decisions.
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Filed under: Health Economics, Practice Management | Tagged: hospital cost to charge estimates, hospital primary cost estimation, ObjectiveHealth |
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