Question: 5.1 (a.) What is the difference between a price setter and a price taker from a HOSPITAL stance? (b.) Can most providers be classified strictly

5.1 (a.) What is the difference between a price setter and a price taker from a HOSPITAL stance?

(b.) Can most providers be classified strictly as price settlers or price takers?

5.2: What are the essential differences between full cost and marginal cost pricing strategies?

5.4: What is cross-subsidization (price shifting)?

5.6- (a). What is profit (CVP) analysis?

(b). Why is it so useful to healthcare managers?

(c.) What is a profit and loss (P & L) statement?

5.8.- (a). Write out and explain the equation for volume breakeven.

(b). What is the difference between accounting and economic breakdown?

5.9- What are the critical differences in profit analysis when conducted in a capitated environment versus a fee-for-service environment?

5.10- How does a provider's incentive differ when it moves from a fee-for-service to a capitated environment?

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