Question: When flat fees are being received for different products or services, it is essential for the hospital to have detailed knowledge of the cost of
When flat fees are being received for different products or services, it is
essential
for the hospital to have detailed knowledge of the cost of each product or service. Accurate cost information is
crucial
for decisions regarding which products and services should be emphasized or deemphasized. In contrast, when all costs are reimbursed, it is
important to the hospital to know which products or services cause costs, because all costs are reimbursed by someone.
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