Why is it so difficult to capture costs in healthcare, as compared to something like manufacturing? The first reaction that Grainger and Turner had when they saw the results of McGowan's study was to attribute the cost gap between Springfield Hospital and The Institute for Heart Health to the difference in input prices between the US and Asia. Based on your calculations, would this explanation be sufficient? Why or why not? If you were Turner, where would you focus your attention in order to improve the economic performance of the CABG procedure

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Capturing costs in healthcare is more challenging than in manufacturing for a few reasons 1 Complexi... View the full answer