Question: Why it is so important to have a thorough understanding of cost? Direct costs associated with the patient, and this includes medications, specialized services, as

Why it is so important to have a thorough understanding of cost? Direct costs associated with the patient, and this includes medications, specialized services, as well as indirect costs that are allocated to all patients as a matter of conducting business. The reason that cost is very important has everything to do with insurance negotiations.

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Cost management in healthcare involves more than reducing costs Healthcare organizations must balance expenditures with their top priority patient health Healthcare organizations that carefully and st... View full answer

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