Full cost determination: an application of pricing and patient mix policies under DRGs.
Prospective payment systems have replaced retrospective reimbursement, thus increasing the need to determine costs, income, and potential losses in order to adjust the patient mix so as to minimize losses and maximize profits. Three phases in applying pricing and patient mix policies are described.
D000720:Ancillary Services, Hospital / Q000191:economics; D003361:Cost Allocation; D003365:Costs and Cost Analysis; D003953:Diagnosis-Related Groups; D004180:Direct Service Costs; D004469:Economics, Hospital; D005249:Fees and Charges; D005376:Financial Management / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D007902:Length of Stay / Q000191:economics; D008433:Mathematics; D006278:Medicare / Q000191:economics; D011050:Policy Making; D014481:United States