Variable billing for services: new fiscal direction for nursing.
The advantages of variable billing for nursing care that: It identifies revenue nursing cost centers. It facilitates systematic control of revenue and expenses, improving budget planning and management. It generates a tremendous amount of data that can be used in administrative planning and decision making. It is more equitable than past billing practices for the patient, the third-party payer, and the hospital, making it a public relations asset. The disadvantages of variable billing are that: Charges at one hospital are not easily compared with those at another. The mix of patients at varying classification levels has a significant effect on revenue, thus increasing the possibility of lower revenue. More accountability and in some cases more work is required of nursing administrators. In this article, the practical application of variable billing in acute care settings has been discussed. It is hoped that the information provided here will stimulate nursing administrators to assess the feasibility of implementing varible billing for nursing services as a fiscal practice in their own institutions.
D001130:Arizona; D003361:Cost Allocation; D003365:Costs and Cost Analysis; D005249:Fees and Charges; D005376:Financial Management / Q000379:methods*; D005431:Florida; D006745:Hospital Bed Capacity, 300 to 499; D009737:Nursing Records; D009738:Nursing Service, Hospital / Q000191:economics*; D010561:Personnel Staffing and Scheduling / Q000379:methods