Informed price setting.
Informed price setting in private psychiatric hospitals is based on many factors, including accounting cost, economic cost, mission, long-term plans, and competition. Because no single cost accounting method yields the "right" price without the input of judgment and the consideration of other factors, several appropriate and useful methods of cost accounting should be considered. And because various approaches to price setting carry varying degrees of risk, informed price setting must evaluate them all.
Kovener
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Healthcare Financial Management Association, Washington, DC 20036.
D000066:Accounting / Q000379:methods; D003361:Cost Allocation / Q000379:methods; D003365:Costs and Cost Analysis; D005249:Fees and Charges; D005377:Financial Management, Hospital / Q000379:methods*; D016304:Hospitals, Private / Q000191:economics; D006778:Hospitals, Psychiatric / Q000191:economics*; D010934:Planning Techniques; D011907:Rate Setting and Review / Q000379:methods*; D014481:United States