Pricing Strategies.
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1. Is finding the right price to charge in health care is more difficult or less difficult than in other industries?
2. In what ways is health care pricing strategies different than in other industries?
3. What is the relationship between costs and prices?
4. Should the healthcare organizations set some products/services in a discounted rate to attract more customers? And why?
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Solution Summary
The expert examines finding the right price to charge in health case is more difficult or less difficult than other industries.The relationship between costs and prices are determined.
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Reconstructing Hospital Pricing Systems - Healthcare ... https://www.hfma.org/hospitalpricing/
1. Is finding the right price to charge in health care is more difficult or less difficult than in other industries?
It is more difficult to find the right price to charge in healthcare because of the many constraints on the healthcare industry, that make this industry entirely different from other industries. Because of the inherent systematic design of the healthcare industry, it has and will always operate differently from other industries. This is because of the fact that most healthcare episodes involve urgent care with a high degree of highly specialized knowledge required for the majority of hospital services. Therefore, the ability to charge prices is predicated upon these realities, which make it ...
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- BS, Sam Houston State University, 1903 University Avenue, Huntsville, Tx 77340
- MS, Prairie View A&M University
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