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Describes cost determination methods

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Introduce yourself and briefly explain the main topic of your report. Explains the role of the nursing executive leader in the process of guiding and providing direction to the interdisciplinary team on cost management and payment systems

In managing the budget, the nursing executive leader must guarantee the collection of payments for services. Answer: What is the cost-to-service charge ratio?

Why should a nursing executive leader be aware of this relationship and how would he use it?

Explains the payment system based on diagnosis-related groups (DRGs) and its implications for the profitability of health services.

Nursing executive leaders directly manage the budget of health organizations, but do not necessarily manage the financial statements. Answer:

What are the actions of the nursing executive leader related to the management and sustainability of the budget?

What steps can the nursing executive leader take to improve reimbursement and prevent lost revenue?

Describes cost determination methods in hospital health services payment definition reports. Interprets the US.

News and World Report classification of reports and their influence on the definition of incentive payments and payments for services.

Reference no: EM133468762

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