Examining the methods of cost accounting

Reference no: EM133546851

Assignment:

The CARES Act provided $100 billion in financial relief to hospitals responding to the COVID-19 pandemic. The legislation includes a 20 percent increase in Medicare payments to hospitals for their COVID-19 patients. However, hospitals reported that costs associated with COVID-19 patients may be 35 percent more than the original DRG payment rates, or 15 percent more than relief payment rates. For a hospital that admits COVID-19 patients, list the possible solutions to this cost crisis after examining the methods of cost accounting.

Reference no: EM133546851

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