Describe the differences between cost-charge and payment

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Reference no: EM134025079

Question

As the nursing administrator at a community hospital providing training for your unit directors.

Discuss the following;

1. Discuss how Medicare, Medicaid, and private insurance reimburse healthcare organizations.

2. Describe the differences between cost, charge, and payment.

3. Explain Diagnostic Related Groups (DRGs) and provide at least two examples.

4. Discuss how insurance reimbursement affects private pay patients (those with no insurance).

Reference no: EM134025079

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