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Explain the term product costing

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Reference no: EM131374

1. Explain the term 'product costing'?

2. Give a brief overview of the subsequent funding models:

A. Cost Based Funding
B. Needs Based Funding
C. Population Based Funding

3. What are the benefits of Activity Based Funding

4. Name the Classification system responsible for capturing the sub-acute and non-acute areas of care (e.g. Palliative, Rehabilitation, Psychogeriatric, Maintenance care types). Why should a different system be needed for non-acute and sub-acute care kinds as opposed to using the acute classification (AR-DRGs)?

Reference no: EM131374

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