Revenue Chapter 6 Review Quiz

Extreme rising costs which were higher than the current inflation rate & they needed to standardize costs across the board.

Payments are fixed & if they are not making a profit at that price, then the facility may need to reevaluate things on their end.

Age-the cost of care goes up with the age of the patient, a lot of elderly patients need more care than a younger patient. Health issues-a patient with other health problems besides the one they are being treated for cost more because the other problems have to be treated as well as the current problem.

0.69294 nearly 70%

0.30706 a little over 30%

To keep facilities from discharging a patient early & then readmitting the patient at the higher rate. The per diem goes down with each consecutive day.