The Possible Reimbursement from Medicare - Research Paper Example

The calculation for gross profit provided above is premised on the possible reimbursement from Medicare and the direct cost of the procedure. It did not account for the cost of the room, nurses’ salaries, and other overhead which, when combined with the direct cost for the procedure, should comprise the total cost per procedure. According to NCH cost center statistics, the following information has been determined for cardiac catheterization procedures:
The foregoing data provides useful information about the ratio of the cost to the charge associated with cardiac catheterization, where cost is the amount the hospital defrays while the charge is the amount that the hospital bills the patient. Read More