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The business of palliative medicineāPart 2: The economics of acute inpatient palliative medicine
- Source :
- American Journal of Hospice and Palliative Medicine®. 19:89-95
- Publication Year :
- 2002
- Publisher :
- SAGE Publications, 2002.
-
Abstract
- Economic feasibility is a major factor in the viability of established acute inpatient palliative medicine. Several clinical, administrative, and financial parameters determine the financial health of inpatient care. Financial management metrics include case mix index (CMI) (as determined by the Federal Register as an assigned relative weight to the diagnosis-related group (DRG) reflecting resource consumption), direct costs, indirect costs, contribution margin, and in the future of all patient revised-DRG (APR-DRG). Both census and length of stay will have a major impact on these financial metrics. The type of patient referral and clinical decisions will influence direct costs and revenues. In the future, an international CMI or APR-DRG will allow palliative inpatient units to compare disease severity, resource utilization, and outcome measures.
- Subjects :
- Male
medicine.medical_specialty
Relative weight
Financial management
03 medical and health sciences
Indirect costs
0302 clinical medicine
Case mix index
030502 gerontology
Humans
Medicine
Revenue
Aged
Ohio
Terminal Care
Inpatient care
Contribution margin
business.industry
Palliative Care
Diagnosis-related group
Health Care Costs
General Medicine
Length of Stay
medicine.disease
Hospitalization
030220 oncology & carcinogenesis
Family medicine
Female
Medical emergency
0305 other medical science
business
Subjects
Details
- ISSN :
- 19382715 and 10499091
- Volume :
- 19
- Database :
- OpenAIRE
- Journal :
- American Journal of Hospice and Palliative MedicineĀ®
- Accession number :
- edsair.doi.dedup.....204ebba4eb76d21ffa33bc8571e3dc78