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Becton Dickinson case

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Issue:

Business

 

Written by:

Rosalie B

 

Date added:

July 13, 2014

 

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Grade:

A

 

No of pages / words:

8 / 2025

 

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6880 times

 

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So, let's see how the situation was before and after these changes. Before 1983 Hospitals had been reimbursed for all costs incurred in serving those patients. Hospitals were rewarded for efficiency. The buyers at the hospitals were specialist, without purchasing skills or interests in negotiating for prices...
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Moreover, the national and regional averages were to be updated, so that if hospitals improved their cost performance, they would be subject to stricter DRG-related payment limits. Hospital admissions fell 4%-the largest drop on record; the average length of a patient's hospital stay fell 5% to 6.7 days, also the largest drop ever...
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General issues of this essay:
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