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Package Pricing at Mission Hospital Case Solution & Answer

This Case is About FINANCIAL ANALYSIS, PRICING

PUBLICATION DATE: July 21, 2015 PRODUCT #: IMB527-HCB-ENG

Mission Hospital began its operations on April 02, 2008 with the goal of providing best quality patient care facilities to everyone at affordable rates. A lot of its patients are from neighboring nations and nearby states, and are covered under health schemes that are distinct. Among hospitals in India, flat rate for unique treatments is becoming popular, largely owing to government schemes and health care tourism. This would mean the bundle cost ought to be computed by the hospital on the grounds of patients’ clinical and non-clinical advice that can be found in the time of entry. Flat fee (or bundle pricing) can cause be a loss to the hospitals if they do not appropriately estimate the therapy price for a patient. The hospital faces the challenge of identifying key variables that drive the overall cost of treatment so that it may quote the individual a suitable price.

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