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Converting nursing care cost to revenue
1St. Mary's Hospital, Leonardtown, Maryland.
The Journal of Nursing Administration
|May 1, 1989
Abstract:
The authors describe the process that bridges the gap between concept and reality by developing a successful system of charging for nursing services. By determining the cost of nursing services and extracting the nursing charge from the traditional room rate, nursing units are converted to revenue producers, with the ability to negotiate for managed care contracts, justify budgets and staffing, equate nursing with other revenue producing centers, and eliminate opinion about perceptions of the cost of nursing services.