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Posted: June 15th, 2022
What would the cost drivers be Greenbelt Hospital has the following activities in its value
What would the cost drivers be?Greenbelt Hospital has the following activities in its value chain of providing service to each inpatient admission: 1. Schedule patient. Direct Labor 2. Verify insurance. 3. Admit patient. 4. Prepare patient’s room. 5. Review doctor’s report. 6. Feed patient. 7. Order tests. 8. Move to/from laboratory. 9. Administer lab tests. 10. Order pharmaceuticals. 11. Complete patient report. 12. Check patient’s vital signs. 13. Prepare patient for operation. 14. Move to/from operating room. 15. Operate. 16. Collect charges. 17. Discharge patient. 18. Bill insurance.Required: Assume that the cost object is the individual patient. Determine the appropriate cost driver(s) for each activity.
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