The cost-to-charge ratio for a hospital is the ratio of the actual cost of care to what
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The cost-to-charge ratio for a hospital is the ratio of the actual cost of care to what the hospital charges for that care. In 2008, the Kentucky Department of Health and Family Services reported the following cost-to-charge ratios, expressed as percents, for 116 Kentucky hospitals:
(For example, a cost-to-charge ratio of 53.0% means the actual cost of care is 53% of what the hospital charges.) Use various techniques discussed in this chapter to organize, summarize, and describe the data.
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Related Book For
Modern Mathematical Statistics With Applications
ISBN: 9783030551551
3rd Edition
Authors: Jay L. Devore, Kenneth N. Berk, Matthew A. Carlton
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