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QUESTIONS FOR HEALTHCARE FINANCE: What is target costing? - Be as descriptive as you can but in simple terms. Suppose a hospital was offered a

QUESTIONS FOR HEALTHCARE FINANCE:

What is target costing? - Be as descriptive as you can but in simple terms.

Suppose a hospital was offered a capitation rate for a covered population of $40 per member per month. Briefly explain in simple terms how target costing would be applied in this situation.

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