question archive Calculating Insurance Math A hospital has a per diem payment arrangement with an HMO
Calculating Insurance Math A hospital has a per diem payment arrangement with an HMO
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Calculating Insurance Math
A hospital has a per diem payment arrangement with an HMO. The plan will pay the hospital $1,200 a day for inpatient care, regardless of the services the hospital provides. This month, one member has been hospitalized for three days for observation and tests. The hospital charges for each of the three days are $1,275, $1,330, and $1,200.
