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BDA Can Be Used to Improve the Bottom Line of a Hospital

question 24

True/False

BDA can be used to improve the bottom line of a hospital dealing with capitated payments.

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Definitions:

Contract Rate

The predetermined price per unit of service or good agreed upon in a contractual agreement.

Market Rate

The prevailing rate of interest or value for currencies or goods in the marketplace, often influenced by supply and demand.

Effective Interest Rate Method

A technique used in finance to find the actual interest rate per period with compounding taken into account.

Amortizing

The process of gradually paying off a debt over a period of time through regular payments.

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