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While setting the Prices in Healthcare, Hospitals, Which factors should we Consider ?

a) The prices offered by other facilities and competitors

b) The prices set by the Govt agencies, MOH

c) Considering the services offered in facility and quality of treatment

d) Calculate the cost incurred and add some profits

e) Any other treatment

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Question added by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC
Date Posted: 2015/02/26
zafar abbas minhas
by zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

MOST IMPORTANT IS ""   B '""  , CONSIDERATION OF MOH ,,,,,   REST SAME FOR OTHER PRICING METHODS..........................   GOOD DAY MALIK G

Tamer Elbeshbishy
by Tamer Elbeshbishy , Financial and Administration Manager , Al Muzun Holding Group

Regarding Hospitals. As it is different from other business as most of them have another factor rather than than great profit or maximizing the shareholder values. Hospitals may have some different factors which is taking care of human factors. which is  delivering good quality to patients. as well as getting some profit over the cost . So the most close is no D . getting some profit over cost, not very much profit. and delivering good services. Thank You>

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

d) Calculate the cost incurred and add some profits

but should not exceed the government regulated price structure.

Khurram Shaukat Memon
by Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

I think we should consider socio economic  environmental factor along-with option (D) in a country like Pakistan were poor people are always ignored by every one except few privileged business men   

Mohammed Hussain Shah
by Mohammed Hussain Shah , Finance Manager , Al-Naba Contracting Co. Ltd

It is a, c, d and e subject to a maximum of b that is , the controlled price if any laid by MOH,

 

thank you...

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

i think that answer ( B or C ) 

Thank you 

fadil hoory
by fadil hoory , محاسب , شركة مقاولات بالسعودية

NO:  (C:)<<<<

Option B & C

We are more concerned about quality of treatment provided to patient in healthcare. After this we consider other factors like price set by govt. and our profit margin.

 

 

MALIIK SOHAIL ABBAS
by MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

IN MY POINT OF VIEW THE OPTION A-B IS THE MOST SUITABLE

Richard Peter D Souza
by Richard Peter D Souza , Finance Manager , Eye Mart Optics LLC (formerly Roots Eyewear LLC)

Options a, b, & d to ensure return on investment.

Saifudheen Mullantavide Puthiyapurayil
by Saifudheen Mullantavide Puthiyapurayil , Chief Accountant , Crescent Global Insurance Services W.L.L & Connect Underwriting LTD

c) Considering the services offered in facility and quality of treatment

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