What Is the Basis for Determining Price by Health Care

Multiple Choice

What is the basis for determining price by health care organizations?

A) The best formulas for determining price involve setting price on the highest possible margin above cost.
B) The novelty of the product or service is the best basis for establishing price.
C) A health care organization determines a price based on the services offered, the ability of the consumer to pay, and the cost to deliver the service.
D) Cost leadership that generates low prices relative to competitors is always the best basis for pricing in health care.