Being that the payor mix and the role cost plays in helping a hospital determine its ultimate maximum level of reimbursement. In your own words describe the relationship between costs and payor reimbursement.
both the cost and payor reimbursement are appropriate when it is acceptable or desirable to shift risk of successful contract performance from the hospitalto the patient.
cost and payor mix are a compansation from indipendent organization to the hispital for all of its allowed expenses and additional payments to gain profit. also, both the cost and payor mixers determine the hospitals financial metrics for a particular year.