Explain traditional methods for paying healthcare organizations and how these may impact the pricing.
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Referencing Chapter 5 (Smith, D. G., 2014. Introduction to healthcare financial management (pg 2-58). San Diego, CA: Bridgepoint Education, Inc.) and one additional scholarly source, and using evidence in your text or from other sources for support, discuss the importance of prices in the healthcare industry. Explain traditional methods for paying healthcare organizations and how these may impact the pricing. Discuss the impact of the various reimbursements (e.g., Medicare, Medicaid, Private, or Self-Pay). Support your response in at least 250-300 word post.
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