Cross-subsidization definition
Cross-subsidization means that the revenues from one type of hospital service are sufficiently higher than the costs of providing such service as to offset some of the costs of providing another type of service in the hospital. Cross-subsidization results from the lack of a direct relationship between charges and the costs of providing a particular hospital service or type of service.
Cross-subsidization means charging artificially low prices in a relevant market and subsidizing those prices from high prices in a different market where there is less or no competition;
Cross-subsidization means the offering of a competitive product and/or service by an electric and/or gas public utility, or the offering of a product and/or service by an affiliate, which relies in whole or in part on the utilization of utility employees, equipment or other assets, and for which full compensation (via cost allocations or direct payment), as determined by the Board, has not been provided for the use of such electric and/or gas
More Definitions of Cross-subsidization
Cross-subsidization means the internal transfer within an undertaking of profits resulting form one line of business to less profitable line of business;
Cross-subsidization means when revenue from a function or vote is used to defray costs of another function or vote.
Cross-subsidization means that the revenues from one 991 type of hospital service are sufficiently higher than the costs 992 of providing such service as to offset some of the costs of 993 providing another type of service in the hospital. Cross- 994 subsidization results from the lack of a direct relationship 995 between charges and the costs of providing a particular hospital 996 service or type of service. 997 (17) “Deductions from gross revenue” or “deductions from 998 revenue” means reductions from gross revenue resulting from 999 inability to collect payment of charges. For hospitals, such 1000 reductions include contractual adjustments; uncompensated care; 1001 administrative, courtesy, and policy discounts and adjustments; 1002 and other such revenue deductions, but also includes the offset 1003 of restricted donations and grants for indigent care. 1004 (18) “Diagnostic-imaging center” means a freestanding 1005 outpatient facility that provides specialized services for the 1006 diagnosis of a disease by examination and also provides 1007 radiological services. Such a facility is not a diagnostic- 1008 imaging center if it is wholly owned and operated by physicians 1009 who are licensed pursuant to chapter 458 or chapter 459 and who 1010 practice in the same group practice and no diagnostic-imaging 1011 work is performed at such facility for patients referred by any 1012 health care provider who is not a member of that same group 1013 practice. 1014 (19) “FHURS” means the Florida Hospital Uniform Reporting 1015 System developed by the agency. 1016 (20) “Freestanding” means that a health facility bills and 1017 receives revenue which is not directly subject to the hospital 1018 assessment for the Public Medical Assistance Trust Fund as
Cross-subsidization means charging artificially low prices in a competitive market and subsidizing the same from high prices in another market where there is less or no competition;
Cross-subsidization means the practice of charging a purchaser or class of purchaser more than the cost of care for a service with the result that another purchaser or class of purchaser is charged less than the cost of care for the same service.