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hospital cost

Comprehensive Analysis

1) "Hospital" -- As to hospital cost hos·pi·tal Pronunciation: 'häs-(")pi-t&l Function: noun Usage: often attributive Etymology: Middle English, from Anglo-French, from Medieval Latin hospitale hospice, guest house, from neuter of Latin hospitalis of a guest, from hospit-, hospes 1 : a charitable institution for the needy, aged, infirm, or young 2 : an institution where the sick or injured are given medical or surgical care -- usually used in British English without an article after a preposition 3 : a repair shop for specified small objects <a clock hospital> Pronunciation Symbols A hospital run by the National Health Service in the United Kingdom. A hospital run by the Department of Veterans Affairs in the United States. A hospital is an institution for health care, often but not always providing for longer-term patient stays. Today, hospitals are usually funded by the state, health organisations (for profit or non-profit), by health insurances or by charities, whereas in history, they where often founded and funded by religious orders or charitable individuals and leaders. Hospitals are nowadays staffed by professional physicians, surgeons and nurses, whereas in history, this work was usually done by religious orders or by volunteers. 1 Etymology 2 Types 2.1 General 2.2 Specialized 2.3 Clinics 2.4 Other facilities 3 History 3.1 Early history 3.1.1 In ancient Asia 3.1.2 In the Roman Empire 3.1.3 In medieval Europe 3.1.4 In medieval Arabia 3.2 In the modern era 4 Support infrastructure 4.1 Electrical 4.2 Information 5 References 6 See also 7 External links During the Middle Ages the hospital could serve other functions, such as almshouse for the poor, or hostel for pilgrims. The name comes from Latin hospes (host), which is also the root for the English words hotel, hostel, and hospitality. The modern word hotel derives from the French word hostel, which featured a silent s, which was eventually removed from the word; French for hospital is hôpital. <..." 2) "Cost" -- As to hospital cost 1cost Pronunciation: 'kost Function: noun 1 a : the amount or equivalent paid or charged for something : PRICE b : the outlay or expenditure (as of effort or sacrifice) made to achieve an object 2 : loss or penalty incurred especially in gaining something 3 plural : expenses incurred in litigation; especially : those given by the law or the court to the prevailing party against the losing party - cost·less /-l&s/ adjective - cost·less·ly adverb - at all costs : regardless of the cost or consequences <was determined to win at all costs> - at cost : for the price of production <buys clothes at cost directly from the manufacturer> Pronunciation Symbols In economics, business, and accounting, a cost is the value of inputs that have been used up to produce something, and hence are not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production. Costs are often further described based on their timing or their applicability. 1 Accounting vs opportunity costs 2 Comparing Private, external, social and psychic costs 3 Cost estimates and cost overrun 4 References 5 Path Cost 6 See also Historical costs or accounting costs represent the total amount of money (or the monetary value of goods) spent. It is the amount denoted on invoices and recorded in bookkeeping records. Opportunity cost, also referred to as economic cost is the value of the best alternative that was not chosen in order to pursue the current endeavour--i.e., what could have been accomplished with the resources expended in the undertaking. It represents opportunities forgone. If a person has a job offer that pays $25 for an hour's work, and instead chooses to take a nap, then the accounting cost of the nap is zero; the person did not hand over any money in order to nap. However, the opportunity cost is the $25 that could have been earned working. In theoretical economics, cost used without qualification often means opportunity cost. When a transaction takes place, it typically involves both private costs and external costs. Private costs are the costs that the bu..." 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