What is contractual day rate in SAP IS-H - SAP for Healthcare?

SAP Term: contractual day rate

• Component: IS-H

• Component Name: SAP for Healthcare

• Description: SAP Healthcare - Industry-Specific Components for Hospitals Daily cost of a patient's stay in hospital.

Smart SAP Assistant

• Key Concepts: 
  Contractual day rate is a term used in the IS-H SAP for Healthcare module. It is a rate that is agreed upon between a healthcare provider and a patient for services rendered. This rate is based on the number of days that the patient will be receiving care, and it is used to calculate the total cost of care. 
  
  How to use it: 
  The contractual day rate is used to calculate the total cost of care for a patient. The rate is based on the number of days that the patient will be receiving care, and it is used to determine the total cost of care. The contractual day rate can be adjusted depending on the type of care that the patient needs, as well as any additional services that may be required. 
  
  Tips & Tricks: 
  When calculating the contractual day rate, it is important to consider any additional services that may be required. This can help to ensure that the total cost of care is accurate and fair for both parties involved. Additionally, it is important to keep track of any changes in the contractual day rate over time, as this can help to ensure that the rate remains fair and accurate. 
  
  Related Information: 
  The contractual day rate is just one part of the overall cost of care for a patient in IS-H SAP for Healthcare. Other factors such as medications, supplies, and other services may also need to be taken into account when calculating the total cost of care. Additionally, it is important to consider any changes in regulations or laws that may affect the contractual day rate over time.