managed care
cost of care, economics, finance, and payment mechanisms
Compensation differentials play an important role in understanding labor economics and trends in employee benefits. In equilibrium labor markets, where the supply and demand of labor intersect, people are paid what they are worth; more technically, individuals are compensated the value of their marginal product. [Source: Encyclopedia of Health Services Research; Compensation Differentials]
compensating differentials
concepts
accounting and activity-based costing