The reasonable value of hospital care in Florida has been determined to have the following non-exclusive elements:
1) an analysis of the relevant market for hospital services including rates charged by similar hospitals for similar services, 2) the amount a hospital accepts as payment in full from other payers for identical services rendered, and 3) the cost to the hospital of rendering the hospital care in question. One of the nation’s leading experts on hospital policy and hospital billing and collection practices believes the reasonable value of hospital care to be the Medicare Rate plus 25% (See Witness Testimony of Dr. Gerard Anderson), of the Johns Hopkins School of Medicine.