Holy Cross Hospital, Chicago: cost variance analysis in a health care setting.
By knowing and understanding basic cost accounting techniques, administrators are better equipped to keenly judge their own institution's health care expenses. Managers who implement cost variance analysis are less likely to be forced into a defensive position with either board members or the general public.
D000066:Accounting / Q000379:methods*; D000704:Analysis of Variance; D002641:Chicago; D003365:Costs and Cost Analysis; D005376:Financial Management; D006739:Hospital Administration; D006745:Hospital Bed Capacity, 300 to 499