Functional value analysis: a technique for reducing hospital overhead costs.
Many administrators feel that the methodology suggested for functional value analysis could beneficially be applied to many aspects of hospital administration beyond overhead functions. Some base their comments on their own experience in applying approaches similar to FVA to non-overhead activities. Others--who have not yet used a similar technique--believe that FVA's discipline in methodology and in-depth participation of hospital personnel could produce results in areas such as radiology, laboratory, and nursing.
D000066:Accounting; D003365:Costs and Cost Analysis; D004469:Economics, Hospital; D006739:Hospital Administration; D008722:Methods