Improving hospital cost accounting with activity-based costing.
In this article, activity-based costing, an approach that has proved to be an improvement over the conventional costing system in product costing, is introduced. By combining activity-based costing with standard costing, health care administrators can better plan and control the costs of health services provided while ensuring that the organization's bottom line is healthy.
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Michael G. DeGroote School of Business, McMaster University, Hamilton, Ontario, Canada.
D000066:Accounting / Q000639:trends*; D003361:Cost Allocation / Q000379:methods*; D003363:Cost Control / Q000379:methods; D005377:Financial Management, Hospital / Q000379:methods*; D006801:Humans; D014481:United States