Bridging the gap between finance and clinical operations with activity-based cost management.
Activity-based cost management (ABCM) is an exciting management tool that links financial information with operations. By determining the costs of specific activities and processes, nurse managers accurately determine true costs of services more accurately than traditional cost accounting methods, and then can target processes for improvement and monitor them for change and improvement. The authors describe the ABCM process applied to nursing management situations.
Storfjell
J L
JL
Storfjell Associates, Berrien Springs, MI, USA.
Jessup
S
S
D000066:Accounting / Q000379:methods*; D003361:Cost Allocation / Q000379:methods*; D006801:Humans; D009718:Nurse Administrators / Q000191:economics / Q000458:organization & administration; D009736:Nursing Process; D009738:Nursing Service, Hospital / Q000191:economics* / Q000458:organization & administration; D012984:Software; D014481:United States