Hospitals become cost centers in managed care scenario.
In a risk-bearing managed care enterprise, acute-care facilities will change from being profit centers to being cost centers, and this transformation will require a focus on controlling costs rather than increasing admissions. This article details the elements of change that healthcare financial managers should consider, from the increased difficulty of matching revenue to expense, to the expanded role of clinical engineers.
Keegan
A J
AJ
HBO & Company, Atlanta, GA.
D000066:Accounting / Q000639:trends; D003361:Cost Allocation / Q000639:trends; D003363:Cost Control / Q000379:methods; D005377:Financial Management, Hospital / Q000639:trends*; D006748:Hospital Departments / Q000191:economics*; D007857:Leadership; D008329:Managed Care Programs / Q000191:economics*; D017059:Models, Econometric; D011590:Psychology, Industrial; D012308:Risk Management / Q000191:economics; D014481:United States