Why activity-based costing works.
With advancing technology and the quest for delineating the true cost of a procedure or diagnostic test, cost accounting techniques are being re-explored in the health care setting. Activity-based costing (ABC), adopted from other businesses, is one such example that has applications in the health industry. The purpose of this paper is to enhance the understanding of health care costs among physician providers, emphasizing a new approach--activity-based costing.
Gabram
S G
SG
Loyola University Medical Center, Maywood, IL, USA.
Mendola
R A
RA
Rozenfeld
J
J
Gamelli
R L
RL
D000066:Accounting / Q000379:methods*; D002017:Budgets; D002204:Capitation Fee; D003361:Cost Allocation / Q000379:methods*; D004465:Economic Competition / Q000639:trends; D018588:Fee-for-Service Plans; D005377:Financial Management, Hospital / Q000379:methods; D017048:Health Care Costs; D007182:Income; D008329:Managed Care Programs / Q000191:economics; D011216:Practice Management, Medical / Q000191:economics*; D014481:United States