Refined cost accounting produces better information.
Cost accounting systems provide management with information crucial to operating more efficiently in today's competitive healthcare environment. Enhanced cost systems are simple to implement because they parallel existing hospital charge systems. By modifying existing cost systems, healthcare institutions can generate more accurate cost information necessary for dealing with third-party payers, physicians, and managed care organizations.
D000066:Accounting / Q000379:methods*; D003361:Cost Allocation / Q000379:methods; D003625:Data Collection; D004180:Direct Service Costs; D005376:Financial Management / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D006748:Hospital Departments / Q000191:economics*; D008331:Management Information Systems; D014481:United States