Hospital cost accounting: implementing the system successfully.
To successfully implement a cost accounting system, certain key steps should be undertaken. These steps include developing and installing software; developing cost center budgets and inter-cost center allocations; developing service item standard costs; generating cost center level and patient level standard cost reports and reconciling these costs to actual costs; generating product line profitability reports and reconciling these reports to the financial statements; and providing ad hoc reporting capabilities. By following these steps, potential problems in the implementation process can be anticipated and avoided.
D000066:Accounting; D003201:Computers; D003365:Costs and Cost Analysis; D005376:Financial Management; D005377:Financial Management, Hospital; D007256:Information Systems / Q000458:organization & administration*; D008331:Management Information Systems / Q000458:organization & administration*; D012984:Software; D014481:United States