Cost management information improves financial performance.
Cost management information creates flexible and effective solutions to a hospital's most pressing challenges. A cost management approach recognizes that all strategic, operational, and financial issues are interrelated. Thus, cost management information enables executives to improve strategic planning, cost controls, and financial performance.
D000066:Accounting / Q000379:methods*; D003361:Cost Allocation / Q000379:methods; D003660:Decision Support Systems, Management; D005376:Financial Management / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D007449:Investments; D008331:Management Information Systems; D010934:Planning Techniques; D011357:Product Line Management / Q000191:economics; D014481:United States