Managerial accounting applications in radiology.
We review the core issues in managerial accounting for radiologists. We introduce the topic and then explore its application to diagnostic imaging. We define key terms such as fixed cost, variable cost, marginal cost, and marginal revenue and discuss their role in understanding the operational and financial implications for a radiology facility by using a cost-volume-profit model. Our work places particular emphasis on the role of managerial accounting in understanding service costs, as well as how it assists executive decision making.
Lexa
Frank James
FJ
University of Pennsylvania, Wharton School, Philadelphia, Pennsylvania 19104, USA. lexa@wharton.upenn.edu
Mehta
Tushar
T
Seidmann
Abraham
A
D000066:Accounting / Q000379:methods*; D003284:Contract Services / Q000191:economics; D003365:Costs and Cost Analysis; D005376:Financial Management / Q000379:methods*; D006801:Humans; D008279:Magnetic Resonance Imaging / Q000191:economics; D010561:Personnel Staffing and Scheduling / Q000191:economics; D011871:Radiology / Q000191:economics*; D014481:United States