Lining up your service lines.
Steps in implementing a service line approach include: Defining the service line. Allocating service line revenue and expense. Analyzing service line contribution margin and profitability. Determining the value of other factors. Creating standards for investment decisions, benchmarking, and ranking.
Bilsky
Steven D
SD
Ernst & Young, Health Sciences Advisory Services, Iselin, NJ, USA. Steven.bilsky@ey.com
Aber
Jeffrey M
JM
D019985:Benchmarking; D004180:Direct Service Costs; D017598:Efficiency, Organizational; D005376:Financial Management / Q000458:organization & administration*; D006298:Health Services Administration; D006801:Humans; D007449:Investments; D040841:Resource Allocation / Q000458:organization & administration