Effective cost modeling for service line planning.
Healthcare executives have struggled to have accurate, timely information about cost and resources to model and monitor service line performance. Process-based cost modeling has been used successfully in other industries, but is relatively new in health care. Understanding costs and resources at process and patient levels can make the difference between a service line having a positive or negative margin.
Scott
Michael
M
Wipfli LLP, Eau Claire, WI, USA. mscott@wipfli.com
Stephen
Robert
R
D003365:Costs and Cost Analysis / Q000379:methods; D004469:Economics, Hospital; D018803:Models, Economic; D011357:Product Line Management / Q000191:economics* / Q000458:organization & administration; D014481:United States