HOSPITALS AND HEALTHCARE INSTITUTIONS

Download – Executive Perspectives™ on Activity Based Costing in Healthcare Insitutions

Activity Based Costing and Management (ABC/M) is a strategic accounting framework that allows you to determine what portion of overhead should be attributed to each of the services offered.

As a hospital or healthcare facility administrator you have undoubtedly appreciated the large amount of indirect support costs – commonly referred to as overhead – that is incurred to deliver the medical services offered in your organization.

Through ABC/M, you not only monitor true costs but also reduce or eliminate activities that generate costs but add no value in terms of better health outcomes.