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Related Experiment Videos

Variance analysis refines overhead cost control.

J C Cooper1, J D Suver

  • 1University of Kentucky, Lexington.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|January 9, 1992
PubMed
Summary
This summary is machine-generated.

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Healthcare organizations can improve financial performance by routinely reporting volume variances. This practice enhances standard cost accounting, enabling managers to identify and address lost charges or unrecovered overhead promptly.

Area of Science:

  • Healthcare financial management
  • Management accounting in healthcare

Background:

  • Standard cost accounting offers benefits to healthcare organizations.
  • Many organizations do not fully leverage these benefits due to incomplete reporting.

Purpose of the Study:

  • To highlight the importance of reporting volume variances in healthcare cost accounting.
  • To demonstrate how routine reporting improves financial oversight and performance measurement.

Main Methods:

  • Analysis of standard cost accounting principles in healthcare settings.
  • Review of internal reporting practices and their impact on financial outcomes.

Main Results:

  • Routine reporting of volume variances is crucial for realizing the full benefits of standard cost accounting.

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  • Inclusion of overhead allocation in reports helps identify billing discrepancies and lost charges.
  • Improved information systems can alert management to unrecovered overhead, allowing for timely corrective actions.

    • Conclusions:

    • Healthcare organizations should integrate routine volume variance reporting into their internal processes.
    • This practice leads to more accurate performance metrics and better financial control.
    • Implementing these changes supports more efficient resource management and reduces financial losses.