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Related Experiment Videos

Using PCs for effective case-mix based budgeting.

A K Kramer1, R J Ellertsen

  • 1Quincy Hospital, MA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|May 8, 1993
PubMed
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Precise statistical budgeting is an underused healthcare cost-control method. Utilizing personal computers with specific software can help financial managers improve profitability through case-mix budgeting.

Area of Science:

  • Healthcare Management
  • Health Economics
  • Financial Management

Background:

  • Healthcare organizations face increasing pressure for cost control.
  • National shifts toward prospective pricing and managed care necessitate advanced financial strategies.
  • Traditional budgeting methods are insufficient in the current healthcare financial landscape.

Purpose of the Study:

  • To highlight the importance of precise statistical budgeting in healthcare.
  • To demonstrate the role of case-mix based budgeting in ensuring profitability.
  • To explore the utility of personal computers in facilitating this budgeting technique.

Main Methods:

  • The study focuses on the principles of statistical budgeting.
  • It emphasizes case-mix analysis for cost control.

Related Experiment Videos

  • It discusses the application of personal computer software (database and spreadsheet) for budgeting.

    • Main Results:

    • Precise statistical budgeting is an underutilized but vital cost-control technique.
    • Case-mix based budgeting is a key strategy for maintaining profitability under capped revenues.
    • Personal computers significantly enhance the efficiency and effectiveness of statistical budgeting.

    Conclusions:

    • Healthcare financial managers should adopt precise statistical budgeting.
    • Case-mix analysis is crucial for optimizing unit costs.
    • Technological tools like personal computers are essential for successful implementation.