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Related Experiment Videos

Cost analysis for procedure comparisons.

E A Trowers1, S C Batra, J Buessler

  • 1Texas Tech University Health Sciences Center, Department of Internal Medicine, Lubbock 79430, USA.

Medical Group Management Journal
|October 5, 1995
PubMed
Summary
This summary is machine-generated.

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Activity-based costing revealed significant cost reductions for new colorectal cancer screening methods and patient follow-up. This approach optimized time and expenses in the Gastroenterology (GI) Clinic and Endoscopy Lab.

Area of Science:

  • Health Economics
  • Gastroenterology
  • Cost Analysis

Background:

  • Healthcare systems face increasing pressure to optimize resource allocation and reduce costs.
  • Efficient patient management and screening are crucial for effective colorectal cancer (CRC) care.
  • Activity-based costing (ABC) offers a framework for detailed cost analysis in clinical settings.

Purpose of the Study:

  • To evaluate the potential cost reduction of implementing a new office routine for colorectal cancer screening.
  • To assess the cost-effectiveness of a new surveying and follow-up protocol for at-risk patients.
  • To apply the activity-based costing methodology to quantify financial benefits in a clinical setting.

Main Methods:

  • The study utilized activity-based costing (ABC) as a conceptual framework.

Related Experiment Videos

  • Cost analysis was performed on a novel instrument for colorectal cancer screening.
  • A new surveying and follow-up process for at-risk patients was evaluated.

    • Main Results:

    • Significant reductions in time and associated costs were observed within the Gastroenterology (GI) Clinic.
    • The G.I Endoscopy Lab also demonstrated substantial cost savings.
    • Implementation of the new screening instrument and follow-up protocols proved cost-effective.

    Conclusions:

    • Activity-based costing is a viable methodology for identifying cost efficiencies in healthcare.
    • New approaches to colorectal cancer screening and patient follow-up can lead to significant financial benefits.
    • Optimized workflows in GI clinics and endoscopy labs contribute to overall healthcare cost reduction.