Related Experiment Videos
Activity-based costing management in a private practice setting
1Knoxville Orthopedic Clinic, TN 37909, USA.
Medical Group Management Journal
|April 7, 1997
Abstract:
Activity-based costing is a method of calculating cost of a service, focusing on operations. It gives quick and tangible cost information to operations and financial managers. While this method has be used more in the manufacturing area, it is gaining acceptance in the medical practice. This article describes activity-based costing and illustrates how to start utilizing it in a practice.