Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Activity-based costing management in a private practice setting.

M Carlomagno1, V Draper

  • 1Knoxville Orthopedic Clinic, TN 37909, USA.

Medical Group Management Journal
|April 7, 1997
PubMed
Summary

Activity-based costing (ABC) provides tangible operational cost insights for managers. This method, gaining traction in medical practices, offers a way to calculate service costs by focusing on specific activities.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Phage anti-immunocomplex assay for clomazone: two-site recognition increasing assay specificity and facilitating adaptation into an on-site format.

Analytical chemistry·2010
Same author

The implications of domestic violence for home care providers.

Home care provider·2002
Same author

Survey of blindness and visual impairment in Bioko, Equatorial Guinea.

The British journal of ophthalmology·2002
Same author

The implications of domestic violence for home care providers.

International journal of trauma nursing·2000
Same author

An immunoaffinity-purified Trypanosoma cruzi antigen suppresses cellular proliferation through a TGF-beta-mediated mechanism.

Scandinavian journal of immunology·1998
Same author

The flagellar fraction of Trypanosoma cruzi depleted of an immunosuppressive antigen enhances protection to infection and elicits spontaneous T cell responses.

Parasite immunology·1996

Area of Science:

  • Healthcare Management
  • Operations Research
  • Financial Accounting

Background:

  • Activity-based costing (ABC) is an accounting method that identifies activities in an organization and assigns the cost of each activity to all products and services.
  • Traditionally used in manufacturing, ABC is increasingly recognized for its applicability in service-oriented industries.
  • Accurate cost allocation is crucial for financial decision-making and operational efficiency in healthcare.

Purpose of the Study:

  • To describe the principles and methodology of activity-based costing.
  • To illustrate the practical application of ABC in a medical practice setting.
  • To highlight the benefits of ABC for healthcare financial and operations managers.

Main Methods:

  • Explanation of the core concepts of activity-based costing.
  • Step-by-step guide on implementing ABC in a medical practice.
  • Case study or examples demonstrating ABC in action within healthcare.

Main Results:

  • ABC provides detailed and accurate cost information for medical services.
  • Implementation allows for better understanding of cost drivers within a practice.
  • Financial and operations managers gain actionable insights for cost control and resource allocation.

Conclusions:

  • Activity-based costing is a valuable tool for enhancing financial management in medical practices.
  • Adoption of ABC can lead to improved operational efficiency and profitability.
  • Healthcare organizations should consider implementing ABC to optimize cost accounting.

Related Experiment Videos