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

Cost management information improves financial performance.

G M Kis, G Bodenger

    Healthcare Financial Management : Journal of the Healthcare Financial Management Association
    |April 9, 1989
    PubMed
    Summary

    Effective cost management information provides flexible solutions for hospitals. This approach integrates strategic, operational, and financial factors to enhance planning, control costs, and improve financial performance.

    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

    Product-line performance reporting: a key to cost management.

    Healthcare financial management : journal of the Healthcare Financial Management Associationยท1987
    See all related articles

    Area of Science:

    • Healthcare Management
    • Financial Administration
    • Operations Research

    Background:

    • Hospitals face complex challenges requiring integrated solutions.
    • Traditional financial strategies may not address interdependencies between operational and strategic factors.
    • The need for adaptable and effective management information is critical in healthcare.

    Purpose of the Study:

    • To highlight the role of cost management information in addressing hospital challenges.
    • To emphasize the interconnectedness of strategic, operational, and financial issues in healthcare.
    • To demonstrate how cost management information can enhance hospital performance.

    Main Methods:

    • This study reviews the principles of cost management information systems.
    • It analyzes the integration of strategic, operational, and financial data.
    • The approach focuses on the application of this information for decision-making.

    Main Results:

    • Cost management information offers flexible and effective solutions for hospitals.
    • It facilitates a holistic understanding of interrelated strategic, operational, and financial issues.
    • Executives can leverage this information for improved planning and financial outcomes.

    Conclusions:

    • Implementing a cost management approach is vital for hospital success.
    • Cost management information empowers executives to enhance strategic planning and financial control.
    • This integrated approach leads to improved overall financial performance in healthcare settings.

    Related Experiment Videos