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Related Experiment Videos

Successfully implementing a multihospital cost system.

D Burik, D L Marcellino

    Healthcare Financial Management : Journal of the Healthcare Financial Management Association
    |December 11, 1986
    PubMed
    Summary
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    Developing a cost accounting system for multihospital systems is complex. Accessible, accurate, and cost-effective data is crucial for healthcare managers to ensure organizational success and maintain a competitive edge.

    Area of Science:

    • Healthcare Management
    • Health Economics
    • Accounting Systems

    Background:

    • Multihospital systems face challenges in developing effective cost accounting systems.
    • Accessibility of cost data for all managers across institutions is a key requirement.
    • Accurate, cost-effective, and controlled data are vital for organizational success.

    Purpose of the Study:

    • To address the complexities of creating cost accounting systems for multihospital organizations.
    • To highlight the necessity of accessible and reliable cost data for healthcare management.
    • To underscore the role of robust accounting systems in maintaining competitive advantage.

    Main Methods:

    • This study focuses on the conceptual challenges and requirements for developing such systems.

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  • It emphasizes the need for data accessibility and control within a multihospital framework.
  • Analysis of existing problems in cost data management for healthcare systems.

    • Main Results:

    • Developing a cost accounting system for multihospital systems presents significant difficulties.
    • Easy access to cost data for all managers is a fundamental requirement.
    • Accurate, cost-effective, and controlled data are essential for competitive success.

    Conclusions:

    • Effective cost accounting systems are critical for the success of multihospital organizations.
    • Healthcare managers require readily available and reliable cost data.
    • Implementing robust cost accounting solutions is necessary to maintain a competitive edge in the healthcare industry.