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Related Experiment Videos

Cost control under the DRG system.

M A Helmi, S Burton

    Hospital & Health Services Administration
    |February 3, 1989
    PubMed
    Summary
    This summary is machine-generated.

    Hospitals now use prospective payment systems like diagnosis-related groups (DRG) to manage costs. This study presents a cost control system offering timely feedback to help hospitals identify and address financial variances for better cost management.

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    Area of Science:

    • Healthcare Management
    • Health Economics
    • Hospital Administration

    Background:

    • The shift from retrospective to prospective payment systems, such as diagnosis-related groups (DRG), necessitates enhanced cost control in hospitals.
    • Hospitals require effective systems to monitor and manage financial performance under new reimbursement models.

    Purpose of the Study:

    • To introduce and evaluate a cost control system for hospitals operating under a prospective payment system.
    • To provide timely feedback on hospital reimbursement status and identify areas needing cost management attention.

    Main Methods:

    • Development of a cost control system analyzing controllable, standard, and total variances.
    • Application and testing of the system within a hospital setting with available financial data.

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    Main Results:

    • The implemented system provided timely feedback on the hospital's reimbursement position.
    • The system successfully highlighted areas requiring attention for cost control.
    • Analysis of controllable, standard, and total variances was integral to the cost management process.

    Conclusions:

    • The proposed cost control system is feasible for the hospital industry.
    • This system offers a viable method for hospitals to gain better control over their costs.
    • Effective cost management is crucial for hospitals adapting to prospective payment systems.