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Related Experiment Videos

Development of a practical costing method for hospitals.

Pengyu Cao1, Shin-Ichi Toyabe, Kouhei Akazawa

  • 1Division of Information Science and Biostatistics, Department of Medical Informatics and Pharmaceutics, Niigata University Graduate School of Medical and Dental Sciences, Japan. caopeng@med.niigata-u.ac.jp

The Tohoku Journal of Experimental Medicine
|February 25, 2006
PubMed
Summary

A new simplified activity-based costing (S-ABC) method offers accurate and efficient hospital cost accounting. This approach reduces complexity compared to traditional volume-based costing (VBC) and activity-based costing (ABC) methods.

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Area of Science:

  • Healthcare Management
  • Accounting Systems
  • Cost Analysis

Background:

  • Effective cost control in hospitals necessitates accurate accounting systems.
  • Traditional volume-based costing (VBC) often yields inaccurate results due to simplified cost allocation.
  • Activity-based costing (ABC) provides greater accuracy but is complex and data-intensive.

Purpose of the Study:

  • To develop a simplified activity-based costing (S-ABC) method for more practical hospital cost accounting.
  • To reduce the complexity and workload associated with traditional ABC by minimizing cost drivers.
  • To validate the accuracy and efficiency of the S-ABC method in a hospital setting.

Main Methods:

  • Developed a simplified activity-based costing (S-ABC) method by reducing the number of cost drivers.

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  • Applied the S-ABC method to estimate the costs of laboratory tests.
  • Validated the S-ABC method using sample data from a physiological laboratory department.

    • Main Results:

    • The S-ABC method achieved accuracy comparable to the traditional ABC method, with a maximum difference of 2.64% in cost estimation.
    • The number of cost drivers was reduced from seven in ABC to four in S-ABC.
    • Effectiveness was confirmed through evaluation with additional physiological laboratory data.

    Conclusions:

    • The S-ABC method offers a practical and accurate alternative for hospital cost accounting.
    • It provides significant advantages over VBC and ABC by delivering accurate results with reduced complexity.
    • The S-ABC method simplifies cost accounting processes, making them more manageable for healthcare institutions.