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Hospital cost accounting: who's doing what and why
T M Orloff1, C L Littell, C Clune
1Health Policy Research Division of SysteMetrics/McGraw-Hill, Washington, DC.
Health Care Management Review
|January 1, 1990
Summary
Hospitals are adopting advanced cost accounting methods due to changes in reimbursement from Medicare and other payers. A survey reveals the widespread adoption of these sophisticated financial management techniques.
Area of Science:
- Healthcare Management
- Health Economics
- Financial Accounting
Background:
- Medicare and third-party payers are shifting from cost-based reimbursement models.
- This transition necessitates more sophisticated financial management in hospitals.
- Hospitals face increasing pressure to accurately determine operational costs.
Purpose of the Study:
- To investigate the extent to which hospitals are implementing advanced costing techniques.
- To understand the impact of reimbursement changes on hospital financial operations.
- To survey hospital executives on their current cost accounting practices.
Main Methods:
- A survey was conducted among hospital executives.
- The survey focused on current cost accounting methodologies.
- Data was collected on the adoption of advanced costing techniques.
Main Results:
- A significant number of hospitals are moving towards advanced costing.
- Survey findings indicate a trend in the adoption of sophisticated cost accounting.
- Hospital executives report increased use of complex financial tools.
Conclusions:
- The shift in reimbursement policies is driving the adoption of advanced costing in hospitals.
- Hospitals are increasingly utilizing advanced techniques for financial operations.
- Further research can explore the specific benefits and challenges of these advanced methods.