Standard cost accounting and productivity systems--an integrated approach

Today's hospital managers require management systems that provide better operational and financial information. The standard response to meeting this need for more sophisticated management information has been the implementation of a fragmented set of information systems products. The result of this has been that managers are getting inconsistent information on the performance of their operations. This article describes the approach taken to respond to the need for better information through the development and implementation of an integrated productivity management, cost accounting, and flexible budgeting system.