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Related Experiment Videos

Cost finding for high-technology, high-cost services: current practice and a possible alternative

S A Finkler

    Health Care Management Review
    |January 1, 1980
    PubMed
    Summary

    Hospital cost finding evolved from horizontal to vertical systems. The vertical system better addresses rising costs and inflation by focusing on program-specific expenses.

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    Area of Science:

    • Healthcare Administration
    • Health Economics

    Background:

    • Traditional horizontal hospital cost finding methods became insufficient due to escalating healthcare costs and inflation.
    • The need for more granular cost analysis emerged to accurately reflect expenses.

    Purpose of the Study:

    • To explain the shift from horizontal to vertical hospital cost finding systems.
    • To highlight the advantages of the vertical system in addressing contemporary financial challenges in hospitals.

    Main Methods:

    • Comparative analysis of horizontal and vertical cost-finding methodologies.
    • Literature review on healthcare cost accounting evolution.

    Main Results:

    • The horizontal system, while once efficient, is now inadequate for current hospital financial landscapes.

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  • The vertical system offers a more program-oriented approach, aligning costs with specific services or products.

    • Conclusions:

    • The vertical cost-finding system is better suited to meet the demands of modern healthcare economics.
    • Adapting cost-finding strategies is crucial for hospitals managing rising operational costs and inflation.