Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Principles of cost analysis

T S Vitez1

  • 1Department of Anesthesiology, Emory University School of Medicine, Atlanta, GA.

Journal of Clinical Anesthesia
|September 1, 1994
PubMed
Summary
This summary is machine-generated.

Financial strategies in medicine are shifting due to reimbursement changes. Cost-benefit and cost-effective analyses are now crucial for anesthesia groups to understand their financial value and secure their position in healthcare.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Setting performance standards for an anesthesia department.

Journal of clinical anesthesia·1998
Same author

Hospital costs and severity of illness in three types of elective surgery.

Anesthesiology·1997
Same author

Fuzzy logic: theory and medical applications.

Journal of cardiothoracic and vascular anesthesia·1996
Same author

Where are the costs in perioperative care? Analysis of hospital costs and charges for inpatient surgical care.

Anesthesiology·1995
Same author

How to critically evaluate an anesthesia practice: lessons from the American Society of Anesthesiologists.

International anesthesiology clinics·1992
Same author

A model for quality assurance in anesthesiology.

Journal of clinical anesthesia·1990

Area of Science:

  • Health economics
  • Medical finance
  • Anesthesiology

Background:

  • Reimbursement changes are impacting revenue-based strategies in medicine.
  • Cost-benefit and cost-effective analyses are gaining importance as financial tools.
  • Misunderstanding of cost analysis principles exists in anesthesia literature.

Purpose of the Study:

  • To review the principles of cost analysis in the context of anesthesia.
  • To highlight the importance of cost analysis for anesthesia groups.
  • To address the misapplication of cost analysis terminology in the field.

Main Methods:

  • Literature review of anesthesia cost analysis.
  • Discussion of financial tools and strategies in healthcare.
  • Analysis of current evidence on healthcare expenditures.

Related Experiment Videos

Main Results:

  • Anesthesia costs represent a small fraction of overall healthcare expenditure challenges.
  • Accurate application of cost analysis is essential for financial viability.
  • Revenue-based strategies are becoming less effective.

Conclusions:

  • Anesthesia groups must develop cost analysis capabilities.
  • Understanding and applying cost-benefit and cost-effective analyses is vital for future success.
  • Cost analysis is key for anesthesia groups to maintain their role in healthcare.