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

A cost allocation model for hospice

W R Bischoff

    Nursing Management
    |December 1, 1993
    PubMed
    Summary

    Nurses are increasingly managing healthcare costs. A new model helps allocate patient care expenses across 15 service components, improving financial transparency in nursing services.

    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

    21st century house call: the Internet and the World Wide Web.

    Holistic nursing practice·2000
    Same author

    The Nursing Work Force Beyond 2000 Project. The Greater Coastal Bend Region of Texas.

    The Journal of nursing administration·1997
    Same author

    The Internet and the World Wide Web.

    Advance for nurse practitioners·1997
    See all related articles

    Area of Science:

    • Healthcare Management
    • Nursing Economics
    • Cost Allocation

    Background:

    • Nurses are increasingly involved in financial aspects of healthcare.
    • Determining cost-effectiveness of nursing services is crucial.
    • Accurate cost allocation is essential for financial viability.

    Purpose of the Study:

    • To develop a model for allocating patient care costs.
    • To determine the cost-effectiveness of nursing product lines.
    • To provide a framework adaptable to various healthcare services.

    Main Methods:

    • A cost allocation model was developed.
    • Data from 52 patients receiving Medicare hospice benefits were used.
    • Costs were allocated across 15 service components in a home care setting.

    Main Results:

    • A functional model for allocating patient care costs was created.
    • The model demonstrated feasibility in a home care hospice environment.
    • The model identified cost drivers within nursing service lines.

    Conclusions:

    • The developed model can effectively allocate patient care costs.
    • This model is adaptable for diverse service lines with multiple components and providers.
    • Implementing this model can enhance financial management in nursing.

    Related Experiment Videos