The COVID-19 pandemic has strained hospital revenue because of reduced patient volumes and expenses related to the virus. To improve their financial picture, organizations must make cost-reduction ...

Analyzing costs can help companies make strategic, financially sound decisions. Activity-based costing and absorption costing are two popular accounting methods that companies employ when evaluating ...

Calculating the true cost of care is essential for evidence-based medicine, reduced variation of care, and the new world of value-based purchasing. UPMC built its own tool for use across its 22 ...

The economy is always a hot topic, whether it’s a boom or a bust. While it moves in cycles, there are ways to help your company thrive amid the fluctuation. One of those, Justin Springer said, is an ...

Activity based costing (ABC) attempts to create the big picture-crystal-clear, full, and accurate-by painting assorted little pictures. ABC identifies the relationship between a business activity and ...

Value in Health, the official journal of ISPOR - the professional society for health economics and outcomes research, announced today the publication of results of a study suggesting that time-driven ...

At the Becker’s Hospital Review Annual Meeting in Chicago on May 10, Michael J. Goldberg, MD, MBA, of NorthShore University HealthSystem, explored endoscopy suite activity-based costing as an integral ...

Judging by the number of customer enquiries about it, we appear to be in the middle of another wave of enthusiasm for activity-based costing (ABC). In theory, ABC is a powerful analytical tool for ...

WEST LAFAYETTE, Ind. -- In the wake of corporate downsizing, massive layoffs and reorganization, companies are turning to a more efficient accounting system to help them further reduce costs and ...

Value in health care is defined as outcomes achieved per dollar spent, and understanding cost is critical to delivering high-value care. Traditional costing methods reflect charges rather than ...

Dubai, 11th May 2013 (WAM) -- Mattar Al Tayer, Chairman of the Board and Executive Director of the Roads and Transport Authority (RTA), has recently inaugurated the automated 'Takamul' system to ...

Applying the ASCO and European Society for Medical Oncology Value Frameworks to Nasopharyngeal Cancer Treatments: Is Adding Induction Chemotherapy or Adjuvant Chemotherapy to Concurrent ...