Document Detail

Strategic cost accounting helps create a competitive edge.
MedLine Citation:
PMID:  10338797     Owner:  NLM     Status:  MEDLINE    
The way healthcare cost allocation is conducted has changed radically over the past three decades. Although government regulations have required the step-down allocation method be used for determining Medicare payments, this method is limited in its ability to generate relevant cost data needed for management decision making and effective managed care contract rate negotiation. Deriving such data depends on using appropriate cost drivers and allocation methods. Of the four method, that may be used to allocate the costs of health are organization service departments to revenue departments--the direct method, the step-down method, the double-apportionment method, and the reciprocal method--the reciprocal method is the most sophisticated and may provide the most accurate representation of costs.
D T Meeting; R O Harvey
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Publication Detail:
Type:  Journal Article    
Journal Detail:
Title:  Healthcare financial management : journal of the Healthcare Financial Management Association     Volume:  52     ISSN:  0735-0732     ISO Abbreviation:  Healthc Financ Manage     Publication Date:  1998 Dec 
Date Detail:
Created Date:  1999-01-29     Completed Date:  1999-01-29     Revised Date:  2000-12-18    
Medline Journal Info:
Nlm Unique ID:  8215859     Medline TA:  Healthc Financ Manage     Country:  UNITED STATES    
Other Details:
Languages:  eng     Pagination:  42-8, 50-1     Citation Subset:  H    
HMG Healthcare Services, Inc., Hudson, OH, USA.
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MeSH Terms
Accounting / methods*
Cost Allocation / methods*,  statistics & numerical data
Data Collection
Data Interpretation, Statistical
Decision Support Systems, Management
Financial Management, Hospital / methods*,  statistics & numerical data
Hospital Departments / economics*
Medicare Part A
Models, Econometric
United States

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine

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