Understanding Time-driven Activity-based Costing.
Publication/Presentation Date
3-1-2016
Abstract
Transitioning to a value-based health care system will require providers to increasingly scrutinize their outcomes and costs. Although there has been a great deal of effort to understand outcomes, cost accounting in health care has been a greater challenge. Currently the cost accounting methods used by hospitals and providers are based off a fee-for-service system. As resources become increasingly scarce and the health care system attempts to understand which services provide the greatest value, it will be critically important to understand the true costs of delivering a service. An understanding of the true costs of a particular service will help providers make smarter decisions on how to allocate and utilize resources as well as determine which activities are nonvalue added. Achieving value will require providers to have a greater focus on accurate outcome data as well as better methods of cost accounting.
Volume
29
Issue
2
First Page
62
Last Page
65
ISSN
2380-0194
Published In/Presented At
Sharan, A. D., Schroeder, G. D., West, M. E., & Vaccaro, A. R. (2016). Understanding Time-driven Activity-based Costing. Clinical spine surgery, 29(2), 62–65. https://doi.org/10.1097/BSD.0000000000000360
Disciplines
Business Administration, Management, and Operations | Health and Medical Administration | Management Sciences and Quantitative Methods
PubMedID
26889988
Department(s)
Administration and Leadership
Document Type
Article