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 ...

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 ...

Activity-Based Costing (ABC), and its evolution in the form of Time-Driven Activity-Based Costing (TDABC), has become a pivotal framework in healthcare management. By allocating costs according to the ...

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 ...

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 is an improved method for allocating overhead costs. Instead of using one factor for cost allocation, this new method focuses on different aspects of the production process and ...

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 ...

Activity-based Costing (ABC) techniques have been the focus of many research studies in recent years. ABC techniques were originally developed for use in highly automated discrete-part manufacturing ...

One of the seminal challenges of our healthcare profession is to measure actual costs in real time. All payers (e.g. the Centers for Medicare & Medicaid Services, employers, consumers/patients, etc.) ...

By: J. Chirenda, B. Nhlema Simwaka, C. Sandy, K. Bodnar, S. Corbin, P. Desai, T. Mapako, S. Shamu, C. Timire, E. Antonio, A. Makone, A. Birikorang, T. Mapuranga, M ...

Popat, Keyuri, Kelly Ann Gracia, Alexis B. Guzman, and Thomas W. Feeley. "Using Time-Driven Activity-Based Costing to Model the Costs of Various Process-Improvement Strategies in Acute Pain Management ...

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 ...