Cost reduction is a central goal in healthcare reform, and cost analysis a critical activity in healthcare organizations. Yet cost analysis is not simply identifying cost. Used appropriately, it assists managers in making decisions in areas like pricing, revenue planning, setting standard cost, capital investment, and marketing decisions. This course addresses cost management, traditional cost-funding methods, activity-based costing, price setting, and profit analysis.

Course objectives

  • Define the term “cost” for healthcare services
  • Differentiate the ways cost can be determined for healthcare services
  • Identify various methods for cost-allocation in healthcare organizations
  • Determine how costs are used to identify prices in healthcare organizations

Other courses in the program

Healthcare Finance - The Big Picture
Financial Accounting Concepts
Strategic Financial Issues
Managing Financial Resources
Looking to the Future

Six self-paced courses to help you make sense of today’s healthcare system - the fee includes all six courses and the exam.

Register now for HFMA Business of Health Care® Online Program.