Costing and Managerial Accounting

Strategy, technology and tactics for sustainable performance improvement

Results of a recent survey, in which hospital and health system leaders described areas where their organizations have the greatest need for performance improvement, point to four key strategic areas of focus for these leaders.

Kermit Randa, MHA, FACHE November 22, 2019

6 key opportunities to optimize revenue with strategic pricing

Strata Decision Technology breaks down how providers can set defensible, geographically-sensitive prices that can be made visible to consumers without concern of backlash.

Strata Decision Technology November 11, 2019

Why hospitals are struggling to make headway improving cost accounting capabilities

Hospital executives say results of a new HFMA study are true: A range of higher-profile priorities, including simple survival, has kept their organizations from improving their cost-accounting abilities for almost a decade.

Rich Daly July 2, 2019

Activity-Based Costing: When to Walk and When to Run

A modified approach to activity-based costing can balance an organization’s desire for operational excellence with its need for repeatable, low-maintenance solutions.

Catherine Savage, CPA May 30, 2019

Bundle up: Developments in BPCI Advanced

Rich Daly interviews Michael Wolford, a senior manager at DHG Healthcare, about the early results of Bundled Payments for Care Improvement Advanced. Also, five reasons why health systems will need advanced cost accounting in a segment sponsored by Strata Decision Technology.

Erika Grotto May 30, 2019

Introducing a Road Map for Advanced Cost Accounting

HFMA President and CEO Joe Fifer discusses the new cost accounting model launched as a collaboration between HFMA and Strata Decision Technology.

Joseph J. Fifer, FHFMA, CPA February 26, 2019

Toward a More Effective Way of Validating Cost Data

Although there are no industry standards for measuring costing accuracy, financial analysts can take steps to ensure the cost number accurately reflects to the true cost of an item.

Paul Selivanoff, CPA February 26, 2019

CAHs and Cost Reports

A critical access hospital’s cost of delivering care to Medicare patients is estimated using the cost accounting data that these Medicare-certified institutions submit annually to CMS via Medicare cost reports.

HFMA January 23, 2019

The Use of ABC for Indirect Expenses

There is a potential connection between the use of the idea of activities with respect to patient-level costing to activity-based costing (ABC) and its variant time-driven activity-based costing (TDABC).

HFMA December 26, 2018

Understanding Why Hospital Costs Are Increasing: It Depends on the Metrics

An analysis of factors driving increases in payment in the U.S healthcare industry, using Equivalent Discharges as the volume metric, finds that 84 percent of the increase are related to increased population and intensity of service.

William O. Cleverley, PhD November 28, 2018
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