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 ...

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 ...

Data alone does not serve many useful purposes. Processed data, however, results in the creation of information and knowledge. In order to develop effective AI solutions, making objective, consistent, ...

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. David Kindness is a Certified Public Accountant (CPA) and an expert in the ...

Having a firm grip on costs may seem like a fundamental practice, but after working within a reimbursement-based business model for so long, it hasn’t been a high priority for many healthcare provider ...

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.) ...

Activity-based costing (ABC) is an accounting method that allows businesses to gather data about their operating costs. Costs are assigned to specific activities—planning, engineering, or ...

The Peter G. Peterson Foundation reports that the U.S. allocates significantly more funds to fee-for-service healthcare than any other nation, nearly double the amount. Operating under a ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Robert Kelly is managing director of XTS Energy LLC, and has ...

There has always been a lot of discussion about which is the best approach to managing sales people, activity based management or results based management. For the record, I'm 100% in the results ...