Until now, cost accounting as a useful tool in hospital financial decision-making has been widely ignored. Although the RCC (ratio of cost to charges) approach still used by 70 percent of healthcare ...

Cost accounting may not be the most exciting way for a business owner to spend a Friday night. However, understanding the basics of cost accounting can help you track costs, increase profits, and ...

Costing is an accounting technique used to determine the exact expenses for materials, labor and overhead incurred in operations. Job order costing records the actual materials and labor expenses for ...

In light of major changes in motion regarding reimbursement and care delivery models, cost has become mission-critical for every hospital and healthcare delivery system. The movement from traditional ...

Cost accounting is a process that involves recording, analyzing, and reporting a company's expenses in detail. Unlike ...

Every month, UPMC’s top brass gathers to study three very important green, red and blue squiggly lines that bounce up and down and up again across the length of several charts. The lines represent the ...