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 ...

Do these two questions sound familiar? “What makes a good hospital or medical group cost accounting implementation?” and “What is important to know when one embarks in a hospital or medical group cost ...

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 ...

Although President Joe Biden’s American Rescue Plan Act of 2021 will benefit hospitals through its expansion of subsidies to private insurance coverage, forthcoming federal budget pressure from the ...

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

The Cost Accounting Standards Board, a group set up by Congress in 1970 to make sure federal contractors charge their costs appropriately, is finally making some progress in aligning its 19 cost ...

This paper examines the role of cost accounting in public financial management, focusing on budget credibility, performance-based budgeting, public procurement, and corruption detection. Despite ...

It's funny how quickly we adapt to new technology. Just a bit over two decades ago, Ken Olsen, the president of then-giant minicomputer vendor Digital Equipment Company, wondered, "Why would anyone ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.