3 Simplified Hospital Case Costing Methods [Infographic]

By Stephen Manna. Posted Feb 08, 2019 in Academy, Business Intelligence

While it may seem like a daunting task, assessing your hospital's profitability can help you streamline operations and work toward improved financial outcomes. And with rising regulatory reporting costs and the risk of government penalties, knowing where your organization stands financially is crucial. But how do you go about getting an accurate depiction of your hospital costs? 

Implementing a case costing solution is a great way to better price the products and services that your organization provides while identifying areas for cost savings. So, to help you get started with your case costing journey, we've highlighted three common hospital case costing methodologies in the infographic below. 

CostAccountingInfographic_v2-1 


WEBINAR: 

Thursday, February 26, 2019
1 p.m. ET | 12 p.m. CT | 10 a.m. PT

WATCH A DEMO AND LEARN ABOUT MEDISOLV

Does your hospital struggle to cut through the data noise?
 
In this 20-minute demo, we will show you how our analytics software can easily help hospitals make sense of their EHR data to track and improve readmissions, ED throughput and cost:
 
  • See how a wide range of departments, including quality, clinical ED and billing, can easily view, track and analyze data.
  • Watch how quickly you can build customized reports that can be shared with management on a weekly, monthly or custom basis.
  • Learn about our clinical expert guidance.

Register

Tags:
,
Stephen Manna

Stephen Manna

Quality Education Straight To Your Inbox

Sign up for our Academy to receive one educational email per week.

Resource Downloads
     
Medisolv Academy Courses

eCQMs 101 eCourse

Get started with electronic clinical quality measures (eCQMs) with this 101 course covering the basics of understanding eCQMs.

START eCOURSE

 

Understanding MIPS eCourse

In this course you’ll learn the basics of the Quality Payment Program (QPP) and the specifics of what’s required for successful completion of MIPS.

START eCOURSE

 

Cost Accounting eCourse

This basic course will explain to you how to get cost accounting system set up quickly in your hospital.

START eCOURSE