Improving Hospital Accounting Using a Case-Mix Management System
Article Abstract:
The financial issues are a constant problem in delivering high-quality patient care in Canadian hospitals. There is no effective method of measuring cost implications of patient care used, at present. Kingston General Hospital evaluated several systems in use in Canadian and American hospitals. Finding them all insufficient, they worked to develop their own. Typically, there is no measurement of cost per unit of output. Cost per patient day, per cent occupancy and numbers of examinations have been used, but not effectively. None take account of acutely ill patients. A cost accounting system could be more useful. A medical management group reporting system would recognize diagnosis related groups (DRG's) which provide basis of effectiveness comparison. This plus severity indications, would provide a basis for measurement. At Kingston, four components of the reporting system are identified as product description, measure of product, costing of product and monitoring and controlling product costs. The three elements of costs are identified as hospitalization costs, accommodation costs and clinical care costs. The direct material and direct labor would be easier to quantify than overhead costs. Several benefits of the cost accounting system are listed, including both direct and indirect benefits.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1983
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Accounting through Windows: one company's struggle
Article Abstract:
ElectroAir Five Seasons was one of the first small companies in Canada to install an accounting system that is based on a local area network and that is compatible with Windows. The accounting solution, which runs under the Windows NT Server operating system, has tremendously helped the company in that it assisted it in re-engineering its business. The system has improved the timeliness of data, has reduced paper and processing time, and has helped ElectroAir change many of its processes.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1995
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Revcor's journey to aligning performance
Article Abstract:
Revcor established a peer review system that enabled staff to be evaluated by their supervisors and their staff as well as their suppliers and customers. This new system enabled the company to climb from number four to number one in the air moving products manufacturing industry.
Publication Name: Journal of Organizational Excellence
Subject: Business
ISSN: 1531-1864
Year: 2001
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