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.

Accounting and auditing, Hospitals, Cost accounting

---

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.

Heating Equipment (except Warm Air Furnaces) Manufacturing, Heating equipment, except electric, Air Conditioners NEC, Heating Equip NEC, Heating equipment, Cover Story, Information management, Air conditioning equipment, ElectroAir Five Seasons

---

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.

United States, Refrigeration & Air Conditioning Eqp, Human resource management, Cooling systems, Revcor Inc.

Similar abstracts:

• Abstracts: Coordinating Cash, Credit Management Speeds Export Collections. NCCMA Plan to Certify Cash Managers Gets Mixed Reactions
• Abstracts: Moving towards understanding. Cooper Bearings: the story of a management buy-in. The key to understanding your market
• Abstracts: Improving marketing accountability through better management of the market research process. Improving customer orientation within the fresh meat supply chain: a focus on assurance schemes
• Abstracts: EU membership brings structural investment. Surging ahead: alternative investment market
• Abstracts: On modeling cross sectional distributions of financial ratios. The financial effects of takeover: accounting rates of return and accounting regulation

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.