Cost accounting in healthcare pdf

It seems Gapenski acknowledged the increasingly important role cost accounting is likely to play in the healthcare market

The most recent update of his widely-used textbook on health care finance and accounting included much-expanded coverage of techniques for estimating costs at the product or service level

It goes on to suggest that hospitals have not adopted sophisticated cost accounting systems because characteristics of the hospital industry make the costs of doing so high and the benefits of service-level cost information relatively low

However, changes in insurance benefit design are creating incentives for patients to compare hospital prices

In Polish hospitals there are clear standards for cost accounting which can be used to report information on costs and to correctly price health care services

Medical activities of hospitals are very diverse because of the existence of different types of entities and a variety of services