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Health

Health

Health care institutions operate in highly volatile environment. The present trend of change is leading to an increase of competitiveness of the health care industry, an increase of health care needs, as well as a rise of expectations of patients and payers.
Situation on global markets, which is changing dynamically, the field of medical services included, makes managers to be forced to constantly seek new and effective methods and management tools. Basic knowledge of the management should be provided by cost information. Information obtained on the basis of traditional models of cost accounting - full cost accounting and variable cost accounting - are now insufficient. It is therefore important to apply such a costing model, which would help to provide useful information about the type and amount of used resources and reduction possibilities.
Activity Based Costing (ABC) is almost the only method which captures all types of expenditures and traces them to activities and then cost objects i.e. services, products, customers, channels, vendors, suppliers, etc. to give a systematic and comprehensive insight to managers to make informed decisions and manage performance.
This is what Experform does as easily as ABC. 

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