Activity-Based Costing’s Time Has Come

Most healthcare providers lack precise knowledge of the cost of delivering patient care, with fewer than 10% of hospitals using advanced cost accounting systems capable of generating accurate data. This gap in financial insight is increasingly critical as several emerging trends put pressure on healthcare organizations.

As the industry shifts toward value-based care, where financial risk is shared, healthcare organizations must adopt sophisticated cost accounting to remain competitive and manage within budgets. 

This white paper discusses how embracing activity-based costing is fundamental for quality improvement and cost control.