Cost Accounting is an accepted method in the healthcare industry for economically and accurately tracing the consumption of a health system’s resource expenses (e.g., labor, supplies) to treatments, procedures, and patients. In a value-focused healthcare system, providers need a rational system for assigning so-called nontraceable expenses that are consumed to their origin.
This course is designed to teach cost accounting methodologies and apply those techniques to the hospital and health system setting. This is done using a combination of healthcare-focused lecture, discussion, real-world examples, and hands-on labs. Those who are responsible for designing, implementing, or maintaining cost accounting systems would gain the most from this course. However, other attendees who would like to understand the benefits and nuances of Service Line Profitability reporting could also gain from this course.
Attendees who complete this course successfully will be able to: