Activity-Based Costing's Time Has Come
Market trends like value-based arrangements, the growing buying power of patients, and the persisting COVID-19 pandemic are profoundly impacting providers’ bottom lines. As a result, knowing the actual cost of delivering care–one that considers the overhead including supplies, salaries, capital expenses and more–is critical for financial leaders to have an accurate understanding of the organization’s financial health.
To achieve this, healthcare finance leaders are turning to modern financial systems and tried and true activity-based costing models to calculate and manage the actual cost of care and services.
Read Sage Intacct’s white paper, Activity-Based Costing’s Time Has Come to learn more about how healthcare finance executives are using these proven, decades-old accounting models to more accurately calculate costs and make faster and more informed business decisions.