HCS/577 DISCUSSION QUESTION - 26401

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Edwinesj
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1-    What type of cost measurements best fit in health care and which do not? How do cost measurement techniques vary with regard to the operating budget, capital budget, and variance analysis?

2-    Variance between budget projections and budget performance is inevitable. Is a proactive application of cost measurement and corrective actions a realistic approach to minimize variance? Justify your answer with examples.

Solution Description

Week 5

1-    What type of cost measurements best fit in health care and which do not? How do cost measurement techniques vary with regard to the operating budget, capital budget, and variance analysis?

One of the cost measurements that best fit in health care is indirect cost.  The reason that indirect cost fit better is because in a health care organization most departments have to share some of the costs. For example in m