financial manag w6
1
Departmental Costing and Cost Allocation + Service Line Costing & Pricing
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Cost overruns and extraordinary spending by healthcare organizations harms the sustainability of the healthcare organization. Through activity-based costing (ABC), the healthcare industry is working to combat disproportionally rising costs to GDP in the United States (HealthCatalyst, 2018). Read Service Lines and Activity-Based Costing Reveal True Cost of Care for UPMC, available at:
https://www.healthcatalyst.com/success_stories/activity-based-costing-in-healthcare-upmc and discuss how activity-based costing can be used to mitigate rising costs and the change in patient perception. Use research to support your statement in your few paragraph original discussion post. Once you have completed your post, review the link of at least two of your peers.