WK5DC

Required Resources

Required Text

1. Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed). Sudbury, MA: Jones & Bartlett Learning.

· Chapter 14: Cost Concepts and Decision Making

· This chapter discusses ways to classify cost and the four major categories of cost.  Five general types of cost behavior, three methods of cost allocation along with break even calculation are also examined.

· Chapter 15: Product Costing

· This chapter discusses the existing needs for cost information in healthcare firms and ho cost information relates to three key activities of management.  Three main phases of costing process and the two systems necessary to accurately cost healthcare encounters of care are also examined.

· Chapter 17: Cost Variance Analysis

· This chapter focuses on cost control concepts including two major theories used for cost control. Cost variance analysis and how that is used by management are examined.

LearnScape Simulation

1. Jones & Bartlet Learning. Healthcare Finance LearnScape [Access Code]. Sudbury, MA: Jones & Bartlett Learning.

 

Recommended Resources

Article

1. Milliken, A. (2010).  Use of volume variance– variance demand analysis in planning strategy formulation.  The Journal of Business Forecasting, 29(1), 4.  Retrieved from the ProQuest database.

Textbook PowerPoint Presentation

1. Chapter 14 Cost Concepts and Decision Making

2. Chapter 15 Product Costing

3. Chapter 17 Cost Variance Analysis

4. HFMA PowerPoint Presentation Internal Controls