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NON-TRADITIONAL ACCOUNTING METHODS KNOWN IN THE BUSINESS COMMUNITY BUT NOT USED IN HOSPITALS OR HEALTH CARE ORGANIZATIONS
By Dr. David Edward Marcinko; MBA CMP® CPHQ
SPONSOR: http://www.CertifiedMedicalPlanner.org
Sooner or later – as a practicing physician – you will want to ascertain and then demonstrate the cost effectiveness of your medical care. By using the process of Activity Based Cost (ABC) Management, you will be able to do so.
ALAS: But, if you’re using a traditional accounting system – like most all hospitals today that use the fictional “average wholesale cost” method – you won’t know a thing about your medical practice or clinic activity costs. Hence, again like most all hospitals, fees become simply vacuous.
Here’s how: https://medicalexecutivepost.com/2007/12/15/activity-based-cost-medical-management/
HOW TO READ A SCIENTIFIC PAPER: https://medicalexecutivepost.com/2021/04/09/how-to-read-and-understand-a-scientific-paper/
DETAILED WHITE PAPER–IN-PROGRESS [thru editing but before peer-reviewed publication]: https://healthcarefinancials.files.wordpress.com/2007/12/abcm.pdf
ASSESSMENT: Your thoughts are appreciated.
ORDER TEXTBOOK: https://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750/ref=sr_1_9?s=books&ie=UTF8&qid=1287563112&sr=1-9
THANK YOU
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Filed under: Accounting, CMP Program, Health Economics, Healthcare Finance, Practice Management | Tagged: activity based accounting, Certified Medical Planner™, CMP Program, cost accounting, David Edward Marcinko, managerial accountihng |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Activity Based Cost Accounting
Dr. David Edward Marcinko MBA
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