ExactCost® ABC is a powerful Cost and Profitability Analysis tool for healthcare providers.
ExactCost® ABC (Activity-Based Costing) is designed to accurately define costs and provide healthcare managers with the tools they need to improve operations and lower costs.
With the ability to determine the
actual cost and profitability of all its deliverables, each Patient Care unit can become an individual Profit Center. A “unit” can be a Laboratory division such as: Hematology or Microbiology; a Radiology division, such as: MRI, CT Scan, or Ultrasound; a Surgical Unit, such as: Cardio-Thoracic or Orthopedic surgery; or an individual workstation, such as: Hitachi 911, CD 4000.
Some examples of uses include:
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· Determine the true cost of performing procedures and delivering healthcare services. |
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· Perform simulation analyses (“what if” scenarios) and make informed decisions with reliable data. |
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· Identify key products and resources based on the 80/20 rule (Pareto principle). |
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· Quickly and easily generate and monitor activity-based budgets. |
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· Justify the purchase of new capital equipment. |
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· Evaluate in/out-sourcing opportunities. |
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· Perform internal and external benchmarking. |
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· Evaluate historical workloads and operational data to improve resource utilization. |
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· Identify opportunities for cost savings, and quality improvement. |
