To realize an effective cost control, a practical and accurate cost accounting system is indispensable in hospitals. In traditional cost accounting systems, the volume-based costing (VBC) is the most popular cost accounting method. In this method, the indirect costs are allocated to each cost object (services or units of a hospital) using a single indicator named a cost driver (e.g., Labor hour...

In implementing an activity-based costing (ABC) system the selection of cost drivers is a major issue since accuracy must be traded off against the complexity of the ABCsystem. On the one hand, a high accuracy in allocating overhead costs often requires a high number of cost drivers. On the other hand, a small number of cost drivers is desirable to achieve acceptable information cost and to mak...

BACKGROUND Understanding cost-drivers and estimating societal costs are important challenges for economic evaluation of health technologies in low- and middle-income countries (LMICs). This study assessed community experiences of health resource usage and perceived cost-drivers from a societal perspective to inform the design of an economic model for the Community Level Interventions for Pre-ec...

BACKGROUND: The pre-transplant period is complex and includes lots of procedures. The severity of liver disease predisposes to a high number of hospitalizations and high costs procedures. Economic evaluation studies are important tools to handle costs on the waiting list for liver transplantation. OBJECTIVE: The objective of the present study was to evaluate the total cost of the patient on ...

What are the drivers of retailers' prices and what, if any, are their financial consequences? The results of a large-scale quantitative analysis show that retail prices are mainly driven by pricing history (50%), acquisition costs (25%), and demand feedback (12.5%). In contrast to pricing history, demand-based pricing is associated with higher retailer (and manufacturer) financial performance. ...

OBJECTIVE This study examined 2-car crashes including one passenger car and one light truck (van, minivan, pickup truck, or sport utility vehicle) and investigated the likelihood of hospitalization, hospitalization charges, and the likelihood of fatality of an occupant by vehicle type differentiating between passengers and drivers. METHODS We used unique data from Minnesota's Crash Outcome Da...

PURPOSE The activity-based costing method was used to compute radiotherapy costs. This report describes the model developed, the calculated costs, and possible applications for the Leuven radiotherapy department. METHODS AND MATERIALS Activity-based costing is an advanced cost calculation technique that allocates resource costs to products based on activity consumption. In the Leuven model, a...