Question

Have you had to manage from a cost center type of report? If so, how was it categorized? Do you believe that grouping expenses by diagnoses and procedures (based on type of services provided) is better to use for control and planning than grouping expenses by care setting (based on location of service provided)? If so, why?

Answer 1

Cost reporting is a process used to inform a client (or other party) about the magnitude of a construction project’spredicted, or actual cost. This can be expressed either in absolute terms or as a variance compared to the project budget.
there are different cateyof cost, fixed , variable and sunk cost

for controlling and planning the health care ecpenses included,

Understand and focus on the key drivers of staffing and productivity problem

Ensure cost-reduction targets are integrated with organizational plans and budgets

Use internal and external benchmarks to identify possible sources of saving

Drill down on staffing methods.