Modern Cost Accounting: Integrating Data from Institutional Facilities and Healthcare Providers

Learn more about the challenges of combining institutional and professional data and the opportunities that a robust cost accounting and decision support software solution can bring, including:

• Industry changes and trends impacting healthcare cost accounting
• Common data and systems features
• Special considerations needed for institutional billing and reimbursement
• Differences seen in professional service billing and reimbursement
• Professional data planning and cost accounting considerations

Understanding costs at the patient level has never been more important, but much of that data is trapped in systems outside the hospital — such as practice management systems.

A robust cost accounting and decision support software solution can incorporate data from multiple disparate systems, connecting health systems to a more complete picture of their costs. This is key to lowering costs, effective participation in alternative payment plans, and contract negotiations with payers.