How CostFlex’s Decision Support Tools for Hospitals Help Them Make Informed Decisions

By CostFlex | January 25, 2023

Hospitals around the country are struggling to survive. Some have filed for bankruptcy, and others have divested or closed certain…

Year in Review: 7 Healthcare Trends in 2022 You Might Have Missed

By CostFlex | December 16, 2022

As a healthcare provider, hospitals must worry about rising costs and increased expenses regarding supplies and labor. Adding to that…

How CAH Hospitals can use CostFlex Products for Cost Reimbursement Computation

By CostFlex | December 14, 2022

Many critical access hospitals (CAH) face challenges determining the actual reimbursements they will receive from Medicare and other cost-reimbursed accounts…

How to Classify Patients within Service Lines

By CostFlex | November 22, 2022

As a healthcare provider, you want to deliver the highest level of care to your patients while remaining profitable and…

3 Hospital Cost Accounting Best Practices You Need to Know

By CostFlex | October 25, 2022

The accounting side of the healthcare industry is a complex world of countless variables and competing methodologies on how best…

Top 4 Benefits of Activity Based Cost Accounting for Hospitals

By CostFlex | October 17, 2022

When determining which method of cost accounting to utilize, hospitals have a crucial choice on their hands. At first glance,…

What is Enterprise DSS Warehouse in Hospitals?

By CostFlex | September 26, 2022

Hospital cost accounting comes with many moving parts. You must gather information, organize it, analyze it, and determine areas of…

3 Reasons Why Service Line Cost Accounting in Hospitals is Crucial

By CostFlex | September 12, 2022

Healthcare needs are unpredictable, making accurate revenue calculation challenging for hospitals and other healthcare organizations. Other industries can build recurring…

Cost Accounting Essentials for Healthcare Organizations

By CostFlex | August 29, 2022

It is tough to turn a profit consistently with the razor-thin margins of the healthcare industry. To make matters more…

Top 3 Critical Revenue Cycle Management Software Features for Hospitals

By CostFlex | August 22, 2022

Doing things the old-fashioned way may sound like a return to a simpler time, but the reality is that the…