3 Hospital Cost Accounting Best Practices You Need to Know
The accounting side of the healthcare industry is a complex world of countless variables and competing methodologies on how best…
What is Enterprise DSS Warehouse in Hospitals?
Hospital cost accounting comes with many moving parts. You must gather information, organize it, analyze it, and determine areas of…
Cost Accounting Essentials for Healthcare Organizations
It is tough to turn a profit consistently with the razor-thin margins of the healthcare industry. To make matters more…
What Is the Cost of Your Patient’s Last Day of Stay?
To gain an accurate picture of their profit-to-loss ratio, hospitals must accurately evaluate their costs. One of the most important—and…
How to Cost 340B Drugs Accurately
For any hospital, accurately determining the cost of 340B drugs can be challenging. One reason for this is that 340B…
How CostFlex’s Decision Support Tools for Hospitals Help Them Make Informed Decisions
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
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
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
As a healthcare provider, you want to deliver the highest level of care to your patients while remaining profitable and…
Top 4 Benefits of Activity Based Cost Accounting for Hospitals
When determining which method of cost accounting to utilize, hospitals have a crucial choice on their hands. At first glance,…