3 Hospital Cost Accounting Best Practices You Need to Know

By CostFlex | June 2, 2023

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?

By CostFlex | May 10, 2023

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

By CostFlex | May 1, 2023

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

Cost of Your Patient’s Last Day of Stay

What Is the Cost of Your Patient’s Last Day of Stay?

By CostFlex | April 10, 2023

To gain an accurate picture of their profit-to-loss ratio, hospitals must accurately evaluate their costs. One of the most important—and…

Cost 340B Drugs

How to Cost 340B Drugs Accurately

By CostFlex | February 8, 2023

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

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…

Benefits of Activity Based Cost Accounting for Hospitals

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,…