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Category: Cost Accounting

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Activity Based Costing in Hospitals: A Practical Guide to Accurate Costs and Better Decisions

March 31, 2026 CostFlex

Hospitals face persistent financial pressure from rising labor costs and reimbursement volatility to new transparency expectations and increasingly complex care…

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Posted in: Cost Accounting Filed under: Healthcare Solutions, Hospital Cost Accounting

3 Hospital Cost Accounting Best Practices You Need to Know

February 11, 2026 CostFlex

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

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Posted in: Blog, Cost Accounting Filed under: Cost Accounting, DDS Healthcare Software, Hospital Cost Accounting

How to Cost 340B Drugs Accurately

January 13, 2026 CostFlex

Accurately determining the cost of 340B drugs can be challenging for any hospital. One reason is that 340B drugs cost…

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Posted in: Blog, Cost Accounting Filed under: 340B Drugs, Costing Drugs

3 Reasons Why Service Line Cost Accounting in Hospitals is Crucial

December 16, 2025 CostFlex

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

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Posted in: Blog, Cost Accounting Filed under: Cost Accounting, Cost Accounting Software

The Growing Role of Cost Accounting in Healthcare

December 3, 2025 CostFlex

With healthcare systems generating enormous amounts of data, the need to manage operational and financial performance has never been more…

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Posted in: Blog, Cost Accounting Filed under: Cost Accounting, Hospital Cost Accounting

Top 4 Benefits of Activity Based Cost Accounting in Hospitals

November 13, 2025 CostFlex

Activity based cost accounting in hospitals is vital to your success. That’s why when determining which method of cost accounting…

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Posted in: Cost Accounting Filed under: Cost Accounting Software, Hospital Cost Accounting

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

November 10, 2025 CostFlex

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

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Posted in: Blog, Cost Accounting, Service Line Analysis Filed under: Patient Service Lines, Service Analysis Reporting

How CostFlex Empowers Small and Rural Healthcare Facilities with Smart Cost Accounting

October 14, 2025 CostFlex

Small and rural healthcare facilities often operate under intense financial pressure. Limited staffing and tight budgets make it difficult to…

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Posted in: Cost Accounting Filed under: Cost Accounting Software, Hospital Cost Accounting

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

October 13, 2025 CostFlex

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

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Posted in: Blog, Cost Accounting

Cost Accounting Essentials for Healthcare Organizations

October 6, 2025 CostFlex Leave a comment

It is challenging to consistently turn a profit in the healthcare industry, which operates on razor-thin margins. To make matters…

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Posted in: Blog, Cost Accounting Filed under: Hospital Cost Accounting, Total Cost Accounting

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  • CostFlex Systems, Inc. Participates in 2026 Alabama HFMA Annual Institute
  • Activity Based Costing in Hospitals: A Practical Guide to Accurate Costs and Better Decisions
  • 3 Hospital Cost Accounting Best Practices You Need to Know
  • How to Cost 340B Drugs Accurately
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