Discuss how healthcare providers and patients can benefit when cost is correlated with quality of the healthcare services provided.
Health Insurance, Managed Care and Reimbursement Methodologies Cost accounting is one of the most challenging areas in accounting to understand. “A cost accounting system is a system for recording, analyzing and allocating cost to the individual services provided to patients (e.g., medications, procedures, tests, room and board) (Becker’s Hospital Review, 2014). The healthcare industry has […]