A better approach to cost estimation.

  • Russ Richmond
  • Published 2013 in
    Healthcare financial management : journal of the…


Using ratios of costs to charges (RCCs) to estimate costs can cause hospitals to significantly over- or under-invest in service lines. A focus on improving cost estimation in cost centers where physicians have significant control over operating expenses, such as drugs or implants, can strengthen decision making and strategic planning. Connecting patient… (More)