Redefining Hospital Management: A Comprehensive Guide to Cost Determination

In today's healthcare landscape, hospitals have undergone a significant transformation, assuming the role of entrepreneurs due to the implementation of regulated market competition. With this new role comes a set of new challenges, such as optimizing the healthcare portfolio, devising marketing strategies, and establishing pricing for healthcare products. Meeting these evolving demands requires not only new skills from hospital management but also a reevaluation of the current management and control mechanisms and the tools needed to support them. One such tool is cost determination.

Unleashing the Potential of Cost Determination

Implementing cost determination practices in a hospital setting can be a daunting task, often met with resistance. This can be attributed to the sensitive, complex, and extensive nature of the subject. Unlocking the full potential of cost determination, therefore, necessitates a thorough approach. This book explores the topic of cost determination from both a managerial and practical perspective. It begins by addressing the key developments that are shaping the hospital sector now and in the years to come, shedding light on their implications for hospital management.

A Pragmatic Approach: From Theory to Practice

Moreover, the book delves into the various ways in which cost determination can contribute to effective hospital governance. It offers practical insights and guidance for those directly involved in the cost determination process. Topics covered include selecting an appropriate cost model and application, establishing a project organization, and implementing an efficient administrative structure. Additionally, the book provides a step-by-step breakdown of the entire cost determination process, allowing readers to implement the methodology effectively.

Real-World Expertise

This comprehensive guide was developed with the input of numerous individuals from diverse healthcare organizations and disciplines. As a result, it seamlessly integrates current industry practices, economic theory, and real-world hospital operations, making it highly relevant and invaluable to healthcare professionals seeking to navigate the complexities of cost determination.