VIE Healthcare Cost Accounting in Healthcare

Cost Accounting for a Value-Based System

Gone are the days of traditional fee-for-service models, when hospitals could freely decide on charges and negotiate appropriate reimbursements.  Today, value-based payment models are on the rise, and corresponding price transparency requires that hospitals get a firm handle on their costs.  As Kurt Ulman of Healthcare Finance News writes, this requires “cost accounting on steroids.”

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