Value-Based Cost Management for Healthcare gives healthcare professionals a framework for linking quality, costs, processes, and outcomes. The framework is based on identifying and measuring value.
This framework is made actionable in a continuous improvement cycle system, which incorporates three proven, innovative financial tools - activity-based costing, value-added analysis, and cost-of-quality analysis.
Readers of this book will be able to:
* Show the connection between patient/customer satisfaction and the bottom line.
* Reduce cycle time by identifying and eliminating non-value-adding process steps.
* Shift costs from failure (non-value-adding) to appraisal, processing, and prevention (value-adding).
Numerous illuminating examples and figures are included.
