RESUMO
PURPOSE: To analyze the implementation and benefits of time-driven activity-based costing (TDABC) in the field of orthopaedic surgery. METHODS: We performed a search of PubMed, Google Scholar, and Embase in March 2020, using the following terms: "Time-Driven Activity-Based Costing," "TDABC," "Orthopaedic Surgery," and "Cost." Then we selected the studies that used the TDABC methodology to generate costs for a particular aspect of orthopaedic surgery. The included studies were divided into the following 5 main categories for ease of analysis: joint arthroplasty, trauma, hand, electronic medical record (EMR) implementation, and pediatric. We analyzed the overall ability of TDABC in the field of orthopaedic surgery, compared to the standard costing methods. RESULTS: We included a total of 19 studies that implemented the TDABC methodology to generate a cost, which was compared to traditional accounting methods. The orthopaedic subspecialty with the most amount of TDABC implementation has been the field of joint arthroplasty. In these studies, the authors have noted that TDABC has provided a more granular breakdown of costs and has calculated a lower cost compared with traditional accounting methods. CONCLUSION: TDABC is a powerful cost analysis method that has demonstrated benefit over the activity-based costing (ABC) approach in determining a lower and more accurate cost of orthopaedic procedures. Furthermore, the TDABC method generates an average cost reduction of $10,000 and $12,000 for total hip arthroplasty and total knee arthroplasty, respectively. CLINICAL RELEVANCE: TDABC can allow health care administration to better determine and understand the cost drivers of particular orthopaedic procedures at their institutions. With improved estimates on the true cost of an activity, hospital administrators and department chairs can adjust to ensure cost-effective, patient-centered health care.
Assuntos
Contabilidade/economia , Custos de Cuidados de Saúde , Procedimentos Ortopédicos/economia , Reconstrução do Ligamento Cruzado Anterior/economia , Humanos , Fatores de TempoRESUMO
Making and justifying capital expenditures can be a difficult part of a supervisory or managerial position. Understanding some basic tools for making estimates and calculating values can help simplify this process. Breaking down some of the most common accounting methods into a six-step, intuitive process allows everyone, even those with little or no accounting background, to use and understand the results of these tools. Accounting tools can seem complex when they are first used, but after walking through them step-by-step and practicing them, they can become an essential tool in working with executives and other administrators.
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Contabilidade/economia , Gastos de Capital , Serviço Hospitalar de Radiologia/economia , Radiologia/economia , Contabilidade/métodos , Humanos , Estados UnidosRESUMO
The Affordable Care Act's medical loss ratio (MLR) regulation requires insurers to spend 80 percent or 85 percent of premiums on medical claims and quality improvements. In 2011, insurers falling below this minimum paid more than $1 billion in rebates. This brief examines how insurers spend their premium dollars--particularly their investment in quality improvement activities--focusing on differences among insurers based on corporate traits. In the aggregate, insurers paid less than 1 percent of premiums on either MLR rebates or quality improvement activities in 2011, with amounts varying by insurer type. Publicly traded insurers had significantly lower MLRs in each market segment (individual, small group, and large group), and were more likely to owe a rebate in most segments compared with non-publicly traded insurers. The median quality improvement expenditure per member among nonprofit and provider-sponsored insurers was more than the median among for-profit and non-provider-sponsored insurers.
Assuntos
Contabilidade/economia , Contabilidade/legislação & jurisprudência , Administração Financeira/economia , Administração Financeira/legislação & jurisprudência , Seguro Saúde/economia , Seguro Saúde/legislação & jurisprudência , Patient Protection and Affordable Care Act/economia , Patient Protection and Affordable Care Act/legislação & jurisprudência , Melhoria de Qualidade/economia , Melhoria de Qualidade/legislação & jurisprudência , Mecanismo de Reembolso/economia , Mecanismo de Reembolso/legislação & jurisprudência , Setor de Assistência à Saúde/economia , Setor de Assistência à Saúde/legislação & jurisprudência , Humanos , Estados UnidosRESUMO
THE BULK OF 401(K) ASSETS CONTINUED TO BE INVESTED IN STOCKS: On average, at year-end 2011, 61 percent of 401(k) participants' assets was invested in equity securities through equity funds, the equity portion of balanced funds, and company stock. Thirty-four percent was in fixed-income securities such as stable-value investments and bond and money funds. SEVENTY-TWO PERCENT OF 401(K) PLANS INCLUDED TARGET-DATE FUNDS IN THEIR INVESTMENT LINEUP AT YEAR-END 2011: At year-end 2011, 13 percent of the assets in the EBRI/ICI 401(k) database was invested in target-date funds and 39 percent of 401(k) participants held target-date funds. Also known as lifecycle funds, these funds are designed to offer a diversified portfolio that automatically rebalances to be more focused on income over time. MORE NEW OR RECENT HIRES INVESTED THEIR 401(K) ASSETS IN BALANCED FUNDS, INCLUDING TARGET-DATE FUNDS: For example, at year-end 2011, 51 percent of the account balances of recently hired participants in their 20s was invested in balanced funds, compared with 44 percent in 2010, and about 7 percent in 1998. A significant subset of that balanced fund category is target-date funds. At year-end 2011, 40 percent of the account balances of recently hired participants in their 20s was invested in target-date funds, compared with 35 percent at year-end 2010. 401(K) PARTICIPANTS CONTINUED TO SEEK DIVERSIFICATION OF THEIR INVESTMENTS: The share of 401(k) accounts invested in company stock remained at 8 percent in 2011. This share has fallen by more than half since 1999. Recently hired 401(k) participants contributed to this trend: They tended to be less likely to hold employer stock. PARTICIPANTS' 401(K) LOAN ACTIVITY REMAINED STEADY, ALTHOUGH LOAN BALANCES INCREASED SLIGHTLY IN 2011: At year-end 2011, 21 percent of all 401(k) participants who were eligible for loans had loans outstanding against their 401(k) accounts, unchanged from year-end 2009 and year-end 2010, and up from 18 percent at year-end 2008. Loans outstanding amounted to 14 percent of the remaining account balance, on average, at year-end 2011, unchanged from year-end 2010. Loan amounts outstanding increased slightly from those at year-end 2010. THE YEAR-END 2011 AVERAGE ACCOUNT BALANCE IN THE DATABASE WAS 2.2 PERCENT LOWER THAN THE YEAR BEFORE, BUT MAY NOT ACCURATELY REFLECT THE EXPERIENCE OF TYPICAL 401(K) PARTICIPANTS IN 2011: To understand changes in 401(k) participants' average account balances, it is important to analyze a sample of consistent participants. As with previous EBRI/ICI updates, analysis of a sample of consistent 401(k) participants (those that have been in the same plan since 2003) is expected to be published in 2013.
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Contabilidade/economia , Investimentos em Saúde/economia , Pensões/estatística & dados numéricos , Alocação de Recursos/economia , Aposentadoria/economia , Adulto , Bases de Dados Factuais , Humanos , Investimentos em Saúde/tendências , Pessoa de Meia-Idade , Alocação de Recursos/estatística & dados numéricos , Salários e Benefícios/economia , Salários e Benefícios/tendências , Estados Unidos , Adulto JovemRESUMO
Corporate governance is the way of governing a firm in order to increase its accountability and to avoid any massive damage before it occurs. The aim of this paper is to investigate the impact of capital structure, firms' size, and competitive advantages of firms as control variables on credit ratings. We investigate the role of corporate governance in improving the firms' credit rating using a sample of Jordanian listed firms. We split firms into four categories according to WVB credit rating. We use both the binary logistic regression (LR) and the ordinal logistic regression (OLR) to model credit ratings in Jordanian environment. The empirical results show that the control variables are strong determinants of credit ratings. When we evaluate the relationship between the governance variables and credit ratings, we found interesting results. The board stockholders and board expertise are moderately significant. The board independence and role duality are weakly significant, while board size is insignificant.
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Contabilidade/economia , Corporações Profissionais/economia , Comércio/economia , Comércio/organização & administração , Jordânia , Modelos Econômicos , Cultura Organizacional , Corporações Profissionais/organização & administraçãoRESUMO
Background. The current study aims to characterize and explore trends in Open Payments Database (OPD) payments reported to orthopaedic foot and ankle (F&A) surgeons. OPD payments are classified as General, Ownership, or Research. Methods. General, Ownership, and Research payments to orthopaedic F&A surgeons were characterized by total payment sum and number of transactions. The total payment was compared by category. Payments per surgeon were also assessed. Median payments for all orthopaedic F&A surgeons and the top 5% compensated were calculated and compared across the years. Medians were compared through Mann-Whitney U tests. Results. Over the period, industry paid over $39 million through 29,442 transactions to 802 orthopaedic F&A surgeons. The majority of this payment was General (64%), followed by Ownership (34%) and Research (2%). The median annual payments per orthopaedic F&A surgeon were compared to the 2014 median ($616): 2015 ($505; P = .191), 2016 ($868; P = .088), and 2017 ($336; P = .084). Over these years, the annual number of compensated orthopaedic F&A surgeons increased from 490 to 556. Averaged over 4 years, 91% of the total orthopaedic F&A payment was made to the top 5% of orthopaedic F&A surgeons. The median payment for this group increased from $177 000 (2014) to $192 000 (2017; P = .012). Conclusion. Though median payments to the top 5% of orthopaedic F&A surgeons increased, there was no overall change in median payment over four years for all compensated orthopaedic F&A surgeons. These findings shed insight into the orthopaedic F&A surgeon-industry relationship.Levels of Evidence: III, Retrospective Study.
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Tornozelo/cirurgia , Compensação e Reparação , Bases de Dados Factuais , Pé/cirurgia , Indústrias/economia , Procedimentos Ortopédicos/educação , Cirurgiões Ortopédicos/economia , Sistema de Pagamento Prospectivo/economia , Contabilidade/economia , Declarações Financeiras/economia , Humanos , Estudos Retrospectivos , Estados UnidosRESUMO
In today's ever-changing business climate, reproductive health specialists are realizing that financial fluency is key to growing and maintaining a successful practice. Although financial fundamentals such as accounting may seem complex, both academic and private practice reproductive specialists who understand these topics can benefit in making business decisions for their practices. We describe the key financial fundamentals that reproductive health specialists should know, including basic concepts of finance and accounting, payments and receivables, capital budgeting, and business planning, and interpreting balance sheets, income statements, and cash-flow statements.
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Contabilidade , Comércio , Administração Financeira/organização & administração , Medicina Reprodutiva , Contabilidade/economia , Contabilidade/organização & administração , Orçamentos/organização & administração , Orçamentos/normas , Comércio/economia , Comércio/organização & administração , Administração Financeira/economia , Declarações Financeiras/economia , Declarações Financeiras/organização & administração , Humanos , Renda , Medicina Reprodutiva/economia , Medicina Reprodutiva/organização & administraçãoRESUMO
BACKGROUND: Appropriate pricing for medical services of not-for-profit hospital is necessary. The prices should be fair to the public and should be high enough to cover the operative costs of the organization. OBJECTIVE: The purpose of this study was to determine the cost and unit cost of medical services performed at the Mohs and Dermasurgery Unit (MDU), Department of Dermatology, The University of Texas-MD Anderson Cancer Center, Houston, TX from the healthcare provider's perspective. METHODS: MDU costs were retrieved from the Financial Department for fiscal year 2006. The patients' statistics were acquired from medical records for the same period. Unit cost calculation was based on the official method of hospital accounting. RESULTS: The overall unit cost for each patient visit was $673.99 United States dollar (USD). The detailed unit cost of nurse visit, new patient visit, follow-up visit, consultation, Mohs and non-Mohs procedure were, respectively, $368.27, $580.09, $477.82, $585.52, $1,086.12 and $858.23 USD. With respect to a Mohs visit, the unit cost per lesion and unit cost per stage were $867.89 and $242.30 USD respectively. CONCLUSIONS: Results from this retrospective study provide information that may be used for pricing strategy and resource allocation by the administrative board of MDU.
Assuntos
Dermatologia/economia , Unidades Hospitalares/economia , Cirurgia de Mohs/economia , Neoplasias Cutâneas/economia , Neoplasias Cutâneas/cirurgia , Contabilidade/economia , Contabilidade/métodos , Gastos de Capital , Enfermagem em Saúde Comunitária/economia , Custos e Análise de Custo/economia , Custos e Análise de Custo/métodos , Seguimentos , Gastos em Saúde , Hospitais Universitários/economia , Humanos , Encaminhamento e Consulta/economia , Alocação de Recursos/economia , Alocação de Recursos/métodos , Estudos Retrospectivos , Neoplasias Cutâneas/enfermagem , Retalhos Cirúrgicos/economia , Texas , TailândiaRESUMO
This final rule applies to the Temporary Assistance for Needy Families (TANF) program and requires States, the District of Columbia and the Territories (hereinafter referred to as the "States") to use the "benefiting program" cost allocation methodology in U.S. Office of Management and Budget (OMB) Circular A-87 (2 CFR part 225). It is the judgment and determination of HHS/ACF that the "benefiting program" cost allocation methodology is the appropriate methodology for the proper use of Federal TANF funds. The Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) of 1996 gave federally-recognized Tribes the opportunity to operate their own Tribal TANF programs. Federally-recognized Indian tribes operating approved Tribal TANF programs have always followed the "benefiting program" cost allocation methodology in accordance with OMB Circular A-87 (2 CFR part 225) and the applicable regulatory provisions at 45 CFR 286.45(c) and (d). This final rule contains no substantive changes to the proposed rule published on September 27, 2006.
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Contabilidade/métodos , Alocação de Custos/métodos , Financiamento Governamental/economia , Assistência Pública/economia , Contabilidade/economia , Criança , Controle de Custos/métodos , Família , Financiamento Governamental/legislação & jurisprudência , Humanos , Assistência Pública/legislação & jurisprudência , Governo Estadual , Fatores de Tempo , Estados UnidosAssuntos
Contabilidade/economia , Contas a Pagar e a Receber , Financiamento Pessoal/economia , Programas Nacionais de Saúde/economia , Crédito e Cobrança de Pacientes/economia , Contabilidade/legislação & jurisprudência , Financiamento Pessoal/legislação & jurisprudência , Alemanha , Humanos , Programas Nacionais de Saúde/legislação & jurisprudência , Crédito e Cobrança de Pacientes/legislação & jurisprudênciaAssuntos
Contabilidade/economia , Contabilidade/normas , Contas a Pagar e a Receber , Auditoria Financeira/normas , Classificação Internacional de Doenças/economia , Classificação Internacional de Doenças/normas , Medicare/economia , Administração da Prática Médica/economia , Administração da Prática Médica/normas , Tabela de Remuneração de Serviços/economia , Tabela de Remuneração de Serviços/normas , Humanos , Reembolso de Seguro de Saúde/economia , Reembolso de Seguro de Saúde/normas , Estados UnidosAssuntos
Administração Financeira/economia , Administração da Prática Odontológica/economia , Contabilidade/economia , Orçamentos , Controle de Custos , Redução de Custos , Recursos Humanos em Odontologia/organização & administração , Administração Financeira/organização & administração , Humanos , Michigan , Objetivos OrganizacionaisAssuntos
Contabilidade , Medicina de Família e Comunidade/economia , Visita Domiciliar/economia , Seguro Saúde/economia , Contabilidade/economia , Adolescente , Criança , Aconselhamento/economia , Grupos Diagnósticos Relacionados/economia , Medicina de Família e Comunidade/legislação & jurisprudência , Alemanha , HumanosRESUMO
In the absence of billing data, alternative methods are used to estimate the cost of hospital stays, outpatient visits, and treatment innovations in the U.S. Department of Veterans Affairs (VA). The choice of method represents a trade-off between accuracy and research cost. The direct measurement method gathers information on staff activities, supplies, equipment, space, and workload. Since it is expensive, direct measurement should be reserved for finding short-run costs, evaluating provider efficiency, or determining the cost of treatments that are innovative or unique to VA. The pseudo-bill method combines utilization data with a non-VA reimbursement schedule. The cost regression method estimates the cost of VA hospital stays by applying the relationship between cost and characteristics of non-VA hospitalizations. The Health Economics Resource Center uses pseudo-bill and cost regression methods to create an encounter-level database of VA costs. Researchers are also beginning to use the VA activity-based cost allocation system.
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Interpretação Estatística de Dados , Custos de Cuidados de Saúde/estatística & dados numéricos , Modelos Econométricos , United States Department of Veterans Affairs/economia , Contabilidade/economia , Contabilidade/métodos , Viés , Coleta de Dados/métodos , Pesquisa sobre Serviços de Saúde/métodos , Humanos , Tempo de Internação/economia , Avaliação das Necessidades , Análise de Regressão , Mecanismo de Reembolso/economia , Reprodutibilidade dos Testes , Estados Unidos , United States Department of Veterans Affairs/estatística & dados numéricos , Carga de TrabalhoRESUMO
This article reports how we matched Common Procedure Terminology (CPT) codes with Medicare payment rates and aggregate Veterans Affairs (VA) budget data to estimate the costs of every VA ambulatory encounter. Converting CPT codes to encounter-level costs was more complex than a simple match of Medicare reimbursements to CPT codes. About 40 percent of the CPT codes used in VA, representing about 20 percent of procedures, did not have a Medicare payment rate and required other cost estimates. Reconciling aggregated estimated costs to the VA budget allocations for outpatient care produced final VA cost estimates that were lower than projected Medicare reimbursements. The methods used to estimate costs for encounters could be replicated for other settings. They are potentially useful for any system that does not generate billing data, when CPT codes are simpler to collect than billing data, or when there is a need to standardize cost estimates across data sources.
Assuntos
Assistência Ambulatorial/economia , Current Procedural Terminology , Interpretação Estatística de Dados , Custos de Cuidados de Saúde/estatística & dados numéricos , United States Department of Veterans Affairs/economia , Contabilidade/economia , Contabilidade/métodos , Assistência Ambulatorial/estatística & dados numéricos , Orçamentos , Centers for Medicare and Medicaid Services, U.S. , Pesquisa sobre Serviços de Saúde/métodos , Humanos , Medicare/economia , Medicare/estatística & dados numéricos , Avaliação das Necessidades , Mecanismo de Reembolso/economia , Escalas de Valor Relativo , Estados Unidos , United States Department of Veterans Affairs/estatística & dados numéricosRESUMO
Cost identification is fundamental to many economic analyses of health care. Health care costs are often derived from administrative databases. Unit costs may also be obtained from published studies. When these sources will not suffice (e.g., in evaluating interventions or programs), data may be gathered directly through observation and surveys. This article describes how to use direct measurement to estimate the cost of an intervention. The authors review the elements of cost determination, including study perspective, the range of elements to measure, and short-run versus long-run costs. They then discuss the advantages and drawbacks of alternative direct measurement methods such as time-and-motion studies, activity logs, and surveys of patients and managers. A parsimonious data collection effort is desirable, although study hypotheses and perspective should guide the endeavor. Special reference is made to data sources within the Department of Veterans Affairs (VA) health care system.