1.
Healthc Financ Manage
; 68(6): 84-8, 2014 Jun.
Article
in English
| MEDLINE
| ID: mdl-24968630
ABSTRACT
Cleveland Clinic partnered with Harvard Business School to conduct a pilot project to explore the differences between time-driven activity-based costing (TDABC) and relative value unit costing. The goal was to determine whether TDABC could improve the accuracy of cost information and identify value-improvement opportunities for two types of heart-value procedures. Using TDABC, leaders gained a detailed look into process steps that could be consolidated, reduced, or performed with a lower cost mix of personnel.