Ch 12 provider cost-finding meth

Card Set Information

Author:
SummerXParadise
ID:
256573
Filename:
Ch 12 provider cost-finding meth
Updated:
2014-01-14 21:36:22
Tags:
h353
Folders:

Description:
H352 ch 12 vocab
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user SummerXParadise on FreezingBlue Flashcards. What would you like to do?


  1. Cost Object
    Anything for which costs are being estimated, such as a population, a test, a visit, a patient, or a patient day
  2. Cost-to change ratio
    A method to estimate costs that assumes that they are a certain percentage of charges (or reimbursements)
  3. Step-down Method
    A cost-finding method based on allocating costs that are not directly paid for to products or services to which payment is attached. The method derives its name from the stair-step pattern that results from allocating costs
  4. Allocation Base
    A statistic (e.g. square feet, number of full-time employees) used to allocate costs, based on its relationship to why the costs occurred.
  5. Fully allocated cost
    The cost of a cost object that includes both its direct costs and all other costs allocated to it
  6. Activity-Based
    A method to estimate costs of a service or product by measuring the costs of the activities it takes to produce that service or product
  7. Direct costs
    Costs that can be traced to a particular cost object
  8. Indirect costs
    Costs that cannot be traced to a particular cost object. Common indirect costs include: billing, rent, utilities, information services, and overhead. Typically, these costs are allocated to cost objects according to an accepted methodology (e.g. step-down method)
  9. Cost Driver
    That which causes a change in the cost of an activity

What would you like to do?

Home > Flashcards > Print Preview