Ch 12 provider cost-finding meth
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Anything for which costs are being estimated, such as a population, a test, a visit, a patient, or a patient day
Cost-to change ratio
A method to estimate costs that assumes that they are a certain percentage of charges (or reimbursements)
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
A statistic (e.g. square feet, number of full-time employees) used to allocate costs, based on its relationship to why the costs occurred.
Fully allocated cost
The cost of a cost object that includes both its direct costs and all other costs allocated to it
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
Costs that can be traced to a particular cost object
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)
That which causes a change in the cost of an activity
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