Unique Features of Healthcare Sector
The process of implementing Costing Module starts with understanding the unique features of Healthcare Sector and the process flow of the business 1. About Patient
~ In a Hospital, Patient is the Customer and their number is large.
~ Nowadays payments on behalf of Patients are done through Medi-claim policies also.
~ Patients undergo different tests and treatments for which they have to be charged for various services utilized.
~ No two patients can be compared; even though they may have similar diagnosis. Because of age and health of the patients are different, the treatment will vary in terms of time and cost.
2. Different Specialties which are Revenue Streams independently and are also bundled,
3. Infrastructure Cost, Non-Technical, Support Service Costs are independent cost centers which are mostly fixed in nature.
Difficulties faced in implementing Costing System in Hospitals
~ Invoicing is done for the patient which may be identifiable with the Specialties but in the case of bundling it loses its identity.
~ Accounting Packages and also Finance module in ERP focus on transaction and report expenses to suit the requirement of Accounting Standards. Unless at the time of implementing ERP if Costing requirements are not defined according to Business requirements , integration becomes difficult.
~ Information is available in Silos and implementing a Costing system becomes difficult. Therefore most of the Hospitals struggle with computing the cost of products and services provided by them.
~ The inter-related and interdependency of processes makes cost management difficult.
Bu hikaye The Management Accountant dergisinin February 2021 sayısından alınmıştır.
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Bu hikaye The Management Accountant dergisinin February 2021 sayısından alınmıştır.
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