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Posts Tagged ‘Oracle Profitability & Cost Management’

How to Charge $546 for Six Liters of Saltwater

There was a recent article in the NY Times with this title that captures the essence of the current costing discussion.  One-liter IV bags normally contain nine grams of salt, less than two teaspoons. Much of it comes from a major Morton Salt operation in Rittman, Ohio, which uses a subterranean salt deposit formed millions […]

The Evolution of Healthcare Payment Systems

Terie McClintock, Director of Oracle Core at Perficient, recently wrote a blog on cost accounting and new reimbursement models: Costing systems need to be freed from the back room and become a relevant corner stone for preparing forecasts and capacity planning models that incorporate operational, statistical and financial data in one place to enable sound […]

Cost Accounting and New Reimbursement Models

The healthcare payment systems are evolving from simple pay-for-performance demonstration projects and never-event exclusions to Medicare value based purchasing, readmission restrictions, and bundled payments. Expenses also are under scrutiny and required accurate costing data. Costing systems need to be freed from the back room and become a relevant corner stone for preparing forecasts and capacity […]