Cost Management - Part 2 Flashcards
What are the 4 types of cost categories
Direct medical cost
Direct non-medical cost
Indirect cost
Tangible cost
What are the 4 alternative methods of categorization
Health cost care sector
Cost to other sectirs
Patient and family cost
Productivity cost
Alternative method tha tincludes medical resources or costs that is comparable with direct medical cost
Health care sector cost
Alternative method that is treatment impact other than non-healtcare sectors
Cost to other sectors
The alternative method that is defined as all cost incurred by the patient and family
Patient and family cost
Productivity cost is similar to indirect cost in economics. T/F
True
What are the estimation sources of the four common direct medical categories
Medications
Medical services
Personnel costs
Hospitalization
Used to improve study compatibility to estimate medicatiob costs
Medication
It includes visits to the doctors office as well as out patient
Medical services
Perspective of the study is that of the provider
Personnel
4 methods of estimating hospital cost
Per diem
Disease specific per diem
Diagnosis related group
Micro-costing
The least precise method of estimating cost
Per diem
More precise to estimate cost per day of specific diseases
Disease specific per diem
Method used to classify clinically cohesive diagnoses
Diagnosis related groups
The most precise method of estimating hospital cost
Micro-costing
