Itemized point cost method in human resource cost accounting in medical service projects
Abstract Background The cost accounting of medical service projects forms the basis for disease cost accounting and DRG (Diagnosis-Related Groups) cost accounting. Among the various costs involved, human resources represent a significant portion and are highly complex, making their accurate accounti...
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| Format: | Article |
| Language: | English |
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BMC
2024-12-01
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| Series: | Cost Effectiveness and Resource Allocation |
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| Online Access: | https://doi.org/10.1186/s12962-024-00599-0 |
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| author | Yingqi Li Siyuan Liang Kui Qin Hongtong Su Peiyong Xia |
| author_facet | Yingqi Li Siyuan Liang Kui Qin Hongtong Su Peiyong Xia |
| author_sort | Yingqi Li |
| collection | DOAJ |
| description | Abstract Background The cost accounting of medical service projects forms the basis for disease cost accounting and DRG (Diagnosis-Related Groups) cost accounting. Among the various costs involved, human resources represent a significant portion and are highly complex, making their accurate accounting a critical and challenging aspect of cost accounting for medical service projects. Methods This paper introduces the itemized point cost (IPC) method, a novel cost accounting approach based on the RBRVS (Resource-Based Relative Value Scale) theory. It outlines the core concepts of “points” and “process steps” within the IPC framework and details its application in human cost accounting. An example of impacted tooth extraction in the stomatology department of Hospital A is used to illustrate the IPC method's implementation process. Findings A comparative analysis with activity-based costing and time-estimation costing methods shows that the IPC method is concise, practical, and operable. It is also aligned with the principles of cost-effectiveness. Conclusions The paper proposes strategies to promote the IPC method, including leveraging information technology, enhancing top-level design, and standardizing processes, to improve its adoption and effectiveness in medical cost accounting. |
| format | Article |
| id | doaj-art-23684f41628c41a8812f1cc8168cbfb0 |
| institution | Kabale University |
| issn | 1478-7547 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | BMC |
| record_format | Article |
| series | Cost Effectiveness and Resource Allocation |
| spelling | doaj-art-23684f41628c41a8812f1cc8168cbfb02024-12-22T12:28:14ZengBMCCost Effectiveness and Resource Allocation1478-75472024-12-0122111610.1186/s12962-024-00599-0Itemized point cost method in human resource cost accounting in medical service projectsYingqi Li0Siyuan Liang1Kui Qin2Hongtong Su3Peiyong Xia4Health Care Operation Management Research Center, Shanghai National Accounting InstituteShanghai University of International Business and EconomicsShanghai Shenkang Hospital Development Center, Shanghai Stomatological Hospital, Fudan UniversityShanghai National Accounting InstituteShanghai Shenkang Hospital Development Center, Shanghai Sixth People’s Hospital Affiliated to Shanghai Jiao Tong University School of MedicineAbstract Background The cost accounting of medical service projects forms the basis for disease cost accounting and DRG (Diagnosis-Related Groups) cost accounting. Among the various costs involved, human resources represent a significant portion and are highly complex, making their accurate accounting a critical and challenging aspect of cost accounting for medical service projects. Methods This paper introduces the itemized point cost (IPC) method, a novel cost accounting approach based on the RBRVS (Resource-Based Relative Value Scale) theory. It outlines the core concepts of “points” and “process steps” within the IPC framework and details its application in human cost accounting. An example of impacted tooth extraction in the stomatology department of Hospital A is used to illustrate the IPC method's implementation process. Findings A comparative analysis with activity-based costing and time-estimation costing methods shows that the IPC method is concise, practical, and operable. It is also aligned with the principles of cost-effectiveness. Conclusions The paper proposes strategies to promote the IPC method, including leveraging information technology, enhancing top-level design, and standardizing processes, to improve its adoption and effectiveness in medical cost accounting.https://doi.org/10.1186/s12962-024-00599-0Human costItemized point cost methodDelicacy managementRBRVS |
| spellingShingle | Yingqi Li Siyuan Liang Kui Qin Hongtong Su Peiyong Xia Itemized point cost method in human resource cost accounting in medical service projects Cost Effectiveness and Resource Allocation Human cost Itemized point cost method Delicacy management RBRVS |
| title | Itemized point cost method in human resource cost accounting in medical service projects |
| title_full | Itemized point cost method in human resource cost accounting in medical service projects |
| title_fullStr | Itemized point cost method in human resource cost accounting in medical service projects |
| title_full_unstemmed | Itemized point cost method in human resource cost accounting in medical service projects |
| title_short | Itemized point cost method in human resource cost accounting in medical service projects |
| title_sort | itemized point cost method in human resource cost accounting in medical service projects |
| topic | Human cost Itemized point cost method Delicacy management RBRVS |
| url | https://doi.org/10.1186/s12962-024-00599-0 |
| work_keys_str_mv | AT yingqili itemizedpointcostmethodinhumanresourcecostaccountinginmedicalserviceprojects AT siyuanliang itemizedpointcostmethodinhumanresourcecostaccountinginmedicalserviceprojects AT kuiqin itemizedpointcostmethodinhumanresourcecostaccountinginmedicalserviceprojects AT hongtongsu itemizedpointcostmethodinhumanresourcecostaccountinginmedicalserviceprojects AT peiyongxia itemizedpointcostmethodinhumanresourcecostaccountinginmedicalserviceprojects |