Department of Health Services, Avant-garde Health, USA
Commentary Article
The Use of Innovative Technologies to Accurately Measure Costs to Reduce Waste in Healthcare
Author(s): Ana Paula Beck da Silva Etges*, Harry Liu and Porter Jones
Digital health solutions that allow standardizing cost measurement processes provide the ability to scale cost accounting with minimal staffing. Such digital platforms enable the capability to manage costs in real-time, with real- world data, and use this information to deliver the most efficient and appropriate health care. One main contribution of adopting cutting-edge digital solutions with Time-driven Activity-Based Costing (TDABC) capabilities is the opportunity to benchmark care across other institutions and, consequently, drive actions to reduce waste. The next steps in measuring costs involve the quantification and dissemination of insights measured by the technology platform, and the consequent trust in shared data between all the stakeholders. .. View More»
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