The Growing Importance of Cost Accounting for Hospitals

After completing this week’s readings, including The Growing Importance of Cost Accounting for Hospitals, describe the ways in which healthcare financial managers use financial resources and cost classifications to allocate indirect costs to direct costs when determining patient charges. Also, explain how utilization rates are related to volumes and revenue generation. Support your answer with scholarly resources.

After initial discussion look at peer 1 and 2 under files and respond to them.
Respond to two of your classmates, saying whether you agree with their assertion about which method of classifying costs would be most effective and why you agree or disagree.