METHOD AND SYSTEM FOR COST ANALYSIS AND BENCHMARKING IN THE HEALTHCARE INDUSTRY

摘要

The present invention is an accurate cost analysis system (100) and method for medical products and services, which has the ability to determine actual costs and profitability for all levels within a healthcare organization and which, unlike existing financial systems, employs terms and data familiar to healthcare providers. The system collects data from existing information systems (101) in a healthcare organization, and process the data into actionable information. The system utilizes real data collected from the production floor in order to enable decision-makers to analyze the true costs of procedures and services provided to their clients, and to develop business strategies to improve profit margins.