Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services)

n today's competitive environment, accurate costing information is crucial for all kinds of businesses, especially in services industry. Argued to be superior to the traditional costing management system, Activity-Based Costing system (ABC) has increasingly attracted the attention of practition...

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Main Author:	Cheow, Jen Hurn
Format:	Thesis
Language:	English
Published:	2011
Subjects:	HB Economic Theory
Online Access:	http://ir.unimas.my/id/eprint/9050/1/Cheow%20Jen%20Hurn%20ft.pdf
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id	my-unimas-ir.9050
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spelling	my-unimas-ir.90502023-05-08T03:29:08Z Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services) 2011 Cheow, Jen Hurn HB Economic Theory n today's competitive environment, accurate costing information is crucial for all kinds of businesses, especially in services industry. Argued to be superior to the traditional costing management system, Activity-Based Costing system (ABC) has increasingly attracted the attention of practitioners and researchers alike as one of the strategic tools to aid managers for better decision making in various industry. The benefits of ABC system and its impacts on companies' performance have motivated numerous empirical studies on ABC system to private healthcare servic0 This case study was performed aiming at applying the Activity-based Costing method in a hemodialysis center in support its pricing strategies and also management decision making. Among the services industries, healthcare provider is one of the business that most resource consuming component. The private healthcare's are looking for a way to stay competitive in an environment where the share of indirect costs increase in the cost structure. ABC defines the costs in terms of an organization's processes or activities and determines cost associated with significant activities or event. ABC able indicates the direct and indirect cost a very detail. The ABC able to teU the management of private healthcare services the most accurate cost where related to the services or activities provided to the customers. The information provided by the ABC method has optimized the overall understanding of the cost driver process and provided the foundation for assessing performance and improvement in the hemodialysis services. ABC also can adapt to other hospital services in order to make decision in pricing and resource management. In the competitive business world, attractive pricing able to lead the market share. Universiti Malaysia Sarawak, (UNIMAS) 2011 Thesis http://ir.unimas.my/id/eprint/9050/ http://ir.unimas.my/id/eprint/9050/1/Cheow%20Jen%20Hurn%20ft.pdf text en validuser masters Universiti Malaysia Sarawak, (UNIMAS) Faculty of Economics and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Cheow, Jen Hurn Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services)
description	n today's competitive environment, accurate costing information is crucial for all kinds of businesses, especially in services industry. Argued to be superior to the traditional costing management system, Activity-Based Costing system (ABC) has increasingly attracted the attention of practitioners and researchers alike as one of the strategic tools to aid managers for better decision making in various industry. The benefits of ABC system and its impacts on companies' performance have motivated numerous empirical studies on ABC system to private healthcare servic0 This case study was performed aiming at applying the Activity-based Costing method in a hemodialysis center in support its pricing strategies and also management decision making. Among the services industries, healthcare provider is one of the business that most resource consuming component. The private healthcare's are looking for a way to stay competitive in an environment where the share of indirect costs increase in the cost structure. ABC defines the costs in terms of an organization's processes or activities and determines cost associated with significant activities or event. ABC able indicates the direct and indirect cost a very detail. The ABC able to teU the management of private healthcare services the most accurate cost where related to the services or activities provided to the customers. The information provided by the ABC method has optimized the overall understanding of the cost driver process and provided the foundation for assessing performance and improvement in the hemodialysis services. ABC also can adapt to other hospital services in order to make decision in pricing and resource management. In the competitive business world, attractive pricing able to lead the market share.
format	Thesis
qualification_level	Master's degree
author	Cheow, Jen Hurn
author_facet	Cheow, Jen Hurn
author_sort	Cheow, Jen Hurn
title	Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services)
title_short	Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services)
title_full	Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services)
title_fullStr	Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services)
title_full_unstemmed	Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services)
title_sort	effective cost management: applying activity - based costing in private healthcare - (haemodialysis services)
granting_institution	Universiti Malaysia Sarawak, (UNIMAS)
granting_department	Faculty of Economics and Business
publishDate	2011
url	http://ir.unimas.my/id/eprint/9050/1/Cheow%20Jen%20Hurn%20ft.pdf
_version_	1783728006804537344

Effective cost management: Applying activity - based costing in private healthcare - (haemodialysis services)

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