Activity based cost accounting is a forensic tool and cost is the evidence left behind from clinical variation we are learning to use that evidence to influence practice changes that will positively impact clinical outcomes between 2007 and 2014 us healthcare costs per capita increased . Activity based cost accounting is a powerful managerial tool for todays medical practice no one can accurately predict the future of the health care industry but the physicians and administrators who understand the business of their medical practices will be able to react most intelligently as circumstances change. Activity based costing abc helps to overcome these challenges by identifying the correlation between a specific activity and the resources required to execute that activity and then determining the cost of those resources. This is the first ever how to text for activity based costing abc and activity based management abm applied in health care with this textbook you will instruct students to use the same innovative flexible abc tools used by top industrial managers to improve product efficiency. Activity based costing abc is one of the new methods began appearing as a costing methodology in the 1990s it calculates cost price by determining the usage of resources in this study abc method was used for calculating cost price of remedial services in hospitals
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