Group 15:

Costing by Absorption (Services) at the "Nueva Normalidad" Hospital

Instructions:

From the attached file IMAGE INTEGRAL EXERCISE, use ONLY the tab called
"Costs_Serv procedure" (tab 8) and develop in a Word document the following:

a. Cite 2 managerial decisions that you would adopt with the information built on the
medical procedure costs presented in order to improve institutional and departmental
management (each decision in 1/2 of a page duly argued).
b. Detail 2 corrective actions regarding the quality of the constructed information and
their possible improvements. (duly argued).
c. Give your opinion on the technical validity of the construction of the cost factor.

Development:
In the present exercise in the tab costs of services; we analyze the costs in Image the same
ones that possess a subdivision: in simple radiology, ultrasound, tomography, Magnetic
resonance, where we can realize a comparison of costs according to the complexity of the
examination having between the two that possess a major cost: tomography and magnetic
resonance and showing that the highest production in the Hospital Nueva Normalidad is in
a simple radiology of neck of 2 positions.

Management Decisions
1. The "New Normality" Hospital establishes a series of criteria for the cost of
imaging procedures, which are in accordance with national and international
accounting standards.
 The largest production at the Hospital Nueva Normalidad is in the area of simple
neck radiology of 2 positions, where we can make promotions on the cost of this
test for a limited time, so that the population continues to access it for the benefit
of the cost.
 To implement the suggested procedural costs, it is important to have strategies for
awareness raising, training and technical assistance in imaging processes.
 It is agreed that facilitating the understanding of the process through the use of
computer tools will contribute to the application of the costing methodology.
2. In order to maintain the validity of the image service of the Nueva Normalidad
Hospital, periodic reviews of the quality of the service provided will be carried out
 and, as required, updates will be made to strengthen the process in health
professionals or medical teams.

Corrective Actions
1.-Real identification of the standard factors of production in image for decision making
regarding the provision of its services and in case of not being so, to make the respective
corrections.

Determination of consumption standards and unit cost; that is to say, to make sure that the
time of attention is within the adequate time and assigning the costs correctly, always
bearing in mind that the result of this process is used as information for decision making.

Criteria:
- The cost factor is the change to the factor that will cause a change in the total cost
of a related cost object. To forecast total revenues and costs, an analysis of how the
combinations of revenue and cost factors affect them is included.