Teaching cost accountability
September 1, 1999
Teaching cost accountability
Goal: To plan and maintain a unit supply and equipment budget.
• Issue reports that list all supplies, equipment, and actual utilization on a monthly and annual basis.
• Conduct monthly reviews of reports by the clinical team to identify opportunities for cost reduction.
• Post list of supplies and equipment used in the unit, along with individual prices.
• Consider new or different vendors and the elimination of items with little benefit to patients.
• Hold annual budget planning sessions with staff based on historical usage, projected changes in services, and cost increases.
• Require daily attention to unit supply costs by all staff members.
Source: CPM Resource Center, Grand Rapids, MI.
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