Tracking costs back to business benefits
Tracking costs back to business benefits from a unit economics perspective involves understanding the cost and revenue associated with each unit of product or service provided by a healthcare organization and using this information to optimize business decisions.
To achieve this, healthcare organizations need to develop a clear understanding of their unit economics by identifying the cost of providing each unit of service, and the revenue generated from each unit. This information can be used to calculate KPIs such as cost per patient encounter, revenue per patient encounter, and gross margin per patient encounter.
By tracking these KPIs over time, healthcare organizations can identify which services or patient segments are the most profitable, and where there may be opportunities to increase profitability by reducing costs or increasing revenue. This information can then be used to optimize business decisions, such as pricing strategies...
