Hospital costing informs the development of classification systems and provides valuable information for pricing purposes to deliver patient care.
Hospital patient costing is essential for understanding the total costs involved in treating a patient including the services or products used.
National Hospital Cost Data Collection
A key output of IHACPA is the collection, validation, analysis and reporting of the National Hospital Cost Data Collection (NHCDC).
Australian Hospital Patient Costing Standards
The Australian Hospital Patient Costing Standards aims to provide direction for hospital patient costing through the development of standards for specific elements of the costing process and reporting requirements.
Costing studies are undertaken in areas of the NHCDC that are still in their infancy or when there is considerable stakeholder feedback to investigate the costing in a certain area with in the health system.