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  2. Cost Accounting-Describe the ways in which healthcare financial managers use financial resources and cost classifications to allocate indirect costs to direct costs when determining patient charges. Also, explain how utilization rates are related to volumes and revenue generation. Support your answer with scholarly resources.

Cost Accounting-Describe the ways in which healthcare financial managers use financial resources and cost classifications to allocate indirect costs to direct costs when determining patient charges. Also, explain how utilization rates are related to volumes and revenue generation. Support your answer with scholarly resources.

Cost Accounting

After completing this week’s readings, including The Growing Importance of Cost Accounting for Hospitals, describe the ways in which healthcare financial managers use financial resources and cost classifications to allocate indirect costs to direct costs when determining patient charges. Also, explain how utilization rates are related to volumes and revenue generation. Support your answer with scholarly resources.


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