Description:
How much should we charge for a service? How do I
re-design my operations to respond to falling prices? What are the best
practices in target costing, case rate development, and unit cost
management?
If you ask yourself any of these questions, this
intense one-day seminar is for you. You will be exposed to different
models and best practices in target costing, activity-based cost
management, and value engineering, and work through case studies of actual
financial scenarios.
Contact Hours: 6.0
What you will learn:
- Develop an understanding of target costing tools & their use in the planning process.
- Identify issues in determining and tracking unit cost - the key to successful target costing.
- Learn how to use value engineering to reduce costs and maintain service levels and quality.
Who should attend?
- Chief executive officers
- Chief financial officers
- Financial & accounting managers
- Clinical program directors
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Event Agenda
Registration 8:00 AM
Session 1
Service Line Analysis as a Tool for Understanding Service Profitability
- An Approach to Determining the Profit/Loss of Your Services
- Using Target Costing as a Strategic Analytical Tool
- Strategic Decisions in Service-Line Analysis
- A Service-Line Analysis Case Study
Session 2
Using a Target Cost Model to Understand, Manage & Improve Your Unit Cost Process
& Productivity Management
- Approaches to Identifying Unit Costs & Comparing Them to Market Prices
- The 5 Key Questions of Value Engineering
- Process Reengineering to Facilitate Reductions in Unit Cost
Session 3
The Role of Information Technology (IT) in Managing Service Costs
- Incorporating IT in Strategy Development
- Opportunities to Use Technology in Service Delivery Process Management
- Return-On-Investment Modeling
Session 4
Target Costing, Value Engineering & Case Rate Development: An Interactive Modeling
Tool
- The Dynamics of Case Rate Expenses
- Managing Multiple Cost Variables
- A Target Costing Model for Case Rates: An Interactive Exercise
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