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For decades, Activity Based Costing (ABC) has been used in manufacturing businesses. More recently, service companies like hospitals have begun to adopt the technique for
For decades, Activity Based Costing (ABC) has been used in manufacturing businesses. More recently, service companies like hospitals have begun to adopt the technique for use. Why have health systems like Mayo Clinic, Cleveland Clinic, and M.D. Anderson embraced ABC (and Time-Driven Activity-Based Costing)? What major benefits have these hospitals reaped from using TDABC (name at least two)?
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