Katelyn Brinegar, Presenter: Nothing to Disclose

Roy Gordon Bryan MD, MBA, Abstract Co-Author: Nothing to Disclose

Mohammad Ghasemi-rad MD, Abstract Co-Author: Nothing to Disclose

H. Benjamin Harvey MD, JD, Abstract Co-Author: Nothing to Disclose

Anand M. Prabhakar MD, Abstract Co-Author: Nothing to Disclose

Robert L. Sheridan, Abstract Co-Author: Nothing to Disclose

Peter Raff Mueller MD, Abstract Co-Author: Consultant, Cook Group Incorporated

Rahmi Oklu MD, PhD, Abstract Co-Author: Nothing to Disclose

1) Demonstrate need for accurate costing in radiology operations as the healthcare environment changes. 2) Introduce Time-Driven Activity Based Costing (TDABC) as a valuable new tool to develop accurate costing processes in interventional radiology 3) Provide potential applications of TDABC in multiple imaging care processes

Healthcare costs in the US total 20% of gross domestic product and focus has turned to reducing these costs. Payors are placing increasing importance on delivering value, quality care at the lowest cost and are changing payment models to support high value services in healthcare. In contrast to traditional fee-for-service models, where a specific event is reimbursed, new bundled payment models are being initiated to cover a full episode of care. With these new reimbursement models, radiologists must know their costs to ensure services provided are reimbursed fairly. Until now, costs have been allocated to services based on reimbursement, leaving physicians without an accurate assessment of what it actually takes to provide healthcare. TDABC provides a flexible and versatile method to assess the costs of delivering quality services. Without accurate costing methods IR may leave the table with a smaller share of the pie, unable to demonstrate their value throughout the patient care cycle.

http://abstract.rsna.org/uploads/2014/14015415/14015415_zbun.pdf

Brinegar, K, Bryan, R, Ghasemi-rad, M, Harvey, H, Prabhakar, A, Sheridan, R, Mueller, P, Oklu, R, Time-Driven Activity Based Costing in Interventional Radiology.  Radiological Society of North America 2014 Scientific Assembly and Annual Meeting, - ,Chicago IL. http://archive.rsna.org/2014/14015415.html