What are the Benefits of Implementing ABC in Nursing?
Implementing ABC in nursing offers several benefits:
1. Accurate Costing: Provides a more accurate picture of the costs associated with nursing activities, enabling better budgeting and financial planning.
2. Improved Resource Allocation: Helps in identifying high-cost activities and areas where resources can be better utilized.
3. Enhanced Decision-Making: Facilitates data-driven decision-making, leading to improved operational efficiency and patient care.
4. Transparency: Increases transparency in cost reporting, which can be beneficial for internal management and external stakeholders.
