Activity Based Funding ABF.docx - Running head ACTIVITY BASED FUNDING 1 Activity-Based Funding ABF Name Institution Affiliate Course Date ACTIVITY BASED

Activity Based Funding ABF.docx - Running head ACTIVITY...

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Running head: ACTIVITY BASED FUNDING 1 Activity-Based Funding ABF Name Institution Affiliate Course Date
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ACTIVITY BASED FUNDING 2 Introduction Activity-Based Funding was introduced by National Health Reform Agreement (NHRA) in August 2011. The costing method is widely used by manufacturing industry, and it is becoming a standard costing method in health care. By using the costing methods, the hospitals can achieve cost reduction and increase their efficiency. The ABF system allows the government and other supporting organizations to monitor, manage and administer the funding of the health care provided by community and public hospitals. The chief characteristic of Activity Based Funding (ABF) is that it facilitates the allocation of funding to health services based on the activity they perform. In this paper, we are going to discuss the importance of Activity Based Funding (ABF) and the strategies that can be used to mitigate the risk of an ABF budget.
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  • Spring '17
  • HERICK ONDIGO

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