Method of determining task costs for activity based costing models
US7149700B1 · kind B1 · utility
53Cited by
7References
18Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | May 21, 1999 |
| Grant date | Dec 12, 2006 |
| Priority date | — |
| Expiry date | May 21, 2019 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG16H40/20
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method of carrying out activity based costing in a professional practice, such as a healthcare practice or hospital is provided. The costs of activities involving an operator are calculated based on the time the operators should be expected to spend on a task, and the cost overhead, particularly the payment, of the operator. This is achieved using a Pre-Determined Motion Time System such as the MOST® system. This allows the inherent profitability of a business operation to be established independent of the current employees, so that the profitability of the business processes themselves can be ascertained.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.