Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
C
- Common Cost AllocationJoint Cost Allocation, Shared Cost Allocation
- The process of assigning a cost jointly incurred across multiple services or departments to each of them using a chosen allocation rule.
- Cost AllocationShared Cost Allocation, Overhead Allocation, Indirect Cost Allocation, Cost Apportionment
- Cost allocation is the assignment of shared or indirect resource costs to defined services, activities, or populations using an explicit allocation rule.
- Cost FindingCost Allocation Process, Overhead Allocation
- A cost accounting process allocating indirect and overhead costs across specific departments or services, producing information for management and payer reporting.
S
- Step-Down AllocationStep-Down Method, Sequential Cost Allocation
- A method of allocating support department costs to operating departments in sequence, so that once allocated, no further costs return to that department.