Skip main navigation

ABC and ABM Approaches

ABC and ABM Approaches

The educator discusses Activity-Based Costing (ABC) and its application in Activity-Based Management (ABM).

ABC offers a more precise costing method compared to traditional allocation, especially in healthcare where it helps optimize resources. He illustrates how ABC can address the fairness issue in cost allocation, emphasizing its role in strategic decision-making and operational control. ABM involves using ABC data for market strategies, value chain analysis, and benchmarking against competitors.

How can advances in technology, such as AI and business intelligence, enhance the effectiveness of Activity-Based Management?

This article is from the free online

Healthcare Management and Strategy

Created by
FutureLearn - Learning For Life

Reach your personal and professional goals

Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.

Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.

Start Learning now