Term: Average Costing

Glossary Definition

Last Updated: 2005-11-17

Definition:

One of two common ways to estimate patient health care costs. Total inpatient expenditures are divided by a measure of total patient services. The estimate can be defined per case, per service, or per workload unit.

Related terms 

• Costing Methods
• Micro-Costing
• Mixed Costing

References 

• Jacobs P, Shanahan M, Roos NP, Farnworth M. Cost List for Manitoba Health Services. Winnipeg, MB: Manitoba Centre for Health Policy and Evaluation, 1999. [Report] [Summary] (View)