Term: Micro-Costing

Glossary Definition

Last Updated: 2005-11-28

Definition:

One of two common ways to estimate health care costs. Resources used by a specific patient are identified, traced to the patient and valued at a typical unit cost or price. It requires detailed knowledge of how individual patients are treated and cannot necessarily be generalized to other patients. Also called "bottom-up costing".

Related concepts 

• Hospital Costing in the 1990's

Related terms 

• Average Costing
• Costing Methods
• Micro-Costs
• Mixed Costing
• Standard Costs
• Top-Down 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)