Evaluation of final cost allocation methodologies used to generate data for the NHCDC (2014)

Evaluation of final cost allocation methodologies used to generate data for the NHCDC (2014)

The Independent Hospital Pricing Authority (IHPA) engaged HealthConsult to evaluate final cost allocation methodologies used to generate data for the National Hospital Cost Data Collection (NHCDC). The evaluation of final cost allocation methodologies involved ‘re-costing’ five hospital’s 2013/14 NHCDC data using a range of different final allocation methodologies. The re-costed data sets were then subjected to statistical testing to determine the significance of the variation from the reference 2013/14 NHCDC data set. These results were then considered by the NACDSG. The project commenced in December 2014 and was completed in August 2016.