Overview

TrueCost is a module of Financials & Supply Management. TrueCost provides cost accounting capabilities for healthcare provider organizations to accurately determine the cost of care provided to patients.

TrueCost is based on the principle that healthcare organizations incur expenses to acquire resource capacities to perform activities. Resource capacities are utilized based on the volume, duration, and relative intensity of those activities. Organizations plan for certain levels of demand for these activities, which drive their budgets. TrueCost provides insight into the cost of care delivered. TrueCost also exposes the cost of resource capacity that goes unused or is used for activities that are not patient-related.