Record Details

A Study Of How The Utilisation Of Optimal Cost Management Techniques Influence Medical Scheme Administrators

The Journal of Accounting and Management

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Title A Study Of How The Utilisation Of Optimal Cost Management Techniques Influence Medical Scheme Administrators
 
Creator Bronkhorst, Seugnet; Lecturer
Department Business Management
Johannesburg Business School
College of Business and Economics
University of Johannesburg
Bronkhorst, Seugnet; University of Johannesburg
Schmidt, Leon Dan; University of Johannesburg
 
Subject Cost management; Medical Scheme Administrators; Full Absorption Costing; Activity Based Costing; Cost Management.
 
Description Within today’s competitive and cost-driven business environment, Medical Scheme Administrators are under tremendous pressure to ensure their operations are at the pinnacle of financial performance, through stable but profitable business structures, whilst achieving maximum return for member’s contributions. The purpose of the study was to identify the factors that affect the optimal cost management practices is to ensure that organisations have a true understanding of costs, so that it can continuously make the right decisions with regards to product mix, price and market. This research uses a qualitative methodology to uncover how the South African Medical Scheme Administrators currently use costing principles. This is achieved through semi-structured interviews with individuals, who are directly responsible for this function within their respective organisation. The study concluded that a conceptual cost management framework, which is made up of a number of key models to assist an organisation, is more frequently used in more mature organisations. 
 
Publisher The Journal of Accounting and Management
 
Contributor —
 
Date 2018-02-11
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.univ-danubius.ro/index.php/jam/article/view/4402
 
Source The Journal of Accounting and Management; Vol 7, No 3 (2017): JAM
 
Language en
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.