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The cost accountants institute has tied up with two top medical associations — Association of Healthcare Providers (India) (AHPI) and Delhi Medical Association — to improve the cost management systems in hospitals.
Under this tie-up, members of the Institute of Cost Accountants of India (ICMAI) will provide expert advice to hospitals in implementing the best practices and maintain costing system that would help the healthcare service providers in managing and controlling their costs to ultimately benefit patients.
The Memorandum of Understanding (MoU) was signed by A.S.Durgaprasad, President, ICMAI, Dr Girdhar J Gyani, Director General, AHPI, and Dr Chander Mohan Bhagat, Chairman, Delhi Medical Association, in the Capital on Friday.
Initially, the arrangement will cover 25 private hospitals in and around the National Capital Region. Later, the goal is to expand the facility to cover other hospitals across the country.
'Cost reference index'
Durgaprasad also said that the cost accountants institute plans to come out with a “cost reference index” for the healthcare sector in the coming days.
He, however, declined to give a timeline while noting that intent was definitely there to introduce ‘cost reference index’ in India for the healthcare sector.
The MoU with the two medical associations will be valid for a period of one year.
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