HFMA-Strata L7 Cost Accounting Adoption Model (L7®) Overview
L7 allows healthcare organizations to assess their current state relative to available costing methodologies and provides a road map for their strategic needs. This eight-stage model assesses organizations by measuring the adoption and utilization of advanced cost accounting methods, including capabilities like Time-Driven Costing™. As an organization moves up the model, they acquire more sophisticated costing processes and workflows and more meaningful output.
At the end of this webinar, you will have a better understanding of what the L7 model is and why it was developed. You will also understand what is required of a cost model within each level and the value that each level provides.