If the goal is to save money, operate schools like a business, and make sure schools are efficient then I would suggest that business leaders, politicians and charter school owners meet with the local school district superintendent to understand operational efficiency, maintaining low administrative cost
and how to do more with less.
In using program expense as a proxy for the output of program services in the administrative cost
function, the same assumption of homogeneity must be made.
Health plan financial performance is measured by operating a profit margin ratio as well as medical loss and administrative cost
ratios across specific traits of the plans (Medicaid dominant, publicly traded, and provider-sponsored).
* Reduce the administrative cost
of the health plan by slashing the cost of insurance brokers and claims processing.
If a claim worth less than $65 is denied, many doctors do not bother to refile it because the administrative cost
is greater than the payment that might be collected.
According to Mohit Ghose, vice president of public affairs for America's Health Insurance Plans, a trade association of health insurance companies, "[Potential providers] should make a bid factoring in expected administrative cost
A key requirement for these methodologies is to make sure that all programs are allocated a portion of the administrative cost
in the cost plan.
Ultimately, of course, the issue is not whether administrative cost
increases reflect improved administrative services; the issue is whether expended resources might have served the institution better if the expenditure had been for instruction, research, or service.
Some misgivings are felt about the comparability of these estimates, but the dispersion in administrative cost
spending is too large to be attributable to statistical vagaries alone.
The Nonprofit Fundraising and Administrative Cost
project found that 37 percent of nonprofits with private contributions of $50,000 or more in the Year 2000 reported no fundraising or special event costs.
As a result of the implementation of McDATA's SANavigator, MSI has converted administrative cost
labor hours to billable hours, enabled the company to keep pace with future customer acquisitions and has increased the addressable market of its customers through the implementation of a non-invasive management application.
(a) Administrative cost
means those costs which are specifically identified with negotiating, processing and consummating the loan.