ABF

ABF (Activity-Based Funding) is a system used primarily in healthcare to allocate resources based on the specific activities or services a hospital provides, such as surgeries or treatments. Instead of funding hospitals through fixed budgets, ABF rewards hospitals for the actual procedures they perform, promoting efficiency and quality. It considers the complexity and cost of different services, encouraging hospitals to improve care while ensuring financial resources match patient needs. In essence, ABF links funding directly to the level and type of care delivered, aiming to foster better outcomes and financial accountability.