output budgeting



  • noun a type of budgeting which is classified according to outputs as opposed to inputs, i.e. goods and services produced rather than the costs of raw materials or labour involved in producing the goods or services

Health Economics

  • (written as Output Budgeting)
    A method of presenting allocated sums of money in an organization according to the outputs or objectives that the resources are directed towards. It is in distinction to traditional budgets that focus on input classifications like 'wages and salaries', ' capital expenditure', 'equipment'. Ideally, output budgeting transcends the boundaries of particular agencies, so that a complete picture of the resources devoted to a particular end is obtained. In health care, outputs might relate to intermediate process outcomes like patient discharges from hospital or the number of finished consultant episodes.