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We live in the Age of Information. Mobile phones, personal computers, credit cards, club memberships... even household appliances are now connected to the Internet and collecting information about our everyday life. This is especially true in business organizations, conducting thousands of transactions, which are cataloged and stored in virtually infinite data-bases. The question "What data to collect?" became irrelevant. Existing technology makes it easy to collect close to everything, and at negligible costs. The real challenge is to distill the cumbersome amounts of accumulated data into knowledge - knowledge that allows you to make decisions and draw conclusions - just like 19th century gold miners, separating the precious metal particles from the dirt.
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Categories: General
Let IDF Win – With Transparence
17 Jul 2014
The Israeli defense establishment has no agreed database, which would allow it to estimate the cost of IDF components.

In the days following the recent battles in the Gaza Strip, we will once again experience the regular ritual regarding the defense budget. The Ministry of Defense will demand additional budgets and, conversely, the Ministry of Finance will demand budgetary restraint.
Categories: Costing
The Economist is the Information Analyst of Tomorrow’s Organizations
30 Jun 2014
Find out how an economist can increase profits in an organization.
The Israel Postal Company needs a Service Pricing Policy - Opinion
29 Apr 2014
In the current situation, moments before the post office fails, it is appropriate for the Ministry of Communications, as the regulator of the Authority, together with the Post Office board of directors, to act decisively in order to establish a uniform pricing policy and costing system - which will enable them to see the Authority's business profile, and helps choose the actions necessary to save it from collapse.
A Tourniquet for the Health System
17 Feb 2014
Promoting central reporting processes, implementation of an efficient costing system and an effective use of it by managers can contribute to economic stabilization of health systems, and will reduce the economic pressure of hospitals in Israel
The Economist as an Engine for Improving Company Profitability
30 Jan 2014
The Economics Department sees the client from all angles. It is the organizations compass. If the entire organization were to run on quantity or income, we would be measuring unfairly. Profitability is the only parameter that must be taken into account and only a full data analysis platform can support decision-making.
What is the cost of surgery? Unknown
28 Jan 2014
Determining a fair price for medical services by regulators is an important function. Therefore, today, with technology to support pricing organizational systems that are in use in Israel and abroad, the Ministry of Health should be required to adopt these administrative tools.
Gold Miners' Hospital Profitability Framework
19 Jan 2014
A hospital is a complex entity. Thousands of procedures, materials, experts, general staff, sophisticated equipment - all must work in perfect unison, not less effective then a production floor of a major industrial plant. It's a process of people - creating services - for people.
Gold Meinrs has developed a unique framework for quantifying, measuring and managing costs, enabling us to measure hospital profitability down to the single patient.
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Categories: Cost management

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