SPEA H 401 MIDTERM 2023 QUESTIONS AND ANSWERS VERIFIED AND ALREADY PASSED

1984 - CORRECT ANS Oct. 1, 1984a prospective payment fee schedule came out C-suit - CORRECT ANS executive level class (CEO CFO COO) Advertising budget - CORRECT ANS advertising budget is estimate of a company's promotional expenditures over a certain period of time American college of healthcare executives - CORRECT ANS international professional society of 48,000 healthcare executives who lead hospitals, healthcare systems and other healthcare organizations. ... ACHE offers its prestigious FACHE® credential, signifying board certification in healthcare management Ancillary deparyment - CORRECT ANS the wide range of healthcare services provided to support the work of a primary physician. These services can be classified into three categories: diagnostic, therapeutic, and custodial Balanced scorecard - CORRECT ANS At a glance, the scorecard shows an organization's goals and how to achieve them. The scorecard is usually divided into several areas that the organization considers important to achieving its mission. Objectives and specific measurements will demonstrate how the goal is progressing. Target results indicate what an organization hopes or expects to achieve. Specific metrics should meet the following criteria: (1) importance to organization and staff, (2) measurability, (3) data validity, and (4) action ability. Benchmarking - CORRECT ANS The best-known value for a specific measure, from any source. against outstanding organizations can improve internal operating procedures, enhance quality, maximize efficiency and improve the value of healthcare services. Board of directors (trustees) - CORRECT ANS governing body appointed to hold fiduciary responsibility for the organization. As part of this responsibility, make policy decisions that guide the future of the organization. An essential component is the