C428

WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE What is healthcare finance? It encompasses the accounting and financial management functions of healthcare organizations. The two functions blend together, with accounting generating the data needed to make sound decisions and financial management providing the framework for those decisions.

C428 WGU Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE The 4 C's (Finance Activities) ------*Costs >monitor costs *Cash------ >keep enough cash *Capital------ >raise needed capital(money) to invest *Control----->control resources Accountable Care Organization Accountable Care Organizations(ACOs) are groups of Medicare providers and suppliers that work together to coordinate care for traditional Medicare patients. Their goal is to deliver seamless, high-qua...

WGU C428 Pre-assessment Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE A medical center is expanding its hospital staff to accommodate the increasing number of flu cases seen over the past weeks. Which type of finance activity is described in this scenario? Cost Cash Capital Control Cost A healthcare organization's senior finance leader is responsible for all financial plans and activities related to reimbursement, accounting, budgeting, and management for a healthca...

WGU C428 Financial Resource Management in Healthcare Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE Accounting The measure and recording of events that reflect the operations, assets, expenses, and other financing of an organization. Breakeven Analysis Determines the point when the investment in the project will generate a positive return. Business Manager or SBU Manager The manager responsible for the finance function in a small healthcare organization, such as a medical prac...

WGU C428 Financial Resource Management in Healthcare Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE Finance within a healthcare organization can be condensed into the "four Cs": Costs Cash Capital Control The finance department manager who handles capital acquisition, investment management, and risk management activities Treasurer The finance department manager who handles accounting, budgeting, and reporting activities. Comptroller The head of the finance department...

WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE Activity-based costing (ABC): A.can be used only in a process cost system. B.focuses on units of production. C.focuses on activities performed to produce a product. D.uses only a single basis of allocation. es on activities performed to produce a product. Activity-based costing: A.is the initial phase of converting to a just-in-time operating environment. B.can be used only in a job order costing system. C.is a t...

WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE What is healthcare finance? It encompasses the accounting and financial management functions of healthcare organizations. The two functions blend together, with accounting generating the data needed to make sound decisions and financial management providing the framework for those decisions. What is financial management? The use of theory, principles, and concepts developed to help managers make better financial deci...

vertical analysis - Answer expresses each item in a financial statement as a percentage of the same base amount Quick Ratio - Answer (Current Assets - Inventory) / Current Liabilities Current Ratio Equation - Answer current assets divided by current liabilities (Good is in-line/slightly better than industry average. Low = trouble. Industry Average is 2.0.) times interest earned ratio - Answer EBIT/Interest Expense (The larger the ratio, the better. Industry average is 5.9.) Ratios - ...

ROE (Return on Equity) - Answer Net Profit ÷ Total Equity ROA (Return on Total Assets) - Answer Net Income/Total Assets GPR (Gross Profit Ratio) - Answer gross profit divided by net sales (100) NPR (Net Profit Ratio) - Answer Net Profit After Tax/Net Sales (100) TM (Total Margin) - Answer net income/total revenue OM (Operating Margin) - Answer Operating income/ Operating Revenue Return on Sales (ROS) - Answer Net Income/Sales Debt Management Ratios - Answer A set of ratios ...