C428

Costs Cash Capital Control - Answer Finance within a healthcare organization can be condensed into the "four Cs": Treasurer - Answer The finance department manager who handles capital acquisition, investment management, and risk management activities Comptroller - Answer The finance department manager who handles accounting, budgeting, and reporting activities. CFO (Chief Financial Officer) - Answer The head of the finance department holds the title of chief financial officer. (The...

Total Profit Margin - Answer Net Income/Total Revenue. Measures the ability to control expenses (dollars of income per dollar of revenue) Higher the Total Margin, the lower the expenses relative to revenues Total Margin is lower than the industry average = indicating the expenses are higher than they should be or that revenues are too low for the expense structure of the business Low margins = problem w/expenses, revenues, or both Operating Margin - Answer Operating Income/Operating Re...

Direct Costs - Answer Costs that can be specifically identified with a particular project or activity. Direct Labor - Direct Materials - Manufacturing Supplies Indirect Costs - Answer Costs that are the result of general operations and are not directly tied to any specific project or activity Rent - Utilities - General Office Expenses Cost - Answer Prior to delivery of service Cash - Answer Payment for operations, revenue, form of accounting Capital - Answer Investment, fixed a...

Accounting - Answer The measure and recording of events that reflect the operations, assets, expenses, and other financing of an organization. Breakeven Analysis - Answer Determines the point when the investment in the project will generate a positive return. Business Manager or SBU Manager - Answer The manager responsible for the finance function in a small healthcare organization, such as a medical practice with one or a few clinicians. Call Provision - Answer Gives the issuer the rig...

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 - Answer 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 healthcare system's financial well-being. Which role matches this description? ...

C428 RCP1 Task 1 modified.

Financial Resource Management in Healthcare – C428 Final PaperA1. Fiscally Sustainable Strategies A financially sustainable strategy that can be discussed is switching from a fee-for-service plan to a managed care plan. There are three different types of managed care organizations: • Health Maintenance Organizations (HMOs) • Preferred Provider Organizations (PPOs) • Point-of-Service Plans (POS) HMOs are the most common type of managed care organizations. HMO’s are business...

Summary C428 Paper 2. C428 Seamus Company Healthcare Plan | Summary C428 Paper 2. C428 Seamus Company Healthcare Plan

C428 RCP1 Task 1 modified.