- Study guides, Class notes & Summaries

HCAD 375 EXAM 3 QUESTIONS WITH CORRECT ANSWERS LATEST 2025 Describe 3 types of common forecasts used in health care budgeting - Answers -staffing forecast -revenue forecast -operating expense forecast What type of assumptions and information are necessary to generate a revenue forecast? - Answers -utilization changes -patient mix changes -rate changes -capacity/volume In health care what commonly contributes to capacity limitations? - Answers -space and equipment availability ...

HCAD 375 Exam 1 Questions with Correct Answers Latest Update Many facilities either employ or contract with _____ to perform accounting and/or financial analysis - Answers Accountants A 1 year accounting period is generally referred to as - Answers An organization's fiscal year What is the basic accounting equation? - Answers Assets = Liabilities + Owners Equity What type of accounting method is generally used in health care? - Answers (Accounting in health care follows- GAAP) Accrua...

HCAD 375 Exam 2 Questions and Answers Already Passed Failing to do what can sink a healthcare organization? - Answers Control costs Fixed costs do what as the census changes? - Answers Do not change What type of cost should raw food costs be? - Answers Variable cost costs that accrue over a specific span of time are called - Answers Period costs what is one of the most common ways to examine labor costs and staffing - Answers HPPD formula= Hour per patient day what does FTE stand for? - A...

HCAD 375 Final Exam Questions with Verified Solutions Latest 2025 3 managerial viewpoints and how that influences $ management - Answers Financial: work with finance on a daily basis, responsible for the reporting function Process: work with the system of the organization, responsible for data accumulation Clinical: usually work with and interact directly with patients, responsible for service delivery also responsible for clinical outcomes Proprietary vs not-for-profit - Answers -pay all ta...

HCAD 375 ACTUAL FINAL EXAM LATEST VERSION WITH COMPLETE QUESTIONS AND ACCURATE DETAILED ANSWERS VERIFIED 100% LATEST UPDATE HCAD 375 ACTUAL FINAL EXAM LATEST VERSION WITH COMPLETE QUESTIONS AND ACCURATE DETAILED ANSWERS VERIFIED 100% LATEST UPDATE HCAD 375 ACTUAL FINAL EXAM LATEST VERSION WITH COMPLETE QUESTIONS AND ACCURATE DETAILED ANSWERS VERIFIED 100% LATEST UPDATE HCAD 375 ACTUAL FINAL EXAM LATEST VERSION WITH COMPLETE QUESTIONS AND AC...

HCAD 375 EXAM 2 | 159 QUESTIONS | WITH ACCURATE SOLUTIONS!!

HCAD 375 EXAM 3 QUESTINS WITH 100% SOLVED ANSWERS!!

HCAD 375 Exam 1 Questions with 100% Correct Answers 2024/2025 What has led to increase healthcare costs? - ANSWERS_ Cost of materials - Labor costs - Rx - Increase in demand What has lead to the decrease in medical costs? - ANSWERS- CMS - Medical tourism - Outpatient care Propriety - ANSWERS- Corporate - Pays taxes - For profit Non- profit - ANSWERStax exempt Patient first Still needs to be financial responsible Administrators role in financial management - ANSWER...

HCAD 375 Test 2 Questions & Answers 2024/2025 Failing to do what can sink a healthcare organization? - ANSWERSControl costs Fixed costs do what as the census changes? - ANSWERSDo not change What type of cost should raw food costs be? - ANSWERSVariable cost costs that accrue over a specific span of time are called - ANSWERSPeriod costs what is one of the most common ways to examine labor costs and staffing - ANSWERSHPPD formula= Hour per patient day what does FTE stand for? - ...

HCAD 375 Exam 1 Questions & Answers 2024/2025 Value = - ANSWERSQuality / Price Goals of financial management - ANSWERS- Make organizations work more effectively - Revenue --> Facility --> Expenses How do financial management goals work in a health care organization - ANSWERS•Understand how various elements of finance fit together •Understand various pieces and their relationship to each other. Managers viewpoint - ANSWERSProcess financial clinical 4 elements of f...