Management Accounting in Health Care Organizations Study guides, Class notes & Summaries

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

CPHIMS Study Guide Latest Update Graded A+ Issues for health care providers High, rapidly rising costs. Highly variable clinical quality. Patient safety issues. Need for evidence-based decision making. Complex administrative processes. Increasing consumerism and heightened expectations. Research and technology advances. Fragmented delivery. Influences by politics, leadership,culture, social values, financing, economics, etc. Health care consumerism Encroaching more and more upon doctor subject ...

RHIA EXAM PREP 169 Questions with Verified Answers A Staghorn calculus of the left renal pelvis was treated earlier in the week by lithotripsy and is now removed via a percutaneous nephrostomy tube. What is the root operation performed for this procedure? a. Destruction b. Extirpation c. Fragmentation d. Release - CORRECT ANSWER b. Extirpation ***Taking or cutting out solid matter from a body part Which type of data consists of *factual details* a *aggregated or summarized* from a...

CPCS Exam 2023 Latest Update MCO acronym for - Managed Care Organization - main accreditors: NCQA, URAC NAMSS acronym for - National Association of Medical Staff Services CPCS acronym for - Certified Provider Credentialing Specialist CVO acronym for - Credential Verifications Organization HEDIS acronym for - Healthcare Effectiveness Data Information Set CAHPS acronym for - Consumer Assessment of Healthcare Providers & Systems Structure of a CVO - Director - Contract Sales - Credentialing ...

US Constitution Which of the following sources of law is the highest law in the United States? Common Law Which of the following four sources of law derives from the English common law and is also known as judge-made or case law? plaintiff The party in a civil case that brings the action and has the burden of proof is the defendent The party who allegedly committed the wrongdoing is the _____. All four In what way(s) might a civil case be resolved? 1. Settlement 2. Judgment 3. Dismis...

HCAD 375 QUESTIONS AND ANSWERS ACCURATE What has led to increased HC costs? -Technology -Increased demand -Chronic disease -lack of prevention -fraud -labor shortages -uninsured -uneducated consumers What has led to decreased HC costs? -generic drugs -awareness/education -advances in medical treatment -increased communication -VBP -Regulations -cost-sharing 4 elements of financial management -Planning -Controlling -Organizing -Decision Making The Chart of...

HFMA's CSAF 2021, Certified Specialist Accounting and Finance Exam Prep Questions And Answers All Verified Contribution Margin - ANS Difference between marginal revenue and marginal cost. Break-even point - ANS Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - ANS Indirect Costs Activity-based costing (ABC) - ANS Method of determining product costs using cost drivers or activity measures, which cause i...

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Nursing Informatics Certification Exam 252 Questions with Verified Answers Met structure of NI - CORRECT ANSWER The ability of the nurse to utilize data, information, and knowledge to make wise clinical decisions. Definition of Nursing Informatics - CORRECT ANSWER A speciality that integrates nursing science with multiple information and analytical sciences to identify, define, manage and communicate data, information, knowledge and wisdom in nursing practice. Meaningful Use - CORRECT A...