HMGT 3311 Vocabulary Exam 1
Accountable Care Organization (ACO) - ANS-A organization of health care providers who
provide coordinated care to goal patient populations, with the reason of tying economic
incentives to quality outcomes and reduced costs.
Accrual foundation of accounting - ANS-An accounting method which aligns the drift of assets
and the sales those sources helped to generate. It data sales when earned and prices while
sources are used, irrespective of the flow of cash in or out of the corporation. This is the usual
approach in use these days.
Accumulated Depreciation - ANS-The total quantity of depreciation taken on an asset because it
was positioned into use.
Aging agenda - ANS-a table which shows the proportion of receivables brilliant through the
month they have been incurred.
Amortization - ANS-The allocation of the acquisition cost of debt to the period which it benefits.
Approximate Interest Rate - ANS-the yearly hobby fee incurred by means of no longer taking
benefit of a provider's cut price offer to pay payments early.
Asset Mix - ANS-The amount of running capital an agency maintains on hand relative to its
ability operating capital duties.
Assets - ANS-Probable destiny financial advantages acquired or controlled with the aid of a
specific entity as a result of beyond transactions or events
Capitation - ANS-A device which will pay companies a specific quantity in advance to care for
the health care needs of a population over a selected time period. Providers are normally paid
on in line with member in keeping with month (PMPM) foundation. The issuer then assumes the
danger that the value of being concerned for the population will no longer exceed the
combination PMPM quantity acquired.
Care Mapping - ANS-A process which specifies earlier the favored treatment routine for patients
with precise diagnoses. This is also referred to as a clinical pathway, scientific protocol, or
exercise guiding principle.
Cash basis of accounting - ANS-An accounting approach which tracks whilst coins turned into
obtained and when coins become expended, no matter while offerings have been provided or
resources had been used.
Accountable Care Organization (ACO) - ANS-A organization of health care providers who
provide coordinated care to goal patient populations, with the reason of tying economic
incentives to quality outcomes and reduced costs.
Accrual foundation of accounting - ANS-An accounting method which aligns the drift of assets
and the sales those sources helped to generate. It data sales when earned and prices while
sources are used, irrespective of the flow of cash in or out of the corporation. This is the usual
approach in use these days.
Accumulated Depreciation - ANS-The total quantity of depreciation taken on an asset because it
was positioned into use.
Aging agenda - ANS-a table which shows the proportion of receivables brilliant through the
month they have been incurred.
Amortization - ANS-The allocation of the acquisition cost of debt to the period which it benefits.
Approximate Interest Rate - ANS-the yearly hobby fee incurred by means of no longer taking
benefit of a provider's cut price offer to pay payments early.
Asset Mix - ANS-The amount of running capital an agency maintains on hand relative to its
ability operating capital duties.
Assets - ANS-Probable destiny financial advantages acquired or controlled with the aid of a
specific entity as a result of beyond transactions or events
Capitation - ANS-A device which will pay companies a specific quantity in advance to care for
the health care needs of a population over a selected time period. Providers are normally paid
on in line with member in keeping with month (PMPM) foundation. The issuer then assumes the
danger that the value of being concerned for the population will no longer exceed the
combination PMPM quantity acquired.
Care Mapping - ANS-A process which specifies earlier the favored treatment routine for patients
with precise diagnoses. This is also referred to as a clinical pathway, scientific protocol, or
exercise guiding principle.
Cash basis of accounting - ANS-An accounting approach which tracks whilst coins turned into
obtained and when coins become expended, no matter while offerings have been provided or
resources had been used.
