Hcad 375 Study guides, Class notes & Summaries

HCAD 375 Final Questions and Answers 2024 3 managerial viewpoints and how that influences $ management 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 -pay all taxes -corporations, partnerships, or...

HCAD 375 Final Question and answers 2023 verified to pass(UPDATED)HCAD 375 Final Question and answers 2023 verified to pass 3 managerial viewpoints and how that influences $ management - correct answer 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...

HCAD 375 Exam 2 Question and answers rated A+ 2024 HCAD 375 Exam 2 Question and answers rated A+ 2023 Failing to do what can sink a healthcare organization? - correct answer Control costs Fixed costs do what as the census changes? - correct answer Do not change What type of cost should raw food costs be? - correct answer Variable cost costs that accrue over a specific span of time are called - correct answer Period costs what is one of the most common ways to examine labor...

HCAD 375 EXAM 1 QUESTIONS AND ANSWERS 2024 The financial environment is ______ and ___________ _____. Fluid Reimbursement driven Goal of Financial Management make organizations work more effectively What has led to increased HC costs? Aging population, uninsured, newly insured under ACA, Rx drugs, use of more advanced tech, chronic disease, "defensive medicine" What has led to a decrease in HC costs? Evidence based medicine, retail HC, more generic drugs, increased c...

HCAD 375 EXAM 1 Question and answers already passed 2023(UPDATED)HCAD 375 EXAM 1 Question and answers already passed 2023 The financial environment is ______ and ___________ _____. - correct answer Fluid Reimbursement driven Goal of Financial Management - correct answer make organizations work more effectively What has led to increased HC costs? - correct answer Aging population, uninsured, newly insured under ACA, Rx drugs, use of more advanced tech, chronic disease, "defens...

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...

HCAD 375 Final

HCAD 375 Exam 1

Describe 3 types of common forecasts used in health care budgeting - ️️-staffing forecast -revenue forecast -operating expense forecast What type of assumptions and information are necessary to generate a revenue forecast? - ️️-utilization changes -patient mix changes -rate changes -capacity/volume In health care what commonly contributes to capacity limitations? - ️️-space and equipment availability -staffing availability What are the objectives/uses of a ...