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MHA 706 (LSUS MHA 706) Already Passed BUNDLE
MHA 706 (LSUS MHA 706) Already Passed BUNDLE
[Show more]MHA 706 (LSUS MHA 706) Already Passed BUNDLE
[Show more]Patient Service Departments - CORRECT ANSWER-Are often called revenue 
centers 
Indirect Cost - CORRECT ANSWER-Are cost associated with shared resources 
used by the entire organization 
Direct Costs - CORRECT ANSWER-Are costs unique and exclusive to a 
department 
Overhead departments - CORRECT ANS...
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Add to cartPatient Service Departments - CORRECT ANSWER-Are often called revenue 
centers 
Indirect Cost - CORRECT ANSWER-Are cost associated with shared resources 
used by the entire organization 
Direct Costs - CORRECT ANSWER-Are costs unique and exclusive to a 
department 
Overhead departments - CORRECT ANS...
MHA 706 Module 3 (LSUS MHA 706 Ratio) 
Ratio Analysis - CORRECT ANSWER-technique used in financial condition 
analysis 
Financial ratio analysis - CORRECT ANSWER-combines values from the 
financial statements to create single numbers that facilitate comparisons 
Profitability ratio - CORRECT ANSWER-...
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Add to cartMHA 706 Module 3 (LSUS MHA 706 Ratio) 
Ratio Analysis - CORRECT ANSWER-technique used in financial condition 
analysis 
Financial ratio analysis - CORRECT ANSWER-combines values from the 
financial statements to create single numbers that facilitate comparisons 
Profitability ratio - CORRECT ANSWER-...
Financial Accounting - CORRECT ANSWER-involves identifying, recording and 
communicating the operational results and status of organization. (i.e. income 
statement, statement of changes in equity, balance sheet, and statement of cash 
flows) 
Do not for profit organizations have to prepare financia...
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Add to cartFinancial Accounting - CORRECT ANSWER-involves identifying, recording and 
communicating the operational results and status of organization. (i.e. income 
statement, statement of changes in equity, balance sheet, and statement of cash 
flows) 
Do not for profit organizations have to prepare financia...
Healthcare Finance - CORRECT ANSWER-is the practice of finance, including 
both accounting and financial management, within health services (provider) 
organizations 
Accounting - CORRECT ANSWER-concerns the measurement, in financial 
(dollar) terms, of events that reflect the resources, operations,...
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Add to cartHealthcare Finance - CORRECT ANSWER-is the practice of finance, including 
both accounting and financial management, within health services (provider) 
organizations 
Accounting - CORRECT ANSWER-concerns the measurement, in financial 
(dollar) terms, of events that reflect the resources, operations,...
What is financial accounting? 
Identify, record, and communicate operational results and status of organization. 
What is the difference between finance and accounting? 
Accounting - Emphasis on recording transaction 
Finance - records transaction and analyze data 
What are the 4 most important fina...
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Add to cartWhat is financial accounting? 
Identify, record, and communicate operational results and status of organization. 
What is the difference between finance and accounting? 
Accounting - Emphasis on recording transaction 
Finance - records transaction and analyze data 
What are the 4 most important fina...
Proprietorships & Partnerships: Pros & Cons - CORRECT ANSWER-Pros: Ease 
of Information, Subject to a few regulations, no corporation income taxes. 
Cons: Limited life, difficult to transfer, unlimited life, difficult to raise capital. 
Corporations: Pros & Cons - CORRECT ANSWER-Pros: Unlimited life...
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Add to cartProprietorships & Partnerships: Pros & Cons - CORRECT ANSWER-Pros: Ease 
of Information, Subject to a few regulations, no corporation income taxes. 
Cons: Limited life, difficult to transfer, unlimited life, difficult to raise capital. 
Corporations: Pros & Cons - CORRECT ANSWER-Pros: Unlimited life...
Direct Costs - CORRECT ANSWER-Costs unique and exclusive to a 
department. GENERATE REVENUE 
Ex- costs associated with providing the clinical testing such as staff and supplies. 
Indirect costs (overheads) - CORRECT ANSWER-Costs associated with shared 
resources used by the entire organization 
Ex-c...
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Add to cartDirect Costs - CORRECT ANSWER-Costs unique and exclusive to a 
department. GENERATE REVENUE 
Ex- costs associated with providing the clinical testing such as staff and supplies. 
Indirect costs (overheads) - CORRECT ANSWER-Costs associated with shared 
resources used by the entire organization 
Ex-c...
Indirect Costs - CORRECT ANSWER-Are costs associated with shared 
resources used by the entire organization 
Cost Driver - CORRECT ANSWER-Is the basis on which the cost pool will be 
allocated 
Cost Pool - CORRECT ANSWER-Is the overhead amount to be allocated 
Overhead departments - CORRECT ANSWER-A...
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Add to cartIndirect Costs - CORRECT ANSWER-Are costs associated with shared 
resources used by the entire organization 
Cost Driver - CORRECT ANSWER-Is the basis on which the cost pool will be 
allocated 
Cost Pool - CORRECT ANSWER-Is the overhead amount to be allocated 
Overhead departments - CORRECT ANSWER-A...
The major provisions of the Patient Protection & Affordable Care Act of 2010 
were? 
-Banning of preexisting condition coverage limitations 
-Free preventative care 
-Medicaid expansion 
Which of the following statement(s) about the finance department a t large 
healthcare organizations is/are corre...
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Add to cartThe major provisions of the Patient Protection & Affordable Care Act of 2010 
were? 
-Banning of preexisting condition coverage limitations 
-Free preventative care 
-Medicaid expansion 
Which of the following statement(s) about the finance department a t large 
healthcare organizations is/are corre...
Cost Driver is the... 
basis cost pool will be allocated 
Cost Pool is the... 
overhead amount to be allocated 
Overhead Departments are... 
often called cost centers 
Indirect Costs 
Costs of shared resources used by the entire organization 
Patient Service Departments are... 
often called revenue ...
Preview 3 out of 17 pages
Add to cartCost Driver is the... 
basis cost pool will be allocated 
Cost Pool is the... 
overhead amount to be allocated 
Overhead Departments are... 
often called cost centers 
Indirect Costs 
Costs of shared resources used by the entire organization 
Patient Service Departments are... 
often called revenue ...
Individuals at greater risk of needing health care are more likely to purchase 
insurance - CORRECT ANSWER-Adverse selection 
Healthcare Finance - CORRECT ANSWER-the practice of finance, including 
both accounting AND financial management 
Accounting - CORRECT ANSWER-the measurement, in financial (d...
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Add to cartIndividuals at greater risk of needing health care are more likely to purchase 
insurance - CORRECT ANSWER-Adverse selection 
Healthcare Finance - CORRECT ANSWER-the practice of finance, including 
both accounting AND financial management 
Accounting - CORRECT ANSWER-the measurement, in financial (d...
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