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Chfp Ratios (Answered) 293 Questions and Correct Answers. 100% Correct. Latest 2024/2025.
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Chfp Ratios (Answered) 293 Questions and Correct Answers. 100% Correct. Latest 2024/2025.
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Chfp Ratios (Answered) 293 Questions andCorrect Answers. 100% Correct. Latest
2024/2025.
Contractual Discount percentage
Deductions from Gross Patient Service Revenue divided by Gross Patient Services Revenue.
Markup
Gross Patient Services Revenue + Other Operating Revenue dividende by operating expenses.
Operating Margin
Total operating revenue — Operating Expense divided by Total Operating Revenue.
Non operating gains
Non operating Gains divided by Net Income.
Net Income
Revenues - Expenses
Reported income index
Net income divided by change in net assets.
Return on total assets
Net income/total assets
Return on Equity
Net income/Net assets
Current ratio
Current assets divided by current liabilities
Quick Ratio
Cash + MKT Securities + Receivables
________________________________
Current Liabilities
Days Net Revenue in net Patient Accounts Receivable
Net patient accounts receivable/net patient revenue - bad debt expense
Days Cash on Hand formula
,Cash +Marketable securities. + unrestricted LT investments/operating expenses- Depreciation/365
Total Asset Turnover
Total operating Revenue / Total Assets
Fixed Asset Turnover
Total operating revenue/net fixed Assets
Current Asset Turnover
Total operating revenue /current assets
Inventory Turnover
Total Operating Revenue /inventory
Length of stay (LOS)
Total inpatient days /total discharges
Occupancy Rate
Total inpatient days /staffed beds x days in period
Case Mix Index
Sum of (Cases in each DRG x weight for that DRG) /Total cases
Adjusted Admissions
Total gross charges /inpatient charges x inpatient discharged.
Adjusted patient days
Total gross charges /inpatient charges x inpatient days
Average daily census
Inpatient days /365
case mix adjusted cost per patient
Cost per patient day / case mix index
Revenue Variance
Actual-Budget = Revenue Variance
Expense Variance
Budget-Actual = Expense Variance
835 record
A standard electronic message between health plan and provider sending remittance data on a claim
to the provider
837 record
, A standard electronic message between provider and health plan sending data on a claim to the
health plan.
ACO accountable care organization
A coordinated group of health care providers including physicians hospitals and other types of
providers organized to improve quality and lower the costs of care to a defined group of patients
Accounting identity
Also called accounting equation, Assets = liabilities + equity.
Accounts Payable
A current liability where funds are owed to suppliers
Accounts payable distribution
An accounting computer system report that details the amounts paid to vendors by date purchase
order and expense classification
Accounts receivable aging
A report that summarizes accounts receivable from different sources such as Medicare or
commercial insurance by 30 day increments
Accrual
Accounting methodology that recognizes revenue when it is earned (not received) and expenses
when they are incurred (not paid)
Accrual basis of accounting
As opposed to the cash basis of accounting the accrual basis of accounting uses estimates of revenue
and expense to match revenue in the period they are earned with the expenses incurred in that
same period.
Accrued payroll and benefits
An estimate of salaries and associated benefit costs (such as payroll tax matching) earned by
employees but not yet paid by the employer
Accumulated depreciation
A balance sheet account with the total amount of depreciation recognized as expense overtime is
compiled
Activity-based costing
A method of establishing a cost of a process or transaction based on the cost of individual steps (or
activities) in that process.
Acuity
A measurement of the severity of an illness or the resources required to treat an illness or injury.
Administrative cost
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