CNML Financial Management Exam Questions and Answers 100% Solved
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Course
CNML
Institution
CNML
CNML Financial Management Exam
Questions and Answers 100% Solved
Balance Sheet - statement of assets, liabilities, and capital of an
organization at a particular point in time
Revenue - operating revenue generated from primary business
activities
gross operating revenue - total revenue earned...
services (example - investment income, durable medical equiptment, retail
services, joint ventures).
variable costs - ✔✔costs that fluctuate with volume
fixed costs - ✔✔costs that don't fluctuate with volume
market share - ✔✔percentage of total volue for a health system for specific
volumes within a health system as compared with competitors in the same
geographical "market" area
payer mix - ✔✔percentage of revenue received from each payer source
return on investment - ✔✔gain or loss generated on an investment relative
to the amount of money invested
Net Profit/Total Investment x 100
Investment Income - ✔✔Income from interest, dividends, and capital gains
Revenue Cycle Management - ✔✔Process to track revenue from patients
beginning with initial appointment or encounter through to the final payment
of the balance of the bill
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