100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CHFP STUDY SET EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. CHFP
  4.  
  5. CHFP

Exam (elaborations)

CHFP STUDY SET EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
 6 views  0 purchase
  • Course
  • CHFP
  • Institution
  • CHFP

CHFP STUDY SET EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Comprehensive Medical Office Budget includes... 1. Statistics 2. Operating Expenses and Revenues 3. Capital Expenditures 4. Cash Flows Control Budgets Three types: 1. Operating Budget 2. Capital Budget 3. Cash Bud...

[Show more]

Preview 3 out of 21  pages

Document information

  • November 7, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • chfp study set exam questions and answers with com

Written for

  • CHFP
All documents for this subject (34)

Seller

avatar-seller
AcademicSuperScores

Reviews received

Content preview

CHFP STUDY SET EXAM QUESTIONS AND ANSWERS WITH

COMPLETE SOLUTIONS VERIFIED


Comprehensive Medical Office Budget includes...

1. Statistics

2. Operating Expenses and Revenues

3. Capital Expenditures

4. Cash Flows

Control Budgets

Three types: 1. Operating Budget

2. Capital Budget

3. Cash Budget

Cleverley's components of a capital project:

1. Information on alternatives available

2. Information on resources available

3. Cost data

4. Benefit data

5. Data regarding prior performance

6. Risk projection information

Payback method

,How many years it takes to recoup an initial investment based on new income the

investment generates (includes negative cash flow of initial investment). Does not

consider time value of money.

Return on Investment

Net Present Value / Initial Investment

Debt Service

Principal + Interest

Annual Debt Service

Principal + Interest for a given year

Total Debt Service

Sum of all debt service payments

Joint Venture

An additional source of capital: Benefits: attracts physician and for-profit groups as

investors; allows entities to spread the risk; allows viable entities to be competitive in the

marketplace. Drawbacks: if the deal loses money, all lose money; rewards have to be

shared; tax-exempt status could be put at risk; Medicare/Medicaid fraud and abuse

could be alleged

Leases

arrangement that allows for the payment and ownership of a capital asset as a

contractual obligation to be executed over time rather than at the time of possession.

Capital Lease

, Contains a bargain purchase option; transfers ownership at end of term; term is equal to

75% of the equipment's useful life; present value of the payments are greater than 90%

of the fair market value of the item

Operating Lease

one in which the lessee is liable for the cost for the term of the lease. No ownership

rights at the end. Payments may add up to more than if one had purchased the item

outright.

Budgeting Techniques

High-level strategic goals and objectives must be translated into department-specific

budgets. Three components of an operating budget:

Statistical

Revenue

Expense

Variance Types

Volume, Rate, Price, and Efficiency

Operating margin (%)

(total operating revenue - total operating expenses) / total operating revenue

Return on Assets

Excess of revenues over expenses / Total Assets

Excess margin (%)

(total operating revenue - total operating expenses

+ nonoperating revenue) / (total operating revenue + non-operating revenue)

Debt service coverage ratio (x)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AcademicSuperScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart