Hcad 375 - Study guides, Class notes & Summaries

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...

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 ...

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 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 Exam 1

HCAD 375 Exam1 Questions and Correct Answers

HCAD 375 Exam 1

HCAD 375 Final Exam Question and answers 2023 verified to pass(UPDATED)HCAD 375 Final Exam Question and answers 2023 verified to pass 1. Planning delineates both _________________ & __________________ paths a business will follow and what _____________________ it will utilize to achieve its goal. - correct answer short term, long term, procedures A budget states your goals in ________________ terms - correct answer monetary Rather than budgeting dollars, a staffing and census bud...

HCAD 375 Exam 2 Questions and Answers

HCAD 375 Final