Wgu c42 - Study guides, Class notes & Summaries

What is healthcare finance? It encompasses the accounting and financial management functions of healthcare organizations. The two functions blend together, with accounting generating the data needed to make sound decisions and financial management providing the framework for those decisions. What is financial management? The use of theory, principles, and concepts developed to help managers make better financial decisions. What is another name for financial management? Corporate finance W...

WGU C425 OA Review (UPDATED)questions and answersWhich of the following is true in regards to health care today in the United States? There are more primary care physicians than specialty physicians. Primary care receives a higher reimbursement in professional fees. There are more specialty physicians than primary physicians. Outpatient care is slowly decreasing. There are more specialty physicians than primary physicians. What triggered the downsizing phase in the U.S. hospital indu...

to operate, any business must have assets; to acquire assets, the business must raise - -capital capital comes in two forms - -risk and inflation __ and __ are long term debt contracts under which a borrower agrees to make a series of interest and principal payments on specific dates to the lender - -term loans and bonds a term loan is generally provided by a - -single lender bond is typically offered to the - -public and sold to many investors bonds issues by the federal government - -tre...

Outpatient care - ANSWER-health services that don't require an overnight stay Private Practice - ANSWER-Limited examination and testing Self-employment = more independence, short duration, Hospital outpatient clinics - ANSWER-Function as the community's safety net, providing primary care to the medically indigent and uninsured populations walk in clinics - ANSWER-range from basic primary care to urgent care, they are convenient retail clinics - ANSWER-can be found in walmart or cv...

What does the "O" in PODC stand for? ORDER ORGANIZE What does the "P" in PODC stand for? PLAN PERSONAL PRIVATE POST - ANSWER PLAN OBJECTIVE OBJECT - ANSWER ORGANIZE What does the "C" in PODC stand for? CONTROL COMPARE CORRECT COMBINE - ANSWER CONTROL What does the "D" in PODC stand for? DOCTOR DANCE DECODE DIRECT - ANSWER DIRECT How is health information accessed? - ANSWER Isolated legacy systems are being replaced by more efficient and interconnected b...