Hcad 375 - Study guides, Class notes & Summaries

HCAD 375 Exam 1 Questions & Answers 2024/2025 Value = - ANSWERSQuality / Price Goals of financial management - ANSWERS- Make organizations work more effectively - Revenue --> Facility --> Expenses How do financial management goals work in a health care organization - ANSWERS•Understand how various elements of finance fit together •Understand various pieces and their relationship to each other. Managers viewpoint - ANSWERSProcess financial clinical 4 elements of f...

HCAD 375 Test 2 Questions & Answers 2024/2025 Failing to do what can sink a healthcare organization? - ANSWERSControl costs Fixed costs do what as the census changes? - ANSWERSDo not change What type of cost should raw food costs be? - ANSWERSVariable cost costs that accrue over a specific span of time are called - ANSWERSPeriod costs what is one of the most common ways to examine labor costs and staffing - ANSWERSHPPD formula= Hour per patient day what does FTE stand for? - ...

HCAD 375 Exam 1 Questions with 100% Correct Answers 2024/2025 What has led to increase healthcare costs? - ANSWERS_ Cost of materials - Labor costs - Rx - Increase in demand What has lead to the decrease in medical costs? - ANSWERS- CMS - Medical tourism - Outpatient care Propriety - ANSWERS- Corporate - Pays taxes - For profit Non- profit - ANSWERStax exempt Patient first Still needs to be financial responsible Administrators role in financial management - ANSWER...

HCAD 375 Final UPDATED Exam Questions and CORRECT Answers 3 managerial viewpoints and how that influences $ management - CORRECT ANSWERFinancial: work with finance on a daily basis, responsible for the reporting function Process: work with the system of the organization, responsible for data accumulation Clinical: usually work with and interact directly with patients, responsible for service delivery also responsible for clinical outcomes Proprietary vs not-for-profit - CORRECT ANSWER- ...

HCAD 375 Exam 2 Questions & Answers 2024/2025 Failing to ______ can sink a health care organization - ANSWERSControl Costs Fixed costs ____ as the census changes - ANSWERSDo not Change What types of cost should raw food costs be? - ANSWERSVariable costs Costs that accuire over a specific span of time are called - ANSWERSPeriod costs What is one of the most common ways to examine labor costs and staffing? - ANSWERSLook at the number of labor hours that you need each day and the p...

HCAD 375 Final Exam Questions with Correct Answers-Latest 2024 Update.HCAD 375 Final Exam Questions with Correct Answers-Latest 2024 Update.

HCAD 375 Final Question and answers 2023 verified to pass(UPDATED)HCAD 375 Final Question and answers 2023 verified to pass 3 managerial viewpoints and how that influences $ management - correct answer Financial: work with finance on a daily basis, responsible for the reporting function Process: work with the system of the organization, responsible for data accumulation Clinical: usually work with and interact directly with patients, responsible for service delivery also responsible for...

HCAD 375 Exam 2 Question and answers rated A+ 2024 HCAD 375 Exam 2 Question and answers rated A+ 2023 Failing to do what can sink a healthcare organization? - correct answer Control costs Fixed costs do what as the census changes? - correct answer Do not change What type of cost should raw food costs be? - correct answer Variable cost costs that accrue over a specific span of time are called - correct answer Period costs what is one of the most common ways to examine labor...

HCAD 375 Final Questions and Answers 2024 3 managerial viewpoints and how that influences $ management Financial: work with finance on a daily basis, responsible for the reporting function Process: work with the system of the organization, responsible for data accumulation Clinical: usually work with and interact directly with patients, responsible for service delivery also responsible for clinical outcomes Proprietary vs not-for-profit -pay all taxes -corporations, partnerships, or...