Financial management in healthcare plays a crucial role in supporting patient care and improving the overall patient experience. Healthcare finance teams partner with clinicians and care teams to enhance the quality of care and ensure access to healthcare services.
Here are some ways finance teams collaborate with clinical teams:
Resource Allocation: Finance teams work closely with clinicians to allocate resources effectively. They analyze the financial implications of different treatment options, equipment purchases, staffing levels, and facility expansions. By aligning financial resources with patient care needs, they help optimize the delivery of high-quality care.
Budgeting and Planning: Finance teams collaborate with clinicians to develop budgets and financial plans that support patient care objectives. They provide insights on costs, revenue projections, and financial sustainability, ensuring that the necessary resources are allocated to deliver quality care and meet patient access requirements.
Performance Measurement: Finance teams help develop and monitor key performance indicators (KPIs) that assess the quality and efficiency of patient care. By analyzing financial and operational data, they can identify areas for improvement and work with clinicians to enhance care processes and outcomes.
Revenue Cycle Management: Finance teams manage the revenue cycle, which includes billing, coding, and reimbursement processes. By ensuring accurate and timely reimbursement, they contribute to financial stability and support the availability of resources for patient care.
In balancing the need for financial stability with expanding access to care, healthcare finance leaders face complex challenges. They must navigate financial pressures, evolving payment models, and regulatory requirements. Here are some strategies they employ:
Cost Management: Healthcare finance leaders focus on cost containment measures without compromising the quality of care. They identify areas of inefficiency, implement process improvements, and leverage economies of scale to reduce costs while maintaining patient outcomes.
Revenue Diversification: To mitigate financial risks and expand access to care, finance leaders explore opportunities for revenue diversification. This may involve pursuing grants, partnerships, or new service lines to supplement traditional revenue streams.
Strategic Planning: Finance leaders collaborate with clinical leaders to develop strategic plans that balance financial stability with access to care. This includes evaluating the potential impact of new payment models, considering population health management strategies, and exploring innovative care delivery models.
To inform this balance, healthcare finance leaders rely on various data sources, including:
Financial Data: They analyze financial statements, reimbursement rates, and revenue cycle metrics to understand the financial health of the organization and identify areas for improvement.
Clinical Data: Finance leaders collaborate with clinicians to analyze clinical outcomes, patient satisfaction scores, and quality metrics. This data helps identify opportunities to improve care efficiency and effectiveness.
Operational Data: They analyze operational metrics such as patient flow, wait times, and resource utilization to optimize care delivery processes and allocate resources effectively.
Market Data: Finance leaders monitor market trends, reimbursement changes, and regulatory updates to anticipate financial challenges and adapt their strategies accordingly.
By leveraging data and collaborating with clinical teams, healthcare finance leaders can strike a balance between financial stability and expanding access to care, ultimately improving the patient experience and ensuring the delivery of high-quality healthcare services.
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I need to submit this today, can you help me?
What are Washington D.C.’s people eating habits?
What are some economic facts about Washington DC?
What are some facts about Washington DC?
Culture and customs of Washington DC?
Travel information (Dubai to Washington DC)?
Answer:
I'm sure they eat well. have u try looking it up on goggle first
what is the purpose of creating a prototype?
Answer:
Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.
which type of learning involves reading a text to learn languages, business etiquette, and the history of a country?
The type of learning which involves reading a text to learn languages, business etiquette, and the history of a country is known as academic learning.
What is academic learning?Academic learning is a type of learning that occurs in academic settings, such as schools or universities, and is frequently linked with advanced or higher-level education.
It is the learning that is required for students to progress to the next level of their education, whether it be from one grade level to the next, from high school to college, or from college to a higher degree.
Acquiring a new skill is an example of academic learning. Reading a book on history to improve your knowledge of a country is another example. This type of learning is linked to the traditional classroom environment, which emphasizes reading, writing, and the acquisition of new knowledge.
Academic learning occurs in a controlled and structured environment, and it is assessed and evaluated by teachers or other qualified instructors.
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12.
Multiculturalism can hinder the effectiveness of sharing knowledge, skills, and experience.
A.true
B.false
Multiculturalism can hinder the effectiveness of sharing knowledge, skills, and experience is false.
In plain English, what is multiculturalism?Multiculturalism, the idea that people of other races, ethnicities, and cultures should be given special consideration for their distinctions from those of a dominant political culture.
What are a few illustrations of multiculturalism?Multicultural people—like Chinese Canadians, Turks in Germany, or Arabs in the United States—often think, perceive, act, and react to global workplace difficulties in more complex ways than monocultural people. Some multiracial people use these distinctions to their advantage in the workplace.
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Using the amount of his current paycheck, Miguel created a series of financial goals and strategies. Which type of financial risk might this cause for him in the future?
✅income risk
- interest rate risk
- personal risk
- inflation risk
The Inflation risk is the financial risk might affect Miguel in the future.
The financial risk are risk that pose the possibility of losing one's money on an investment or business venture.
Here, it is obvious Miguel financial goals and strategies may involve investment with his Current paycheck say $1,000,000.
If he invest in a Money market now which pays 10%, Inflation will cause the purchasing power of the amount e invested to reduce in the future.
Thus, the Inflation risk, also called purchasing power risk is the financial risk that might affect Miguel financial goals and strategies.
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9/10
What do you need in order to fill out your 1040?
Your W-2
Your employer benefits documentation
Your credit card statement
Your job offer
Answer:
d
Explanation:
Answer:
Your job offer
Explanation:
took the test
Question 6 of 10
A human resource staff member was asked to create a job description.
Which of the following steps should be included in the process?
A. Evaluate the employee in the job
B. Interview customers served by the employee in the job
C. Conduct a job analysis
D. Suggest changes to the management structure
For this human resource staff member who was asked to create a job description, the step that should be included in the process is: B. Interview customers served by the employee in the job.
What is Human resources management?Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees or workers, activities that are being used by an organization.
This ultimately implies that, human resources managers are saddled with the responsibility of recruiting, managing, creating job description, and improving the welfare and working conditions of the employees working in an organization because they are the most important asset of any organization.
In this context, we can reasonably infer and logically deduce that interviewing customers that are served by the employee in the job is a step that should be included in the process of creating a job description.
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Answer: C conduct a job analysis
Explanation:
it is
Sunland Corporation has collected the following information after its first year of sales. Sales were $1,410,000 on 94,000 units; selling expenses $235,000 (40% variable and 60% fixed); direct materials $480,340; direct labor $272,600; administrative expenses $253,800 ( 20% variable and 80% fixed); and manufacturing overhead $329,000(70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. (a) Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year) (1) Contribution margin for current year $282,000
Contribution margin for projected year $ 310,000
(2) Fixed costs for current year $442,740
Compute the break-even point in sales units and sales dollars for the first year. (Round contribution margin ratio to 1 decimal place eg. 0.5 and final answers to 0 decimal places, eg. 2,510.) Break-even point units _____ units
Break-even point $ ____
The Contribution Margin Ratio is0.2 and the break-even point for the first year is 29,516 units and $442,740. This means that Sunland Corporation needs to sell at least 29,516 units or generate sales of $442,740 to cover all fixed costs and reach the break-even point.
To compute the break-even point in sales units and sales dollars for the first year, we need to use the contribution margin ratio. The contribution margin ratio is the proportion of each sales dollar that contributes to covering fixed costs and generating profit. It can be calculated by dividing the contribution margin by the total sales.
The contribution margin for the current year is given as $282,000, and the fixed costs for the current year are $442,740. To find the contribution margin ratio, we can use the formula: Contribution Margin Ratio = Contribution Margin / Total Sales.
Total sales for the current year can be calculated by dividing the sales revenue by the number of units sold. In this case, it is $1,410,000 / 94,000 units = $15 per unit.
Contribution Margin Ratio = $282,000 / $1,410,000 = 0.2 (or 20%).
Now, to find the break-even point in sales units, we divide the fixed costs by the contribution margin per unit: Break-even Point (in units) = Fixed Costs / Contribution Margin per Unit.
Break-even Point (in units) = $442,740 / $15 = 29,516 units.
To calculate the break-even point in sales dollars, we multiply the break-even point in units by the selling price per unit: Break-even Point (in dollars) = Break-even Point (in units) * Selling Price per Unit.
Break-even Point (in dollars) = 29,516 units * $15 = $442,740.
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Look at the examples below, and select the change in matter that is an example of a physical change.
ice melting
leaves changing color
starting a fire
Answer:
Ice melting doesn't change its chemical property so it's a physical change
Answer:
ice melting is an example of physical change in which there is a change in matter where ice (solid) melts to liquid ...
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Which of the following is NOT a career and technical student organization mentioned in the presentation?
Answer:
FHA or Computers for Kids
explain eye strain and ways to help.
when you get eye strains there is a specific thing that happens to your eye sometimes you can get a big bump on your eye and it stays there for a while and you might have to get surgery a way to prevent this is to make sure you very very clean your eye if you have very oily eyes
Smaller nations have been pushing for shortening the protection periods on patents from the current 15-20 years down to 5 years or less. what are two reasons why multinational companies resist this change?
Smaller nations have been pushing for shortening the protection periods on patents from the current 15-20 years down to 5 years or less. The two reasons why multinational companies resist this change are so that:
A patent is a sort of intellectual property that grants the owner the legal right to prevent others from creating, using, or selling an invention for a limited time in exchange for the publication of an enabling disclosure of the invention.
A patent monopoly is the idea that you may patent an invention and own it completely for the rest of your life. In practice, however, patents rarely function in this manner.
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garza company had sales of $135,000, sales discounts of $2,000, and sales returns of $3,200. garza company's net sales equals:
Garza Company's sales totaled $135,000, with sales discounts of $2,000 and sales returns of $3,200. Net sales for Garza Company can be calculated as follows:
Sales Revenue = $135,000
Sales Discounts = $2,000
Sales Returns = $3,200
Net Sales = Sales Revenue - Sales Discounts - Sales Returns Net Sales = $135,000 - $2,000 - $3,200 Net Sales = $129,800
Therefore, Garza Company's net sales equal $129,800, as can be observed from the calculations above. The formula to calculate net sales is the difference between sales revenue, sales returns, and sales discounts.
It is important for businesses to track net sales to determine the profitability of their operations since sales revenue on its own does not account for discounts and returns. This information may also be utilized to make business decisions like price adjustments or to analyze how well the company is performing financially.
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If you were in charge, what would you do to make Publix a better place to work?
If I were in charge of making Publix a better place to work, I would focus on creating a positive work environment and culture.
This could involve actions like increasing employee pay and benefits, enhancing manager-staff communication, and funding training and development programmes to make sure employees have the skills required to perform their jobs well.
Additionally, I would place a priority on staff wellbeing and introduce programmes to support and promote healthy lifestyles, such as providing access to gym memberships or mental health resources.
Last but not least, I would implement flexible working practises to make sure that employees had a good balance between their personal and professional lives.
All of these activities would foster a productive workplace where employees are inspired and given the freedom to perform at their highest level.
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A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.
A guidance counselor is a person who works in the schools and check with the student's academic progress.
Who is a guidance counselor? Discuss his responsibilities?A guidance counselor are the certified professionals who are employed in the schools and different institutions.
They helps the students by giving them advise and consultancy about their career and academic growth.
They basically assess the student's ability and provides them with personal counselling.
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Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
Why do some auto insurance customers want medical coverage for their
policies?
A. To help find the best hospital to care for people they injured in a
car accident
B. To keep from having to make a co-pay in case of a minor injury
after an accident
C. To avoid having to pay for hospital bills resulting from an accident
they cause
D. To prevent uninsured motorists from suing them for injuries they
cause
9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is?
Answer:
6%
Explanation:
sales tax 2.10 divided by shirt cost will give you the sales tax rate
2.10/34.99 = .0600 or 6%
Answer:
The answer is C) 6 percent
Explanation:
Distinguish between discretionary fixed costs and committed fixed costs.
Difference between committed and discretionary fixed costs is expenses that are fixed commitments of the firm that must be incurred to sustain operational continuity are referred to as committed fixed costs. Discretionary fixed costs are those expenses that are voluntary to the degree that the management's budgeting process determines their incurrence and value.
The expenditures necessary to maintain present production capacity are referred to as committed fixed costs or capacity costs. These expenses result from top managers' long-term choices on the scope and makeup of their firm.
An expense for a fixed asset or period-specific cost that may be eliminated or lowered without having an immediate effect on a business's reported profitability is known as a discretionary fixed cost.
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a successful business plan should be no more than: a.100 pages. b.2 pages. c.5 paragraphs. d.10 pages. e.50 pages.
A successful business plan should be no more than 2 pages and should include the most important information from each section of the plan.
How many firms are profitable without a plan?50% of newly founded companies fail within five years. It frequently occurs as a result of them ignoring a predetermined company plan. 25% of new businesses that don't have a business plan fail within the first two years.
What will happen without a business plan, is it possible for a company to succeed?According to a second study (2), businesses that plan develop 30% more quickly than those that don't. This study indicated that while many firms can succeed without a plan, those with a plan grew more quickly and were more successful than those without one.
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Dotty's is a high fashion boutique, owned by entrepreneur Daisy Smith. The
business has been open a year, and specialises in designer outfits for women.
Daisy made the decision to set up the business after working in a high street
chain for five years.
Which of the following does NOT analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful?
Answer: By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance.
Explanation:
The option that doesn't analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful is that "By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance".
We should note that while other options shows that there will be an increase in customer, increase in sales and lead her to be more financially successful, this particular option only relates to her work-life balance and not have an impact on her financial stability.
What are programs that give eligible citizens certain items for free or at a reduced cost called?
Responses
In-Kind Benefits
Social Security programs
Temporary Assistance for Needy Families
Cash Transfer programs
Answer:
The answer is going to be A.
How is it best to get rid of information you receive in the mail?
A Tear the mail in half and place each half in a different trash bag
B Just throw it way, thieves don't dig through trash
C Use a shredder before placing it in the trash
D Mark out all personal information with a marker
The collection of interactions a company has with a customer who has already purchased a product is called . When dealing with customers face-to-face, a good customer service technique is to . When speaking with customers over the phone, it is important to be aware of because it can change the meaning of what is said.
Answer:
A customer is frustrated with your company after being directed to several different departments. The customer's problem has not been resolved.
What is the most important thing a customer service agent should remember in this situation?:
If the customer appears to be frustrated the company service agent should try to understand the situation and should be familiar with the situation.
What is a customer service techique ?A good service technique is the face to face interaction, first listen, summarize the problems, and repeat one should try to get a detailed insight into the problem and understand the client's frustration they should remember to tackle the situation carefully. They should have patience, empathy, and other qualities.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
If you use credit, what are you creating?
A.
A line of credit
B.
Debt
C.
Collateral
D.
A default
If you use credit what you are creating is debt. Hence the best answer to the question is option B.
What is the use of credit?This is the term that is used to refer to the card or the money that is gotten from the financial institutions that help them to take care of the needs that they may have at the particular time period.
Another definition iof the credit would be when a person gets money from the financial institution through the credit card that would have them be able to buy goods as well as services while they would have to pay for these at a later date back to the company.
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what are the main duties and responsibilities of a Hotel manager
Answer:
Here are some:
recruiting, training and supervising staff.
managing budgets.
maintaining statistical and financial records.
planning maintenance work, events and room bookings.
handling customer complaints and queries.
promoting and marketing the business.
Hope it helps you pls mark me brain list.
Answer:
The main duties and responsibilities of the hotel manager are as below:
Explanation:
1) Recruiting, training, and supervising staff.
2) Managing budgets.
3) Maintaining statistical and financial records.
4) Planning maintenance work, events, and room bookings.
5)Handling customer complaints and queries.
6) Promoting and marketing the business.
a fixed asset should be removed from the accounts except a.when it is sold. b.when it is discarded. c.when it is fully depreciated. d.when it is given away.
A. when it has depreciated completely.
When a fixed asset is given away, it should be taken out of the accounts.
When is it appropriate to dispose of a fixed asset?There are a number of possible causes for the asset disposal: The entire depreciation of an asset necessitates its disposal. When an asset is no longer needed or useful, it is sold. Unforeseen circumstances necessitate the removal of an asset from the financial records.
What happens when you sell a decent resource?There are a few things that must happen when selling a plant asset or fixed asset: Up until the date of sale, the fixed asset's depreciation expense must be recorded. Both the updated accumulated depreciation and the cost of the fixed asset need to be eliminated. It is necessary to record the received cash.
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Which is the highest need of a human as perceived by Maslow’s hierarchy of needs?
A. belongingness
B. self-actualization
C. safety
D. basic needs
According to Maslow's hierarchy of needs, the highest need of a human is self-actualization.
Self-actualization is the need to reach one's full potential and to become the best version of oneself. It is the need to be creative, to understand oneself, and to understand the world around us. It is the need for self-fulfillment and self-expression.
Self-actualization is the highest level of Maslow's hierarchy of needs because it is only when all the lower-level needs, such as basic needs, safety, belongingness, and esteem, have been met that an individual can truly focus on self-actualization. Without these lower-level needs being met, an individual will not have the resources or emotional stability to focus on self-actualization.
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The cars sales man made 13% commission on sales this year. If he sold 3.4 million dollars in cars sales. How much commission did he make this year?
The car salesperson made a commission of $442,000 this year.
In order to calculate the commission, we need to multiply the sales amount by the commission rate.
The salesperson sold $3.4 million in cars, and the commission rate was 13%. To find the commission, we multiply $3.4 million by 0.13 (or 13% expressed as a decimal). The calculation is as follows:
Commission = $3.4 million × 0.13 = $442,000.
Therefore, the car salesperson made a commission of $442,000 this year based on their sales of $3.4 million.
In this case, the car salesperson earned a commission based on a percentage of their sales. The commission rate was 13%, which means they received 13% of the total sales amount.
To find the commission, we multiply the sales amount by the commission rate expressed as a decimal. In this scenario, the salesperson sold $3.4 million worth of cars, so we multiply $3.4 million by 0.13.
The result is $442,000, which represents the commission earned by the salesperson. It's important to note that commission rates may vary in different industries and organizations, and they are typically agreed upon between the salesperson and their employer.
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The car salesperson made a commission of $442,000 this year.
In order to calculate the commission, we need to multiply the sales amount by the commission rate.
The salesperson sold $3.4 million in cars, and the commission rate was 13%. To find the commission, we multiply $3.4 million by 0.13 (or 13% expressed as a decimal). The calculation is as follows:
Commission = $3.4 million × 0.13 = $442,000.
Therefore, the car salesperson made a commission of $442,000 this year based on their sales of $3.4 million.
In this case, the car salesperson earned a commission based on a percentage of their sales. The commission rate was 13%, which means they received 13% of the total sales amount.
To find the commission, we multiply the sales amount by the commission rate expressed as a decimal. In this scenario, the salesperson sold $3.4 million worth of cars, so we multiply $3.4 million by 0.13.
The result is $442,000, which represents the commission earned by the salesperson. It's important to note that commission rates may vary in different industries and organizations, and they are typically agreed upon between the salesperson and their employer.
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