MHA 706 (LSUS MHA 706) Already Passed BUNDLE

MHA 706 Module 3 (LSUS MHA 706 Ratio) Ratio Analysis - CORRECT ANSWER-technique used in financial condition analysis Financial ratio analysis - CORRECT ANSWER-combines values from the financial statements to create single numbers that facilitate comparisons Profitability ratio - CORRECT ANSWER-...

Financial Accounting - CORRECT ANSWER-involves identifying, recording and communicating the operational results and status of organization. (i.e. income statement, statement of changes in equity, balance sheet, and statement of cash flows) Do not for profit organizations have to prepare financia...

Healthcare Finance - CORRECT ANSWER-is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting - CORRECT ANSWER-concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations,...

What is financial accounting? Identify, record, and communicate operational results and status of organization. What is the difference between finance and accounting? Accounting - Emphasis on recording transaction Finance - records transaction and analyze data What are the 4 most important fina...

Proprietorships & Partnerships: Pros & Cons - CORRECT ANSWER-Pros: Ease of Information, Subject to a few regulations, no corporation income taxes. Cons: Limited life, difficult to transfer, unlimited life, difficult to raise capital. Corporations: Pros & Cons - CORRECT ANSWER-Pros: Unlimited life...

Direct Costs - CORRECT ANSWER-Costs unique and exclusive to a department. GENERATE REVENUE Ex- costs associated with providing the clinical testing such as staff and supplies. Indirect costs (overheads) - CORRECT ANSWER-Costs associated with shared resources used by the entire organization Ex-c...

Indirect Costs - CORRECT ANSWER-Are costs associated with shared resources used by the entire organization Cost Driver - CORRECT ANSWER-Is the basis on which the cost pool will be allocated Cost Pool - CORRECT ANSWER-Is the overhead amount to be allocated Overhead departments - CORRECT ANSWER-A...

The major provisions of the Patient Protection & Affordable Care Act of 2010 were? -Banning of preexisting condition coverage limitations -Free preventative care -Medicaid expansion Which of the following statement(s) about the finance department a t large healthcare organizations is/are corre...

Cost Driver is the... basis cost pool will be allocated Cost Pool is the... overhead amount to be allocated Overhead Departments are... often called cost centers Indirect Costs Costs of shared resources used by the entire organization Patient Service Departments are... often called revenue ...

Individuals at greater risk of needing health care are more likely to purchase insurance - CORRECT ANSWER-Adverse selection Healthcare Finance - CORRECT ANSWER-the practice of finance, including both accounting AND financial management Accounting - CORRECT ANSWER-the measurement, in financial (d...