CNML FINANCIAL MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED.
6 views 0 purchase
Module
CNML & NE-BC
Institution
CNML & NE-BC
CNML FINANCIAL MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED.
Balance Sheet
statement of assets, liabilities, and capital of an organization at a particular point in time
Revenue
operating revenue generated from primary business activities
gross operating revenue
tota...
cnml financial management exam questions and answe
Written for
CNML & NE-BC
All documents for this subject (24)
Seller
Follow
LIXAN
Reviews received
Content preview
CNML FINANCIAL MANAGEMENT EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED.
Balance Sheet
statement of assets, liabilities, and capital of an organization at a particular point in time
Revenue
operating revenue generated from primary business activities
gross operating revenue
total revenue earned with no expenses removed
net revenue
gross revenue minus all expenses
operating expenses
salaries, benefits, non-productive time, overtime, agency costs, overhead orientation and recruitment
costs, minor equipment, supplies, linen, food, and other contract services
budget variance
difference between expected budget targets versus actual budget results
gross changes
amount an organization bills if they are paid in full
, breakeven
revenue equals expenses
non-operating revenue
revenue from services outside the core services (example - investment income, durable medical
equiptment, retail services, joint ventures).
variable costs
costs that fluctuate with volume
fixed costs
costs that don't fluctuate with volume
market share
percentage of total volue for a health system for specific volumes within a health system as compared
with competitors in the same geographical "market" area
payer mix
percentage of revenue received from each payer source
return on investment
gain or loss generated on an investment relative to the amount of money invested
Net Profit/Total Investment x 100
Investment Income
Income from interest, dividends, and capital gains
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LIXAN. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.39. You're not tied to anything after your purchase.
