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CNML FINANCIAL MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED. CA$14.96   Add to cart

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CNML FINANCIAL MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED.

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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...

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  • September 23, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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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

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