ACHE - Governance and Organizational Structure All Answers
Correct
1. Strategic Business Unit
A distinct division, product line, or profit center within an organization that concentrates on a specific
product line or market segment to drive profitability. ️
2. Span of Control
The ...
ACHE - Governance and Organizational Structure All Answers
Correct
1. Strategic Business Unit
A distinct division, product line, or profit center within an organization that concentrates on a specific
product line or market segment to drive profitability. ✔️
2. Span of Control
The ideal number of subordinates a manager should supervise effectively. ✔️
3. Reserved Powers
Authority that is permanently allocated to the central corporation within a multi-corporate structure.
✔️
4. Mission
The overarching purpose of the healthcare organization, outlining its intentions to benefit the
community and contribute to various objectives related to service, cost/finance, population health, and
responsible stewardship. ✔️
5. Management Letter
A correspondence from auditors to management and governing boards accompanying the audited
financial statements, offering recommendations based on observations made during the audit and
addressing issues relating to organizational structure and efficiency. ✔️
6. Licensed Independent Practitioner
An individual authorized by law to provide healthcare services independently, operating within the
limits of their state-conferred license and granted clinical privileges. ✔️
7. Joint Venture
A collaborative corporation jointly owned by two or more independent entities, featuring capital
contributions from all partners and shared governance and management responsibilities. ✔️
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