DLM (ASCP) Exam Latest Questions and Answers New Study Guide
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Course
Dlm ascp
Institution
Dlm Ascp
DLM (ASCP) Exam
Project Volumes (forecasting stage)
based on expert opinion, stats, historical data, shifts in patient mix, changes in medical staff composition, changes in inflation/reimbursement ratws, expansion/cutbacks, population fluctuations based on economy
Steps to creating a b...
DLM (ASCP)
Exam
Latest
Questions
and Answers
New Study
Guide
,DLM (ASCP) Exam
Project Volumes (forecasting stage)
based on expert opinion, stats, historical data, shifts in patient mix,
changes in medical staff composition, changes in
inflation/reimbursement ratws, expansion/cutbacks, population
fluctuations based on economy
Steps to creating a budget
1. project volumes
2. convert volumes to revenue
3. convert volumes into expense requirements
4. Adjust revenue/ expenses as necessary to meet budget margin
gross revenue
Rates x Production Unit (Billable test volume)
Financial Statements
convey the financial status of an organization
4 main types - income statement, balance sheet statement of
changes in equity and statement of cash flows.
income statement
summarizes the operations of an organization with a focus on its
revenues, expenses, and profitability. contains operational results
over a period of time.
depreciation
noncash charge against earnings on income statement that reflect
the "wear and tear" on a business' fixed assets (property and
equipment). loss of value
salvage value
amount received when final disposition occurs at end of the asset's
useful life.
, annual depreciation
(initial cost - salvage value)/ useful life
Profit
net income -expense
cashflow
net income + depreciation
Total Profit Margin
Net income divided by total revenues. It measures the amount of
total profit per dollar of total revenues.
fixed costs
cost not related to the volume of services delivered (ex. facilities
cost, lab admin, instrument leases, maintenance contracts)
variable cost
directly related to the volume of services delivered (ex. supplies,
labor costs)
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