Mha 706 4 - Study guides, Class notes & Summaries

MHA 706 - Mod 6 pt2 - The Basics of Capital BudgetingWhat are the three classifications of Capital Budget? - Mandatory Replacement (simple analysis) - Expansion of existing services - Expansion into new services (may require higher level approval) What is the purpose of Financial Analysis for For-profit and Not-for-Profit? For-Profit: Projects that contribute to shareholder wealth Not-for-Profit: Projects expected effect on business financial condition. What are the four parts i...

MHA 706 Module 4 Exam Practice Questions and Answers (100% Pass)

MHA 706 Mod 3 - Financial Condition Analysis What are 2 forms of Financial condition Analysis? - Financial Statement Analysis - Operating Indicator Analysis What is the focus on Financial Statement Analysis? Information in a business's financial statement with the goal of assessing financial condition What is the focus on Operating indicator analysis? Focuses on operating data with the goal of explaining financial performance What is a trend analysis? observing of a metric ...

MHA 706 - MODULE 1 questions well answered 2024/2025Healthcare finance is the practice of finance including both accounting and financial management, within health services organizations. Accounting concerns the measurement in financial terms of events that reflect the resources, operations, and financing of an organization. Financial management provides the theory, concepts, and tools necessary to help managers make better financial decisions. Pure charity refers to an undert...

MHA 706 Module 4 questions with answers 2024/2025 Patient Service Departments - correct answer Are often called revenue centers Indirect Cost - correct answer Are cost associated with shared resources used by the entire organization Direct Costs - correct answer Are costs unique and exclusive to a department Overhead departments - correct answer Are often called costs centers Cost Pool - correct answer Is the overhead amount to be allocated Cost Driver - correct answer Is t...

Patient Service Departments - CORRECT ANSWER-Are often called revenue centers Indirect Cost - CORRECT ANSWER-Are cost associated with shared resources used by the entire organization Direct Costs - CORRECT ANSWER-Are costs unique and exclusive to a department Overhead departments - CORRECT ANSWER-Are often called costs centers Cost Pool - CORRECT ANSWER-Is the overhead amount to be allocated Cost Driver - CORRECT ANSWER-Is the basis on which the cost pool will be allocated When you div...

MHA 706 Module 1: Parts 1 & 2Healthcare finance - correct answer This is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting Financial management - correct answer _______ concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization. _______ ______provides the theory, concepts, and tools necessary to help managers make better fi...

MHA 706 Module 4Patient Service Departments - correct answer Are often called revenue centers Indirect Cost - correct answer Are cost associated with shared resources used by the entire organization Direct Costs - correct answer Are costs unique and exclusive to a department Overhead departments - correct answer Are often called costs centers Cost Pool - correct answer Is the overhead amount to be allocated Cost Driver - correct answer Is the basis on which the cost pool wil...

NEW MHA 706 FINANCIAL MANAGEMENT ACTUAL EXAM 2024 200 QUESTIONS AND CORRECT ANSWERS (GRADED PASS) Ch 02A - 1 Which of the following activities are business characteristics? a. Raises money in the capital markets. b. Uses money raised to purchase assets such as land, buildings, and equipment. c. Uses the purchased assets to create goods and/or services. d. Sustains itself financially by selling the goods and/or services produced. e. All of the above are business characterist...

Patient Service Departments - CORRECT ANSWER-Are often called revenue centers Indirect Cost - CORRECT ANSWER-Are cost associated with shared resources used by the entire organization Direct Costs - CORRECT ANSWER-Are costs unique and exclusive to a department Overhead departments - CORRECT ANSWER-Are often called costs centers Cost Pool - CORRECT ANSWER-Is the overhead amount to be allocated Cost Driver - CORRECT ANSWER-Is the basis on which the cost pool will be allocated When you div...