The cost of healthcare - Study guides, Class notes & Summaries

HFMA's CSAF 2021, Certified Specialist Accounting And Finance Study Guide 2024. Contribution Margin - ANSWER Difference between marginal revenue and marginal cost. Break-even point - ANSWER Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - ANSWER Indirect Costs Activity-based costing (ABC) - ANSWER Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incu...

Steps used to control costs of managed care include: - ANSWER-Bundled codes Capitation Payer and Provider to agree on reasonable payment DRG is used to classify - ANSWER-Inpatient admissions for the purpose of reimbursing hospitals for each case in a given category w/a negotiated fixed fee, regardless of the actual costs incurred Identify the various types of private health plan coverage - ANSWER-HMO Conventional PPO and POS HDHP/SO plans - high-deductible health plans with a savings...

HIS implementation benefits to healthcare can improve cost control, increase the timeliness and accuracy of patient care and administration information, increase service capacity, reduce personnel costs and inventory levels, and improve the quality of patient care. Nurse informaticist role in health information system Looks for information, verifies ownership of information and connects other parties within the healthcare organization. Lewin's Change Model unfreezing, changing,...

The basic structure of a typical healthcare organization resembles a a. Circle b. Pentagon c. Pyramid d. Straight line - ANSWER-b. Pyramid The most primary overriding concern of any security department should be a. Its image b. The safety and well-being of anyone in the facility c. The goals and mission if the entity employing the security services d. Cost-effectiveness - ANSWER-b. The safety and well-being of anyone in the facility Which accreditation body provides standards to ad...

CSBI HFMA: Certified Specialist Business Intelligence HFMA Exam| Questions and Verified Answers (2023/ 2024 Update) What has changed for Healthcare Analytics? - ANSWER 1 - Increased computing power and storage, decrease in cost; 2 - increased abundance of data in healthcare; 3 - increase in individuals having strong competencies Big Data - ANSWER Refers to the Growth in...

LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed Under which situation must insurable interest exist between the applicant and insured at the time of application? When a third-party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid?...

What type of disorder with a patient have if they are demanding unnecessary tests and do not comply with recommendations of medical professionals? Hint - these patients often acquire high cost in healthcare and are doctor shoppers - ANSWER Somatic symptom disorder What are the common complaint of Somatic symptom disorder - ANSWER Pain, difficulty swallowing, G.I., shortness of air, dizzy

ATI Test, Nurse's Touch, Nursing informatics and Technology Questions and Answers 2023/2024 Latest Update (A+). Terms in this set (30) Which of the following illustrates the integration of informatics into a health care system to support cost containment? A. Offering free wireless internet access to visitors. B. Installing barcodes on medications with alerts for low supplies. C. Integrating an electronic health care record on a platform compatible with computers & tablets. B (This ...

MHA 710 Exam 1 Questions and Answers 100% Pass What is "economics"? - Correct Answer ️️ -A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - Correct Answer ️️ -1. The central roles of risk and uncertainty 2. The complexities created by insurance 3. The perils produced by information asymmetries 4. The problems posed by not-for-profit organizations 5. The rapid and confusing...

Walmart- Food Certification Test 2024/2025 Questions with Correct Answers Population at Risk - Correct Answer Preschool age children, older adults in healthcare facilities, women who are pregnant, and those with impaired immune systems. Annual cost for food borne illness - Correct Answer Between 10 and 83 billion Surveillance is complicated by several factors - Correct Answer First- Underreporting Second- Many pathogens transmitted through food are also spread through water or from pers...