C428
Western Governers University
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WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
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WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE 
What is healthcare finance? It encompasses the accounting and financial management functions of healthcare organizations. The two functions blend together, with accounting generating the data needed to make sound decisions and financial management providing the framework for those decisions.
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C428 WGU Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
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C428 WGU Exam Questions and Answers| 
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The 4 C's (Finance Activities) ------*Costs >monitor costs 
*Cash------ >keep enough cash 
*Capital------ >raise needed capital(money) to invest 
*Control----->control resources 
Accountable Care Organization Accountable Care Organizations(ACOs) are groups of 
Medicare providers and suppliers that work together to coordinate care for traditional 
Medicare patients. 
Their goal is to deliver seamless, high-qua...
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WGU C777 EXAM QUESTIONS & ANSWERS PACKAGE DEAL | ALREADY PASSED| 2024 UPDATE
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WGU C777 EXAM QUESTIONS & ANSWERS PACKAGE DEAL | ALREADY PASSED| 2024 UPDATE
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WGU C428 EXAM BUNDLE PACK WITH COMPLETE SOLUTIONS | ALREADY GRADED A+ | 2024 UPDATE
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WGU C428 EXAM BUNDLE PACK WITH COMPLETE SOLUTIONS | ALREADY GRADED A+ | 2024 UPDATE
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WGU C428 Pre-assessment Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
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WGU C428 Pre-assessment Exam Questions and 
Answers| ALREADY PASSED |2024 
LATEST UPDATE 
A medical center is expanding its hospital staff to accommodate the increasing number of 
flu cases seen over the past weeks. 
Which type of finance activity is described in this scenario? 
Cost 
Cash 
Capital 
Control Cost 
A healthcare organization's senior finance leader is responsible for all financial plans and 
activities related to reimbursement, accounting, budgeting, and management for a 
healthca...
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WGU C428 Financial Resource Management in Healthcare Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
- Exam (elaborations) • 12 pages • 2023
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WGU C428 Financial Resource Management in Healthcare 
Questions and Answers| ALREADY PASSED |2024 
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Accounting The measure and recording of events that reflect the operations, 
assets, expenses, and other financing of an organization. 
Breakeven Analysis Determines the point when the investment in the project will generate 
a positive return. 
Business Manager or SBU Manager The manager responsible for the finance function in 
a small healthcare organization, such as a medical prac...
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WGU C428 Financial Resource Management in Healthcare Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
- Exam (elaborations) • 8 pages • 2023
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WGU C428 Financial Resource Management in Healthcare Exam 
Questions and Answers| ALREADY PASSED |2024 LATEST 
UPDATE 
Finance within a healthcare organization can be condensed into the "four Cs": Costs 
Cash 
Capital 
Control 
The finance department manager who handles capital acquisition, investment 
management, and risk management activities Treasurer 
The finance department manager who handles accounting, budgeting, and reporting 
activities. Comptroller 
The head of the finance department...
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WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
- Exam (elaborations) • 27 pages • 2023
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WGU C428 Exam Questions and Answers| 
ALREADY PASSED |2024 LATEST 
UPDATE 
Activity-based costing (ABC): 
A.can be used only in a process cost system. 
B.focuses on units of production. 
C.focuses on activities performed to produce a product. 
D.uses only a single basis of allocation. es on activities performed to produce 
a product. 
Activity-based costing: 
A.is the initial phase of converting to a just-in-time operating environment. 
B.can be used only in a job order costing system. 
C.is a t...
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WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
- Exam (elaborations) • 6 pages • 2023
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WGU C428 Exam Questions and Answers| 
ALREADY PASSED |2024 LATEST 
UPDATE 
What is healthcare finance? It encompasses the accounting and financial management 
functions of healthcare organizations. The two functions blend together, with accounting 
generating the data needed to make sound decisions and financial management providing 
the framework for those decisions. 
What is financial management? The use of theory, principles, and concepts developed 
to help managers make better financial deci...
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WGU C428 Terms (Finance Resource Management in Healthcare)
- Exam (elaborations) • 8 pages • 2023
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vertical analysis - Answer expresses each item in a financial statement as a percentage of the same base amount 
 
Quick Ratio - Answer (Current Assets - Inventory) / Current Liabilities 
 
Current Ratio Equation - Answer current assets divided by current liabilities (Good is in-line/slightly better than industry average. Low = trouble. Industry Average is 2.0.) 
 
times interest earned ratio - Answer EBIT/Interest Expense (The larger the ratio, the better. Industry average is 5.9.) 
 
Ratios - ...
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