nonfinancial performance measures

Q: Group of answer choices a. type of care

A: Grooming/personal hygiene, clothing, toileting/continence, transferring/ambulating, and eating are…

Q: How to assess the financial condition of public hospitals. What financial indicators to use?

A: It is important for investors and internal management to assess the financial condition of public…

Q: what are the primary cost saving features of a managed care plan?

A: Managed care plan refers to that health insurance plan that gives medical reimbursement to the…

Q: Describe the unique aspects of accounting for health care entities.

A: Accounting:   It refers to recording the financial transaction of an organization and presenting the…

Q: What are various costs of quality incurred by multispecialty hospital ?

A: The question is based on the concept of explaining the cost incurred to maintain quality in any…

Q: How might the structure and roles of finance departments in different healthcare settings differ?…

A: The role of healthcare financial department in the health care settings are different in accordance…

Q: State True or False: Health care in most high-income, developed nations is organized on a…

A: Health care in most high-income, developed nations is organized on a fee-forservice basis as it is…

Q: Why is financial ratio analysis crucial for understanding the financial position of a healthcare…

A: Importance of financial ratios for understanding the financial position of a healthcare organization…

Q: Recognize the difference between a medical issue and its symptom. Give an illustration of what I…

A: Identifying the Issue: Finding errors and omissions in accounting records is a process known as…

Q: How much is the patient services revenue? How much is the operating revenue? How much is the total…

A: Patient revenue services includes charges for direct patient care such as doctor's fees,room…

Q: Have we made the payment structure of health care to complicated?

A: Health care providers are paid based on the quality of care they provide rather than…

Q: Identify the process of Recovery Audit Contractors and discuss its impact on healthcare…

A: Recovery Audit Contractors The main obligation of Recovery Audit Contractors to identified the fault…

Q: What are the differences between the strategic initiatives and operating activities of a health care…

A: Difference among operating activities of healthcare organization and strategic initiativesStrategic…

Q: How does Medicare reimburse hospitals for inpatient stays?

A: Reimbursement of expenses is the process through which the out-of-pocket expenses are compensated by…

Q: ategies that a hospital must do to achieve financ

A: Financial health is necessary for any organization and this is very important to maintain and grow…

Q: explain in detail canadian health care and fincacial planning

A: The answers, along with explanation,is provided below:

Q: How is health care marketing different from marketing in other industries?

A: Healthcare sector includes companies that manufacture healthcare products, medical equipments, and…

Q: For-profit hospital management must strike a balance between their fiduciary responsibilities to the…

A: We can basically divide the hospitals into two categories, that are; for-profit hospitals and…

Q: ways to increased health insurance coverage among the workforce

A: Health Insurance Coverage are the legal contracts in which the holder of the health insurance cover…

Q: Why is accounting important in healthcare?

A: Accounting is the process of recording, summarizing, analysis, interpretation and communication of…

Q: Which of these duties might a financial manager in a healthcare organization be responsible for?…

A: answer: Conduct data analysis to report to the board of directors on new revenue sources

Q: What have been the CONSEQUENCES of BC/BS conversion from not-for-profit to for-profit status in…

A: Blue Cross  Blue Cross is a name used by an association of health insurance plans throughout the…

Q: Is it possible for one hospital to have an income and expenditure account whereas another has a…

A: Is it possible for one hospital to have an income and expenditure account whereas another has a…

Q: Medigap insurance is a government medical insuran needy.

A: Private insurance companies sell and administer Medicare supplemental insurance, or Medigap. They…

Q: Indicate whether the statement is true, false, or unclear, and justify your answer.On average,…

A: Life insurance additionally presents a prepared market for testing the forecasts of the adverse…

Q: Distinguish among the following types of operational audits: Functional, Organisational and Special…

A: Functional : It means typically the activities a business such as operational production or…

Q: Discuss the salient forces leading to the rise and fall of various types of managed care plans.…

A: Cost factors are increasingly influencing the evolution of health care policy on a global scale.…

Q: What have been the consequences of BC/BS conversion from not-for-profit to for-profit status in…

A: Consequences of BC/BS conversion form profit motive to non profit motive.   BC/BS an organisation…

Q: Question one Discuss the strengths and weakness of the Newer Innovative health financing mechanisms…

A: the healthcare movement has brought about positive changes in the society which has erase in…

Q: explain and justify how the budget was used to pay hazard pays and other benefits to health workers…

A: Answer: The pandemic time was one of the worst period in lifetime history of human. The world's…

Q: Indicate whether each statement is true or false, and justify your answer.The results of any CEA…

A: Cost Effective Analysis is the analysis where comparison between the total cost with the expected…

Q: Please describe the importance of financial information in healthcare organizations and list the…

A: Healthcare organizations, contrary to popular belief, need and require financial information in…

Q: dict future cost and profitability? How can CVP analysis be used in a hospital setting?

A: The main tools used for a CVP analysis hospital are Break even analysis Contribution margin…

Q: What is the value of the transparency of the hospital compare data (consider for hospitals that are…

A: Quality score in hospitals is a standard /metric/ tool used which signify the trend of patients’…

Q: Which of the following entities would consider portions of the AICPA Audit and Accounting Guide:…

A: Which of the following entities would consider portions of the AICPA Audit and Accounting Guide:…

Q: The following information has been gathered onthe costs and effectiveness of the two treatments,…

A: Introduction:- A cost-effectiveness research looks at the costs of one or more medicines as well as…

Q: Which of he following stalements is CORRECT about benefits provided by a Basic Hospital and Surgical…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Trends in the Industry

We all know that we live in a dynamic environment that keeps changing with no break. Earlier, we used to visit banks for any work, but now you can do any work online. Similarly, shopping is also no more physical. You need an excuse to buy something, and there you go shopping online. All these changes are the need of the hour, and to make these changes feasible and possible industry needs to change its trend.