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1. What are the four elements of financial management? 2. Briefly explain The Information Flow.  3. How can social media help a hospital manage the patient experience? 4. Briefly explain the difference between short-term and long-term assets. 5. What are the major differences in Government Sourcesand Managed Care Source? 6. Explain the two types of disbursements for services. 7. What is the difference between direct and indirect costs? Explain.

1. Briefly explain The Information Flow.  2. How can social media help a hospital manage the patient experience? 3. Briefly explain the difference between short-term and long-term assets. 4. What are the major differences in Government Sourcesand Managed Care Source? 5. Explain the two types of disbursements for services. 6. What is the difference between direct and indirect costs? Explain.

Discuss how cost accounting can be utilized to support healthcare organizational strategic decisions and goals related to departments, facilities, and services.

how do you use a functional-based approach to figure out a cost per patient day in a hospital?

How can cost accounting be utilized to support healthcare organizational strategic decisions and goals related to departments, facilities, and services.

Create a cross volume profit chart. Select an item or product used in an healthcare organization and describe how you would calculate the break - even point. Describe why this break - even information is useful.

What is the importance of ratio analysis? What are the four main categories? How would a health care manager use ratio analysis?

How does price transparency impact the role of a manager / administrators in a healthcare organization

How does having an effective payment model impact the role of a manager / administrators in a healthcare organization .

PLEASE ANSWER ALL QUESTIONS 27 .Budgeting: A. Sets targets and objectives established by management B. Is intended to control expenses C. Defines how revenue will be earned D. Sets the organization's "rules of the road" for operating 28. Hospitals are currently paid less if a patient is discharged and readmitted within 30 days for a related diagnosis. This is an example of: A. Payment for service provided B. Payment for quality measurement C. Payment for coinsurance D. Payment for deductible 29. Which of the following is not an emerging payment model? A. Patient Centered Medical Home B. ACO C. Bundled Payment D. DRG 30. Which of the following is NOT an incentive to provide more services? A. Capitation B. Charge-based reimbursement C. Per diem D. Per procedure 31. The party ultimately responsible for payment for healthcare services is: A. Medicaid B. The insurer C. The patient D. The provider accounts receivable staff 32. Population health management challenges clinicians to…

Q.Selecting cost-allocation bases that you believe are the most appropriate for allocating indirect costs to programs, calculate the budgeted indirect cost rates for medical supplies; rent and clinic maintenance; administrative costs for patient charts, food, and laundry; and laboratory services.

Which option is the most effective for companies and employees: a flexible spending account (FSA) or a health savings accounts (HSAs)

CASE QUESTIONS AND ANSWERS1. Identify the services and/or programs to be included in thecost and profitability analysis. Infant childcareToddler childcarePre-K childcareRent - School districtRent - Head Start 2. Examine the costs listed in Table 2.a. Identify the direct costs associated with each serviceor program.Labor costs are the only direct costs associated withthe programs. Food costs would be direct costs tothe kitchen area but indirect to the end services.b. Which costs would be organization- or facility-sustainingcosts? Provide an argument for or against assigningthese costs to services or programs. The costs that would be considered to be organizationsustaining costs include depreciation, buildinginsurance, and interest expense on the mortgage debt.Both ACDC and the tenants use the facility and,thus, should participate in the costs associated withacquiring the space. 3. Identify the broad activity categories and create cost poolsby assigning the costs from Table 2 to the…

The main selling point(s) of managed care is (are) what? ☐ 1) Reduce the cost of care. 2) Raise or maintain the quality of care 3) Help employer select healthier employees in the insurance pool. ○ 4) A & B ☐ 5) B & C ○ 6) A & C

For each of the following expenses, select the best allocation basis. A. Value of insured assets. B. Proportion of total purchase orders for each operating department. C. Square feet of space occupied. D. Number of employees in department. Insurance expenses of all departments. Personnel department expenses of all departments. Purchasing department expenses for the operating departments. Maintenance department expenses of the operating departments.