Define Global Budget (elaborate) Summarize your understanding of the 3 Activity Based Funding models and indicate the pros & cons of each one. How do CMGs play a role in Activity Based Funding? What is your opinon on using CMGs in this type of funding? Why is the quality of coding so important in this methodology? Activity based funding vs Patient level costing? Refer back to HIMII 201 Lessons 31 & 32 (Take note of Variable & Fixed costs)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 11EA: Look up the definitions for the following terms: Budget (Budgeting) Capital budget (Capital...
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  1. Define Global Budget (elaborate)
  2. Summarize your understanding of the 3 Activity Based Funding models and indicate the pros & cons of each one.
  3. How do CMGs play a role in Activity Based Funding? What is your opinon on using CMGs in this type of funding?
  4. Why is the quality of coding so important in this methodology?
  5. Activity based funding vs Patient level costing? Refer back to HIMII 201 Lessons 31 & 32 (Take note of Variable & Fixed costs)
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