How might the structure and roles of finance departments in different healthcare settings differ? Briefly compare at least three different settings.

Q: ost effective care to patients?

A: In the United States, managed care or managed health care refers to a set of actions aimed at…

Q: How does Medicare reimburse physician services?

A: Reimbursement is the process of paying back someone the expenses that they have incurred initially.…

Q: Explain the difference between gross medical services revenue and net medical services revenue

A: Please find the answer to the above question below:

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: mological services divided?

A: General Ophthalmological ServicesThere are two levels of general ophthalmologic services,…

Q: Discuss some factors that health services managers must consider when choosing between debt and…

A: Before we compare and constrast debt & equity as source of finance, let's understand a bit about…

Q: All of the following statements correctly describe a Health Care Spending Account (HCSA), EXCEPT: O…

A: The concept of health care spending account is account for employee benefit.this account states that…

Q: Identify and explain the cost controls utilized by Managed-Care health plans

A: Managed care health plans is a recent change in health care insurance plan in country to reduce 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: ____________________entities would consider portions of the AICPA Audit and Accounting Guide: Health…

A: The Answer :

Q: What are the Key differences between Private Not-For-Profit and Government Health Care Providers?​

A: Business Organization: Business organization refers to the type of composition based on which a…

Q: Distinguish among a cost center, a profit center, and an investment center. Provide an example of…

A: Here, we need to distinguish among a cost center, a profit center, and an investment center and also…

Q: 5. Discuss some factors that health services managers must consider when choosing between debt and…

A: Capital structure can be defined as the structure of capital of a company which includes combination…

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: 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: Discuss the strengths and weakness of the Newer Innovative health financing mechanisms

A: Innovative financing can enable private investors to participate in health more quickly and bring…

Q: explain in detail canadian health care and fincacial planning

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

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: The following questions concern the appropriate accounting for a private not-for-profit health care…

A: a. Define third party payor and its importance in the development in the accounting principles 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: newer innovative health financin

A: Innovative financing can enable private investors to participate in health more quickly and bring…

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: Give three examples of : Liabilities in a Healthcare organization (name the organization you are…

A: We know that Liabilities are of two types Current Liabilities: These are the liabilities which are…

Q: Indicate whether the statement is true or false, and justify your answer.In the 2010 American health…

A: The health care reform law passed in 2010 march. The rule has 3 main goalmouths:  The law delivers…

Q: nonfinancial performance measures

A: Nonfinancial performance measures are metrics used to measure the performance of an entity not…

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: Write down the importance of time value of money for healthcare organization.

A: TVM is the concept which states that worth of money today is more than its worth in the future.

Q: A Voluntary Health & Welfare NFP would include which of the following financial statements in its…

A: FASB 117 describes the FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANIZATIONS

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: Which of the following statements is true regarding postretirement health care benefit obligations…

A: Post retirement  health care benefits are the benefits  provided by employer to his employees  on…

Q: Why is the statement of functional expenses required for voluntary health and welfare organizations?

A: Voluntary Health and Welfare Organizations Voluntary Health and Welfare organizations (VHWO's) are…

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…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.