Wednesday, 5 March 2014

Health Care Financial Terms Worksheet

Complete the worksheet below according to the following guidelines:

·         In the space provided, write each term’s definition as used in health care management. You must define the term in your own words.
·         In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. . In the scenario, you may wish to consider the following:

o    Why is the skill, concept, procedure, or tool necessary for accurate record keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, and so forth?
o    What successes are enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool?
o    What risks or failures are associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool?

Save the completed worksheet as a Microsoft® Word document with your name in the file name.
Submit the file to your instructor.

 

Worksheet


Submitted By:


[Type your name here.]

Term
Definition
Scenario
Forecast


Full-time equivalents


Noncontrollable expenses


Nonproductive time


Staffing




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