Health Care Finance: Basic Tools for Nonfinancial Managers

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 HCS 405 Week 2

CHAPTER 4 Revenues (Inflow)

1. What grouping of revenue do you believe your organization uses (revenue centers, care settings, service lines, other)?


2. Does your organization receive revenue mainly in the form of payment after service is delivered or payment before service is delivered?

Health Care Finance: Basic Tools for Nonfinancial Managers (4th ed.), Ch. 5

3. What are the largest expense categories incurred by health care service organizations?

CHAPTER 6   Cost Classifications

4. In your own workplace, can you give a good example of a direct cost? An indirect cost?


5. Does your organization use responsibility centers?

Health Care Finance: Basic Tools for Nonfinancial Managers (4th ed.), Ch. 10

6. What are the titles and functions of the four financial statements usually included in an audited financial report?

CHAPTER 10   Reporting as a Tool

7. Can you give an example of an asset? A liability?


8. Does the concept of revenue less expense equaling an increase in equity or fund balance make sense to you? If not, why not?

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