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Question
volume variance is calculated as the difference between the total budgeted cost based on a predetermined, expected workload level and the amount that would have been budgeted had the actual workload been known in advance.
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regarding percentage-based measures of meaningful use, what following questions are correct? a. are we excluded from the measure? b. what makes up the denominator of the measure? c. what makes up the numerator of the measure? d. a & b e. a & c f. b & c g. all of the above
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which of the following statements is generally correct regarding payments to hospitals under the ehr incentive medicare program? a. payments to eligible hospitals may include a base amount plus an additional formula-driven amount only if the hospital qualifies to receive the additional amount b. payments to all eligible hospitals will include a base amount and an additional formula-driven amount c. neither of the above
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the text illustrates the information system components for an ambulatory care setting that uses a clinical and financial data repository (both clinical and financial data are fed into the same information system). links to this system are explained as follows: a. the electronic data information (edi) link to insurance company databases is a system output -yes b. the electronic data information (edi) link to insurance company databases is a system input -no c. an automated medical record link provides additional input -yes d. a & c e. b & c f. none of the above
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within the annual management cycle, annual year-end reports will: a. allow the closing out of the information system so a new cycle can begin with the new year b. report the end of a specific reporting period continue the information systems reporting cycle into a new year rather than closing it out c. a & b d. a & c e. b & c f. none of the above
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regarding healthcare financial systems, the knowledgeable manager should be able to: a. understand that four separate segments of a system exist b. recognize how the segments fit together within a particular organization c. recognize where his or her duties fit within these segments d. be able to make executive decisions concerning a particular segment e. a, b & c f. a, b & d g. a, c & d h. all of the above
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managerial accounting is primarily for third party or outside use.
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the purpose of an organization chart is to indicate how responsibility is assigned to managers and to certain outside third parties.