Compare bottom-line financial results of using a fixed budget and a flexible budget if volumes (a) increase by 10% or (b) decrease by 10%.
Question 1
Which of the following is not one of the ways a physician’s office can enhance revenue?
[removed] |
Improve documentation for billing and support higher-reimbursement procedures. |
|
[removed] |
Improve patient throughput. |
|
[removed] |
Retain ancillary revenues in the office setting. |
|
[removed] |
Reduce malpractice premiums. |
Question 2
A _________ budget is adjusted for changes in volume.
[removed] |
flexible |
|
[removed] |
cash |
|
[removed] |
operating |
|
[removed] |
volume-adjusted |
Question 3
Because the administration as a whole agrees that these items need to be purchased no matter what, they are deemed eligible for _________.
[removed] |
automatic approval. |
|
[removed] |
approval after careful reviewing. |
|
[removed] |
approval after review by manager. |
|
[removed] |
analyzed approval. |
Question 4
A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.
[removed] |
margin |
|
[removed] |
parameter |
|
[removed] |
list |
|
[removed] |
criteria |
Question 5
A negative consequence for consistently missed budgeted financial targets could be _________.
[removed] |
preparation of a variance report. |
|
[removed] |
training. |
|
[removed] |
warning from higher management. |
|
[removed] |
job termination. |
Question 6
In 2004, physician practices encompassed almost _________ of the industry’s financial outlays.
[removed] |
10% |
|
[removed] |
20% |
|
[removed] |
40% |
|
[removed] |
60% |
Question 7
The initial cash budget should forecast a collection of _________ of budgeted net revenue.
[removed] |
100% |
|
[removed] |
90% |
|
[removed] |
at least 70% |
|
[removed] |
at least 90% |
Question 8
It is likely that _________, as a group, will continue to play the key role they have historically enjoyed as leaders of the health care community.
[removed] |
managed care |
|
[removed] |
physicians |
|
[removed] |
PPMCs |
|
[removed] |
corporations |
Question 9
If an organization does not want to overdraft, then it should look at the _________ cash balance when forecasting checking account balances.
[removed] |
highest weekly |
|
[removed] |
average weekly |
|
[removed] |
lowest weekly |
|
[removed] |
highest |
Question 10
Ideally a cash budget should be updated _________.
[removed] |
weekly. |
|
[removed] |
monthly. |
|
[removed] |
semi-annually. |
|
[removed] |
annually. |
Question 11
Compare bottom-line financial results of using a fixed budget and a flexible budget if volumes (a) increase by 10% or (b) decrease by 10%.
Question 12
Compare the difference between an operating budget, a capital budget, and a cash budget. What are the primary elements in each budget?
Question 13
(Chapters 8-9) Debate the differences between an alert-based decision support management accountability budgeting, monitoring, and reporting system and a standard reporting system that does not provide instant management information to the decision makers.
BHA 4053 Part V Assignment
BHA4053 Part V Assignment
BHA/4053 Part V Assignment
Leave a Reply
Want to join the discussion?Feel free to contribute!