Associate Level Material Comparative Data Resource: Ch. 14 of Health Care Finance Complete the following table by writing responses to the questions. Cite the sources in the text and list them at the bottom of the table. |What criterion must be met |Consistency: Important when comparing data to make sure the data compared was prepared the correct way and done the same each time. | |for true comparability? |
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|Syllabus | |College of Natural Sciences | |HCA/270 Version 3 | |Financial Matters for Health Care Professionals | Copyright © 2011‚ 2009‚ 2007 by University of Phoenix. All rights reserved. Course Description This course is designed as an introduction to the terminology‚ processes‚ functions
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Present and Future Value HCA 270 Calculate the future value of the following: * $5‚000 compounded annually at 6% for 5 years $6‚691.13 * $5‚000 compounded semiannually at 6% for 5 years $6719.58 * $5‚000 compounded quarterly at 6% for 5 years $6734.28 * $5‚000 compounded annually at 6% for 6 years $7092.60 Answer the following: The conclusion that can be drawn about the frequency of compounding interest is that the more frequency the better. The conclusion
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Appendix C - HCA/270 Health Care Finance | PART III - Grouping Expenses by Cost Center | Background: Cost centers are used in an organization to group expenses. For example‚ the patient registration department would be a cost center. All costs associated with operating the patient registration department would be grouped into this cost center. Items such as paper‚ copier rental‚ education and training for new employees‚ and computers used by the registration employees would be allocated to this
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Axia College Material Appendix D Costs and Cost Control Part I—Costs: Briefly define the following terms‚ and provide examples where appropriate. Term | Definition and example | Direct costs | An expense that can be traced to a specific cost center or object. An example of this would be labor costs or costs for materials. | Indirect costs | An expense that is incurred in joint usage and is hard to track to one specific cost center. An example of this would be cost for advertising
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Associate Level Material Comparative Data Resource: Ch. 14 of Health Care Finance Complete the following table by writing responses to the questions. Cite the sources in the text and list them at the bottom of the table. What criterion must be met for true comparability? | True comparability needs to meet three criteria: consistency‚ verification and unit measurement. (Baker & Baker‚ 2012) | What elements of consistency should be considered? Provide an example. | The elements
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Associate Level Material Comparative Data Resource: Ch. 14 of Health Care Finance Complete the following table by writing responses to the questions. Cite the sources in the text and list them at the bottom of the table. What criterion must be met for true comparability? | For true comparability‚ consistency‚ verification and unit measurement must be met. Consistency is vital to make sure that all things are done in the same manner throughout the same time period. Verification is
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Axia College Material Appendix D Costs and Cost Control Part I—Costs: Briefly define the following terms‚ and provide examples where appropriate. Term | Definition and example | Direct costs | These are costs that incurred directly as a result of providing a specific good or service. (Example) A patient is in the hospital and all of the services are included in the cost. | Indirect costs | These are those that cannot be tied directly to the patient as they stay in the hospital. (Example)
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Use the balance to determine the mass of the rectangular solid. Record the mass to the nearest 0.01 g in the data table. Volume: Use the metric ruler to measure the length‚ width‚ and height of the rectangular solid. Record these measurements to the nearest 0.1 cm in the data table. Calculate the volume using the following formula: Volume (cm3) = length (cm) x width (cm) x height (cm)
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DATA TABLES: DISEASE LESSON 1 Lesson 1: Step 1 Population Number Starting Number of Contagious People Sick Days Reported Contagious Contagion Rate Prediction 200 5 60 5 0.5 Simulation Run 1 600 3 51 0 0.1 Simulation Run 2 600 3 85 0 1.0 Simulation Run 3 600 3 28 0 0.0 Lesson 1: Step 2 Population Number Population Density Starting Number of Contagious People Sick Days Reported Contagious Contagion Rate Prediction 1 (low) 125 Low 5 90 250 1.5
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