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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P A R T I Healthcare Finance Overview CHAPTER Introduction to Healthcare Finance 1 Progress Notes After completing this chapter‚ you should be able to THE HISTORY Financial management has a long and distinguished history. Consider‚ for example‚ that Socrates wrote about the universal function of management in human endeavors in 400 B.C. and that Plato developed the concept of specialization for efficiency in 350 B.C. Evidence of sophisticated financial management exists for much
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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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following terms‚ and provide an example of each. Term | Definition and example | Responsibility centers | Units in an organization that has control over cost‚ revenue‚ and investment funds. An example of this is a human resources and purchasing. | Revenue centers | Unit in an organization that is responsible for generating revenue for the company. An example of this is the sales department. | Cost centers | A part of the organization that does not produce or add money to the company but
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subunit of the larger organization that is responsible for some type of budget. | Revenue centers | These are charged with both an expense and a revenue budget. (Example) An organization revenue center‚ collectively‚ have the obligation to meet through their production of revenues‚ the cost of all centers and of all revenue centers. | Cost centers | These have no revenue budgets and no obligation to earn revenue for the organization. (Example) Administration is always a cost center‚
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THE REVENUE SOURCES OF FACEBOOK.COM Facebook Revenues Up to $700 Million in 2009‚ On Track Towards $1.1 Billion in 2010 Facebook is tight-lipped about its revenue numbers‚ which is typical of private companies. The most it has said publicly is that it became “free cash-flow positive” as of last September. At the time‚ we estimated it was set to bring in around $550 million for the year in revenues based on previous reports that we and others had heard‚ and from our own calculations. But how did
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Revenue sources Education systems need to raise sufficient revenues to ensure that‚ if used efficiently‚ students may reach appropriate learning goals at each education level. In general‚ countries raise revenues for education through three broad sources: international‚ public and private. A big challenge for many countries is raising sufficient revenues to expand enrollment while maintaining‚ or even raising‚ school quality. While increasing efficiency in the use of resources is necessary‚ countries
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such as patterns of law breaking‚ bad behaviour‚ character flaws‚ or a laissez-faire attitude toward regulatory compliance. You can unearth this sort of information by doing some detective work; checking your target on the internet‚ talking with sources close to the target and‚ unsavoury as it may seem‚ going through your target’s garbage - literally (double check with your municipality laws‚ but most of the time once garbage is on the curb‚ its fair game!) The important thing here is that if you
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Axia Material Cost Classifications Consult Ch. 6 & 7 of Health Care Finance and other sources to complete the form. This worksheet requires you to match the definitions and examples of types of cost‚ and the types of centers where costs occur. Part 1: For each term in Column A‚ select the correct definition from Column B on the right. Write the corresponding letter of the definition next to the term. |Column A | |F |Indirect costs
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