A term that means the assigning of staff to fill scheduled positions.
A budget that generally deals with actual short term revenues and expenses necessary
to operate the facility.
The proportion of revenues realized from different types of payers. A measure often
included in the profile of a healthcare organization.
Making choices among available alternatives.
Provide evidence that some event has occurred in the healthcare financial system.
One of the four basic financial statements. Generally speaking, the balance sheet
records what an organization owns, what it owes, and what it is worth at a particular
point in time.
Makes a manager responsible for both the revenue/volume side and expense side of a
department, division, unit or program
Information used for purposes of planning for the future. Forecast can be short,
intermediate, or long range.
Making sure that each area of the organization is following the plans that have been
Identifying objectives of the organization and identifying the steps required to
accomplish the objectives.
1. Deciding how to use the resources of the organization to most effectively carry out
the plans that have been established.
2. One of the four basic financial statements, this statement reports the inflow of
revenue and the outflow of expense over a stated period of time. The net result is also
reported, either as excess of revenue over expense or in the case of a loss for the
period, excess of expense over revenue.
Statement of Revenue and Expense
3. All administrative and clinical functions that contribute to the capture, management,
and resolution of patient service (includes setting prices, charge capture, coding,
billing, handling denials, and collection).
4. Actual or expected cash inflows due to the organization's major business.
Revenues are amounts earned in the course of doing business. In the case of health
care, revenues are mostly earned by rendering services to patients.
5. A budget usually intended to plan, monitor, and control long-term assets, including
property acquisition, construction and equipment.
Capital expenditures budget
6. These costs are incurred for the sole benefit of a particular operating unit. They
can therefore be specifically associated with a particular unit or department or patient.
Laboratory tests are an example of a direct cost.
7. A budget based on a range of activity or volume. The flexible budget is adjusted, or
flexed to the actual level of output achieved or expected to be achieved during the
8. A measure to express the equivalent of an employee or a position for the full time
required, based on a 40 hour work week.
Full-Time Equivalents (FTEs)
Full-Time Equivalents (FTEs)
9. Outside the manager's power to make decision.
Non Controllable expenses
10. Paid-for time when the employee is not on duty that is not producing. Paid-for
vacation days and holidays are examples of nonproductive time.
11. A health related electronic record of an individual that includes patient
demographic and clinical information and has the capacity...
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