Health care finance! | Business & Finance homework help

Which of the following statements best describes the revenue cycle?

a. It focuses on cash management.
b. It focuses on inventory management.
c. It focuses on receivables management.
d. It focuses on cash, inventory, and receivables management.
e. It focuses on all activities associated with billing and collecting for services.

Answer: _____

 

2. The revenue cycle is composed of:

a. Before service activities
b. At-service activities
c. After-service activities
d. Monitoring and reporting activities
e. All of the above activities

Answer: _____

 

3. True or False: Two important keys to successful revenue cycle management are information technology and electronic claims processing.

a. True
b. False

Answer: _____

 

4. Which of the following techniques are used to monitor a business’s receivables?

a. Average collection period
b. Aging schedule
c. Collections budget
d. Both a. and b. above
e. a., b., and c. above

Answer: _____

 

5. True or False: Float is the difference between the balance shown on the bank’s books and the balance on the business’s own checkbook.

a. True
b. False

Answer: _____

 

6. True or False: A business’s float is maximized by accelerating disbursements and slowing receipts.

a. True
b. False

Answer: _____

 

7. Businesses hold short-term securities for which of the following reasons?

a. As a substitute for cash
b. As a temporary repository for cash being accumulated for a specific purpose
c. As a buffer against bad debt losses.
d. Both a. and b. above
e. a., b., and c. above

Answer: _____

 

8. True or False: In general, short-term securities are chosen on the basis of safety; that is, protection of principal takes precedence over amount of return.

a. True
b. False

Answer: _____

 

9. True or False: The goal of inventory management is to ensure that the stock-out rate is less than 10 percent, which means that the business runs out of less than 10 percent of its inventory items in any given year.

a. True
b. False

Answer: _____

 

10. Which of the following inventory management techniques are currently being used by healthcare providers?

a. Just-in-time systems
b. Stockless systems
c. Consigned inventory systems
d. Both a. and b. above
e. a., b., and c. above

Answer: _____

 

11. Which of the following operating metrics is used to monitor labor productivity?

a. Profit per discharge
b. Length of stay (LOS)
c. FTEs per occupied bed
d. Medicare percentage
e. Outpatient revenue percentage

Answer: _____

 

12. Which of the following techniques are used to help interpret operating metrics?

a. Trend analysis
b. Comparative analysis
c. Scale analysis
d. Both a. and b. above
e. a., b., and c. above

Answer: _____

 

13. Suppose that a clinic has third-party payer revenues of $10,000 a day. On average, it takes the clinic 50 days to collect from its payers. What will be the steady state receivables balance?

a. $ 10,000
b. $ 50,000
c. $250,000
d. $500,000
e. $750,000

Answer: _____

 

14. Suppose a hospital writes checks of $100,000 per day and it takes, on average, 7 days for those to be received and clear the banking system. Furthermore, the hospital receives $120,000 in checks daily that take 4 days to be deposited and credited. What is the hospital’s float?

a. $100,000
b. $120,000
c. $220,000
d. $240,000
e. $440,000

Answer: _____

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency