1.It is important to remember that determining full cost is not as objective and exact a calculation as one might normally think. Indirect costs can be distributed in a variety of ways that can create a significant difference in total costs for many departments (in a hospital).
2.The Patient Protection and Affordable Care Act includes an impact on third party reimbursement including insurance reform, payment and revenue reform, and delivery reform.
3.We defined five uses of financial information. Which one of the five uses of financial information involves a careful analysis of the outputs to inputs by providing outputs at the lowest cost of production?
A.financial condition
B.compliance
C.stewardship
D.efficiency
E.effectiveness