HA 440GRADED Assignment # 2Name _____________________________

Completion

Complete each statement.

1.Expenses are ________________________ costs that have been __________________________ while doing business

2.Three categories of healthcare expenses are ______________________________, ________________________________ and Operations Expenses

3.A program can be defined as a __________________________ that has its own objectives

4._____________________ costs can be specifically associated with a particular unit, department or patient

5.A Responsibility Center makes a manager responsible for both the __________________________ and the ____________________________ sides of a department, division, unit or program.

6.Period Costs are not connected with the ______________________________ process

7.Examples of expenses include salary expense for labor performed, __________________________________ for electricity and __________________________________________ for the use of money

8.Cost is the __________________________________________ expended in consideration of goods or services received or to be received

9.Expenses can be grouped by _________________________________________ which recognizes the different sites at which services are delivered

10.A program is usually funded _________________________________________ and for a______________________________________ of time

11.The somewhat vague definition of a _______________________________________ is any unit for which a separate cost measurement is desired.

12.______________________________________ are incurred for the sole benefit of a particular operating unit.

13.The concept of product costs assumes that a product has been _______________________________ and ______________________________________________ while waiting to be sold.

14.If Revenues are grouped by ___________________________________ or by Service Lines then Expenses should also be grouped by theses categories.

15.Program expenses should be grouped in such a way that they are _______________________________

16.The important thing is that direct costs can be ________________________. Indirect costs, on the other hand, cannot be specifically associated with a particular _____________________________

17._________________________ Costs are incurred for the overall operation and not for any one unit.

18.In Revenue Centers, managers are responsible for generating _________________________ or _________________________________

19.The concept of _______________________ Costs assumes that a product has been manufactured and placed in inventory while waiting to be sold.

20.In healthcare organizations, product costs can be viewed as __________________________ to the cost object of the department, __________________________ or _______________________________

21._________________________ represents the amount earned by an organization.

22.Revenue is generally defined as the value of ______________________________________________, expressed at the facility's full established rates.

23.The traditional payment method in health care is that of payment ____________________________________________________

24.The truly traditional U.S. method of receiving revenue for services is _________________________

25._______________________________________________ are the differences between the full established rate and the agreed-upon contractual rate that will be paid.

26.Medicare's _____________________________________, Part ______ is the prescription drug benefit.

27.The __________________________________________ is the largest U.S. Government Program providing funds for medical and health-related services for the poor.

28.Generally speaking, conventional indemnity insurers or _______________________________________, simply pay for the eligible health services used by those individual who pay premiums for healthcare insurance.

29.Grouping revenue by _________________________________________ recognizes the different sites at which services are delivered.

30._____________________________________________________ represents a variation on the original fee for service where a contracted discount is agreed upon