Finance
Top-Down approach to allocate money per patient or per surgery.
What is traditional costing?
This includes: Reduce per capita costs, Improve patient experience, improve population health.
What is the Triple Aim?
An assets value declines more in the earlier years rather than the later years.
What is accumulated depreciation?
If the actual price is lower than the anticipated cost is it a ___.
What is a Zero price?
Stage 1: Data Capturing and Sharing
Stage 2: Advanced Clinical Processes
Stage 3: Improved Outcomes
What is Meaningful Use?
A dollar invested today will be worth more in the future because of this factor of the time value of money.
Safe, Timely, Effective, Efficient, Equitable, Patient Centered are qualities of what aim?
What are the IHI 6 aims?
how well an organization generates profit from its operations.
What is profitability?
A payment mechanism that can reduce the hours a physician works and focuses on preventative care.
What is salary?
systems specific to departments
what are ancillary systems?
Collective rules of GASB, FASB, and FASAB.
What is GAAP?
HSA's and FSA's are an example of what?
What are high deductible health plans?
Examples include goodwill, patents and are not on a balance sheet.
What are intangible assets?
An individual will buy insurance if the net benefit outweighs the benefit of being uninsured.
What is the health insurance theory?
Acquisition of goods and services necessary for a project
What is procurement management?
You would ask this: How is it financed, how will you plan for revenues, how will you plan for expenses?
What are strategies in HC budgeting?
contract with providers, hospitals, labs, etc. to supply services to plan members
What is a MCO?
ability to pay off long-term debts and sustain operations
What is solvency?
What is increase supply of human organs?
The: identification, quantification, impact assessment and implementation of mitigation measures.
What is risk management?
because individual risk is unpredictable and group risk is predictable.
Why do we have Insurance?
Changed how people get insurance and how reimbursement and payments are made.
What is the ACA?
Demand for medical services are inelastic, if outpatient care cost increases utilization and cost of inpatient care decreases.
What are outcomes of the RAND Health insurance study?
authorized programs designed to improve HC quality, safety and efficiency using health IT
what is HITECH Act?