The ability to expand care capacity in response to prolonged demand
What is surge capacity?
200
Grouping potential users according to factors that differentiate their use of a service such as by age, gender and/or income - members of the group are homogeneous relative to this one factor
What is market segmentation?
200
Fixed costs associated with a specific service divided by (revenue per service less the variable cost per service)
What is breakeven point?
300
The technique by which future cash flows are "adjusted" in order to assess their value in today's dollars
What is discounting?
300
DRG's, RBRVS, and APC's
What patient or procedure classification systems used as basis of reimbursement
400
The condition in which a change in price has no impact on the demand and vice versa
What is inelasticity?
400
Evaluating the cause/effect relationship on a dependent variable of changing one or more independent variables
What is sensitivity analysis?
500
The quantitative measure of the upper limit of production capabilities at a set level of resources
What is production frontier?
500
Based on a resource relationship between two or more seemingly unrelated services - used in budgeting and pricing to create a common denominator