The basic measure of a product or a service produced by the organization or unit.
What is the service unit?
100
Comparing the costs over a period of time from the highest to the lowest and relating that to the highest and lowest volume.
What is high-low cost estimation?
100
Finding the specific volume (# of service units) at which the unit or organization neither makes or looses money.
What is break even analysis?
100
Payers reimburse providers based on the provider's performance.
What is pay for performance?
100
The normal range of expected activity for a unit.
What is relevant range?
200
An OR procedure, a patient day, an admission, a discharge, a birth, an ED visit.
What are examples of service unit?
200
Using a graph to plot patient volume on the horizontal axis and costs on the vertical axis to predict costs is known as ________.
What is regression analysis?
200
Q = fixed cost divided by price - variable costs
What is the break even equation?
200
This web site provides information to consumers about hospitals' performance.
What is hospitals compare?
200
Costs that do not change in total as the volume of service units change.
What are fixed costs?
300
Cost incurred within the unit or cost of resources to deliver direct patient care.
What are direct costs?
300
In calculating the "break even", the price of service minus the variable cost per patient is divided into this value.
What is fixed costs?
300
Q represents this value in the break even equation.
What is break even quantity?
300
Evidence indicates reducing nursing staff results in ____.
What is adverse patient outcomes?
300
Costs that vary with changes in volume.
What are variable costs?
400
Cost assigned to the unit from elsewhere or costs not associated with providing direct patient care.
What are indirect costs?
400
If the cost per patient day in a unit with a census of 25 is $50 per day, and $53 ppd at a census of 30. The variable cost per unit of service is _____.
What is $3?
400
In a capitation payment arrangement, an increase in the volume of service units will result in this.
What is a decrease in revenues?
400
The new pay for performance measures introduced in the PPACA began this year.
What is federal fiscal year 2013?
400
Additional cost resulting from providing service for one more unit of service.
What is marginal costs?
500
Includes all direct and all indirect costs.
What are total costs?
500
One tool to use to estimate inflation of labor costs for the coming year is ____________.
What are indexes adjusted for labor costs?
500
If the fixed cost of an endoscopy unit is $6000, and the price minus variable cost is 450, ____ is the break even.
What is What is 13.3?
500
The CMS pay for performance is based on this split of clinical outcomes and patient experience.
What is 70/30?
500
As the volume of service units go up, this cost also goes up.