HCS 405 Week 2 Week Two Health Care Financial Terms Worksheet

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HCS 405 Week 2 Week Two Health Care
Financial Terms Worksheet

Resource: University
of Phoenix Material: Week Two Health Care Financial Terms Worksheet

Complete the
University of Phoenix Material: Week Two Health Care Financial Terms Worksheet.

Week Two Health Care Financial Terms
Worksheet

 

Understanding health care financial terms
is a prerequisite for both academic and professional success. This assignment
is intended to ensure you understand some of the basic terms used in this
course.

                                                      

Complete
the worksheet below according to the following
guidelines:

 

·        
In the space provided, write
each term’s definition as used in health care management. You must define the
term in your own words.

·        
In the space provided after
each term’s definition, summarize a health care management scenario that
illustrates the importance of the skill, concept, procedure, or tool to which
the term refers. In the scenario, you may wish to consider the following:

 

o   
Why the skill, concept,
procedure, or tool is necessary for accurate record keeping, operational
efficiency, excellent patient services, employee management, regulatory
compliance, reducing costs, forecasting, and so forth

o   
Successes enabled by an
adequate understanding or appropriate application of the skill, concept,
procedure, or tool

o   
Risks or failures associated
with an inadequate understanding or inappropriate application of the skill,
concept, procedure, or tool

 

Save the completed worksheet as a Microsoft® Word document
with your name in the file name.

Submit
the file to your instructor.



 



Worksheet

Submitted By:

[Type your name here.]

 




Term


Definition


Scenario




Balance
sheet


 


 




Statement
of revenue and expense


 


 




Revenue
cycle


 


 




Payer mix


 


 




Revenue


 


 




 
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