University of Phoenix Material
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 ...view middle of the document...
|sheet to discuss a yearly budget with other staffs to go over |
| | |expenses of the organization and how can the company save money for|
| | |the future year. |
|Statement of |An invoice of expenses which allows insights of the |A statement of revenue and expense can occur when inventory |
|revenue and |company costs. The invoice express to the public and|department head orders or re-orders supplies for an organization or|
|expense |stakeholder’s management's imports lie and business |company, for example an office manager orders a box a pens, the |
| |guidance administers business funds. |amount have to be inputting in the invoice of the company’s balance|
| | |sheet. |
|Revenue cycle |A altered standpoint on the normal sales cycle in |A revenue cycle may be discussed upon an organization when |
| |which calculations begin on the day the company |stakeholders and administrator discuss potential attributes for the|
| |meets the probable customers and follows the |company or greater assets for the company. In order for a business |