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Which of the following is the first step in any budgetary process

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Question;4. (TCO 3) Which of the following is the;first step in any budgetary process? (Points: 5);Define standard treatment protocols;Define required departmental volumes;Define standard cost profiles;Define volumes of patients;Your controller has told you that the marginal profit of DRG 209 (major joint;procedure) for a Medicare patient exceeds the marginal profit for an average;charge patient. Why might this occur? (Points: 5);High fixed costs of treatment;Low Medicare payment;High prices;Low prices;To maximize the amount of profit realized from a rate increase, charges should;be increased most in departments with: (Points: 5);High charge payer mix/high write-offs for bad debt;charity, & discounts;Low charge payer mix/low write-offs for bad debt, charity, & discounts;High charge payer mix/low write-offs for bad debt, charity, & discounts;Low charge payer mix/high write-offs for bad debt, charity, & discounts;The breakeven point occurs where: (Points: 5);total fixed costs and total revenue intersect;total costs and total revenue intersect;total profit margin and total costs intersect;total variable costs and total revenue intersect;total revenue outpaces total avoidable fixed costs

 

Paper#37931 | Written in 18-Jul-2015

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