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What Is the Difference Between a Prospective and a Retrospective

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What is the difference between a prospective and a retrospective audit?

Recognize the potential health and social implications of SMI, including earlier mortality, housing instability, and impact on family.
Identify and manage the thought disturbances and reasons for medication nonadherence in schizophrenia.
Advise on judicial and community treatment alternatives for individuals with SMI to reduce recidivism.
Appreciate the role and benefits of case management in coordinating care for individuals with SMI.

Definitions:

Money Expenditures

The total amount of money spent by individuals, firms, or governments on goods and services within a specific period.

Implicit Costs

The opportunity costs that arise from using resources that could have been employed in an alternative use, not directly paid in a financial form.

Normal Profit

The minimum profit necessary for a company to remain in business, equal to the opportunity cost of capital and entrepreneurial effort not invested elsewhere.

Entrepreneur's Talent

The unique set of skills, creativity, and determination that an entrepreneur brings to identifying opportunities and building a business.

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