Which of the Following Refer to the Efficient and Effective

question 49

Multiple Choice

Which of the following refer to the efficient and effective use of administrative and clinical functions to capture, manage, and collect revenue related to the delivery of patient services?

• A) revenue cycle management
• B) control management
• C) management by objectives
• D) financial management
• E) cash flow management

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Definitions:

Standard Deduction

A preset reduction in taxable income on a federal income tax return, not requiring itemization of individual deductions.

Taxable Income

The sum of money that determines the tax liability of a person or business to the government, following the subtraction of deductions and exemptions.

Average Tax Rate

The fraction of total income that is paid as taxes, calculated by dividing the total tax paid by the total income.

Taxable Income

Income subject to tax, after deductions and exemptions, according to the laws of the tax system.