Within a Healthcare Environment,where the Gap Between Revenues and Costs

question 13

Multiple Choice

Within a healthcare environment,where the gap between revenues and costs can mean the difference between sustainability of an organization and nonsustainability of an organization or services,it is critical for nurse managers to:

• A)Maintain a clear vision of how to trim healthcare costs.
• B)Balance value-added services against costs and revenues.
• C)Consistently delete programs that are of high cost.
• D)Implement programs that bring in additional revenues.

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Definitions:

Carrying Amount

The monetary value of an asset or liability as recorded on the balance sheet, factoring in depreciation, amortization, or impairment.

Unamortized Premium

The portion of a bond premium that has not yet been amortized (gradually written off) over the period of the bond's life.

Face Value

The nominal or dollar value printed on a security or a bond, representing its legal value.

Instalment Payment

A method of payment whereby the total cost of a purchase is divided into smaller amounts, to be paid over a specified period of time.