Following an In-Service Regarding Cost Containment Within the Health Care

question 27

Multiple Choice

Following an in-service regarding cost containment within the health care facility,the LPN/LVN demonstrates understanding by: (Select all that apply.)

• A)telling patients that they must limit the amount of supplies they use.
• B)asking the UAP to be sure to correctly charge for patient care items.
• C)using only necessary items for patient care.
• D)using and charging for extra patient care items that the patient may take home upon discharge.
• E)documenting supplies used for patients in their patient care record.

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Definitions:

Due Date

A Due Date is the specific day by which a task, obligation, or payment is required to be completed or submitted.

Time Factor

An element affecting the valuation of financial instruments or transactions, often related to the duration until maturity or the timing of cash flows.

Calculating Interest

The process of determining the interest payment on a loan or investment based on the principal, rate, and time.

Trade Receivables

amounts owed to a business by its customers for goods or services sold on credit.