Calculate the Case Mix Index (CMI) for the Below Data

question 31

Multiple Choice

Calculate the Case Mix Index (CMI) for the below data:

• A) 1.1021
• B) 2.1245
• C) 1.1800
• D) 0.9906

Evaluate care based on nursing quality indicators and methods for quality improvement.

Recognize the importance and methods of early discharge planning and preparing for patient transitions.

Utilize research findings and evidence-based practice to improve clinical care.

Understand the impact of health care policies, including the Affordable Care Act and Medicare, on patient care and health care delivery.

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Definitions:

Product Costs

Expenses directly associated with the creation of a product, including materials, labor, and factory overhead.

Quarterly Financial Reports

Periodic statements issued by a company every three months to detail its financial performance.

Product Cost

The total costs directly tied to the production of goods, including materials, labor, and overhead expenses.

Period Cost

Costs that are expensed in the accounting period in which they are incurred, not directly tied to the production process.