The Increasing Burden of Running an Independent Physician Practice Has

question 78

True/False

The increasing burden of running an independent physician practice has resulted in more physicians seeking employment in practices owned by health systems, hospitals, managed care organizations, or other entities.

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Definitions:

Bank Reconciliation

The process of comparing and adjusting the balance shown in a company’s bank statement with the amount appearing in the company’s own records.

Days' Cash on Hand

A financial metric that indicates how many days a company can continue to pay its operating expenses using only its available cash, without additional income or financing.

Short-Term Investments

Financial assets that are expected to be converted into cash or sold within a year, such as stocks and bonds.

Daily Cash Operating Expenses

The total amount of money spent each day to keep a business running, including utilities, rent, and payroll.