Developing Long-Term, "Partnering" Relationships with a Few Suppliers Is a Long-Standing

question 131

True/False

Developing long-term, "partnering" relationships with a few suppliers is a long-standing American purchasing strategy.

Understand the purpose and components of the Uniform Hospital Discharge Data Set (UHDDS).

Grasp the principles behind the Diagnosis-Related Group (DRG) system including its calculation and application in healthcare reimbursement.

Identify post-operative complications and differentiate them from co-morbidities.

Know what clinical information is collected in UHDDS and recognize non-included data.

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Definitions:

Processing Department

An organizational unit where work is performed on a product and where materials, labor, or overhead costs are added to the product.

Equivalent Units

A measure used in cost accounting to express the amount of work done by employees and machines in terms of fully completed units of output.

Ending Inventory

The total value of all inventory, including raw materials, work-in-process, and finished goods, at the end of an accounting period.

Weighted-Average Method

A cost accounting method that averages the costs of goods available for sale for the calculation of the cost of goods sold and ending inventory.