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The Certified Nurse-Midwife (CNM) Clarifies to the Pregnant Patient That

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The certified nurse-midwife (CNM) clarifies to the pregnant patient that the CNM's scope of practice includes:

Understand the concept of cost centers and their role within an organization.
Calculate and interpret departmental gross profit.
Distinguish between cost centers, profit centers, and revenue centers.
Understand the utility of departmental reports in performance evaluation and decision making.

Definitions:

Reimburse Employees

The process by which employers pay back employees for expenditures made on behalf of the company, often including travel expenses, supplies, and other work-related costs.

Cash Method

An accounting method where transactions are recorded when cash is received or paid out, in contrast to the accrual method.

Constructively Received

Income considered received by the taxpayer once it is made available to them, not necessarily when actually in hand.

Income

Financial gains obtained regularly as a result of working or investing.

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