Match Each Lean Principle with Its Description

question 7

Multiple Choice

Match each Lean principle with its description.
-Defining the process from the patient's perspective,which is what the patient knowingly pays for,or the attributes of service

• A)Value
• B)Value stream
• C)Flow
• D)Pull
• E)Continuous improvement

Recognize the implications of federal tax legislation on healthcare affordability.

Analyze the economic theory related to third-party payment systems and their effect on healthcare prices and expenditures.

Understand the growth and implications of Medicare and Medicaid expenditures.

Recognize the effects of healthcare financing structures on healthcare costs and economic incentives.

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Definitions:

Depreciation Expense

The allocated amount of the cost of an asset, spread out over the time it is expected to be used, reflecting its consumption, wear and tear, or obsolescence.

Indirect Method

In cash flow calculation, this method adjusts net income for non-cash transactions and changes in working capital to arrive at net cash provided by operating activities.

Net Loss

The negative financial result that occurs when a company's expenses exceed its revenues.

Merchandise Inventories

Goods purchased and held for resale by a business, including products available for sale and items in the process of production for sale.