BHA 4053 Part V

Question 1

Which of the following is not one of the ways a physician’s office can enhance revenue?

Question 2

A _________ budget is adjusted for changes in volume.

Question 3

Because the administration as a whole agrees that these items need to be purchased no matter what, they are deemed eligible for _________.

Question 4

A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.

Question 5

A negative consequence for consistently missed budgeted financial targets could be _________.

Question 6

In 2004, physician practices encompassed almost _________ of the industry’s financial outlays.

Question 7

The initial cash budget should forecast a collection of _________ of budgeted net revenue.

Question 8

It is likely that _________, as a group, will continue to play the key role they have historically enjoyed as leaders of the health care community.

Question 9

If an organization does not want to overdraft, then it should look at the _________ cash balance when forecasting checking account balances.

Question 10

Ideally a cash budget should be updated _________.

Question 11

Compare bottom-line financial results of using a fixed budget and a flexible budget if volumes (a) increase by 10% or (b) decrease by 10%.

Question 12

Compare the difference between an operating budget, a capital budget, and a cash budget. What are the primary elements in each budget?

Question 13

(Chapters 8-9) Debate the differences between an alert-based decision support management accountability budgeting, monitoring, and reporting system and a standard reporting system that does not provide instant management information to the decision makers.