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WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE

What is healthcare finance? It encompasses the accounting and financial management functions of healthcare organizations. The two functions blend together, with accounting generating the data needed to make sound decisions and financial management providing the framework for those decisions.
WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
Last document update:
ago
WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE

What is healthcare finance? It encompasses the accounting and financial management functions of healthcare organizations. The two functions blend together, with accounting generating the data needed to make sound decisions and financial management providing the framework for those decisions.
C428 WGU Exam Questions and Answers|

ALREADY PASSED |2024 LATEST

UPDATE

The 4 C's (Finance Activities) ------*Costs >monitor costs

*Cash------ >keep enough cash

*Capital------ >raise needed capital(money) to invest

*Control----->control resources

Accountable Care Organization Accountable Care Organizations(ACOs) are groups of

Medicare providers and suppliers that work together to coordinate care for traditional

Medicare patients.

Their goal is to deliver seamless, high-qua...
C428 WGU Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
Last document update:
ago
C428 WGU Exam Questions and Answers|

ALREADY PASSED |2024 LATEST

UPDATE

The 4 C's (Finance Activities) ------*Costs >monitor costs

*Cash------ >keep enough cash

*Capital------ >raise needed capital(money) to invest

*Control----->control resources

Accountable Care Organization Accountable Care Organizations(ACOs) are groups of

Medicare providers and suppliers that work together to coordinate care for traditional

Medicare patients.

Their goal is to deliver seamless, high-qua...
WGU C428 Pre-assessment Exam Questions and

Answers| ALREADY PASSED |2024

LATEST UPDATE

A medical center is expanding its hospital staff to accommodate the increasing number of

flu cases seen over the past weeks.

Which type of finance activity is described in this scenario?

Cost

Cash

Capital

Control Cost

A healthcare organization's senior finance leader is responsible for all financial plans and

activities related to reimbursement, accounting, budgeting, and management for a

healthca...
WGU C428 Pre-assessment Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
Last document update:
ago
WGU C428 Pre-assessment Exam Questions and

Answers| ALREADY PASSED |2024

LATEST UPDATE

A medical center is expanding its hospital staff to accommodate the increasing number of

flu cases seen over the past weeks.

Which type of finance activity is described in this scenario?

Cost

Cash

Capital

Control Cost

A healthcare organization's senior finance leader is responsible for all financial plans and

activities related to reimbursement, accounting, budgeting, and management for a

healthca...
WGU C428 Financial Resource Management in Healthcare

Questions and Answers| ALREADY PASSED |2024

LATEST UPDATE

Accounting The measure and recording of events that reflect the operations,

assets, expenses, and other financing of an organization.

Breakeven Analysis Determines the point when the investment in the project will generate

a positive return.

Business Manager or SBU Manager The manager responsible for the finance function in

a small healthcare organization, such as a medical prac...
WGU C428 Financial Resource Management in Healthcare Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
Last document update:
ago
WGU C428 Financial Resource Management in Healthcare

Questions and Answers| ALREADY PASSED |2024

LATEST UPDATE

Accounting The measure and recording of events that reflect the operations,

assets, expenses, and other financing of an organization.

Breakeven Analysis Determines the point when the investment in the project will generate

a positive return.

Business Manager or SBU Manager The manager responsible for the finance function in

a small healthcare organization, such as a medical prac...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day.
WGU C428 Financial Resource Management in Healthcare Exam

Questions and Answers| ALREADY PASSED |2024 LATEST

UPDATE

Finance within a healthcare organization can be condensed into the "four Cs": Costs

Cash

Capital

Control

The finance department manager who handles capital acquisition, investment

management, and risk management activities Treasurer

The finance department manager who handles accounting, budgeting, and reporting

activities. Comptroller

The head of the finance department...
WGU C428 Financial Resource Management in Healthcare Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
Last document update:
ago
WGU C428 Financial Resource Management in Healthcare Exam

Questions and Answers| ALREADY PASSED |2024 LATEST

UPDATE

Finance within a healthcare organization can be condensed into the "four Cs": Costs

Cash

Capital

Control

The finance department manager who handles capital acquisition, investment

management, and risk management activities Treasurer

The finance department manager who handles accounting, budgeting, and reporting

activities. Comptroller

The head of the finance department...
WGU C428 Exam Questions and Answers|

ALREADY PASSED |2024 LATEST

UPDATE

Activity-based costing (ABC):

A.can be used only in a process cost system.

B.focuses on units of production.

C.focuses on activities performed to produce a product.

D.uses only a single basis of allocation. es on activities performed to produce

a product.

Activity-based costing:

A.is the initial phase of converting to a just-in-time operating environment.

B.can be used only in a job order costing system.

C.is a t...
WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
Last document update:
ago
WGU C428 Exam Questions and Answers|

ALREADY PASSED |2024 LATEST

UPDATE

Activity-based costing (ABC):

A.can be used only in a process cost system.

B.focuses on units of production.

C.focuses on activities performed to produce a product.

D.uses only a single basis of allocation. es on activities performed to produce

a product.

Activity-based costing:

A.is the initial phase of converting to a just-in-time operating environment.

B.can be used only in a job order costing system.

C.is a t...
WGU C428 Exam Questions and Answers|

ALREADY PASSED |2024 LATEST

UPDATE

What is healthcare finance? It encompasses the accounting and financial management

functions of healthcare organizations. The two functions blend together, with accounting

generating the data needed to make sound decisions and financial management providing

the framework for those decisions.

What is financial management? The use of theory, principles, and concepts developed

to help managers make better financial deci...
WGU C428 Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE
Last document update:
ago
WGU C428 Exam Questions and Answers|

ALREADY PASSED |2024 LATEST

UPDATE

What is healthcare finance? It encompasses the accounting and financial management

functions of healthcare organizations. The two functions blend together, with accounting

generating the data needed to make sound decisions and financial management providing

the framework for those decisions.

What is financial management? The use of theory, principles, and concepts developed

to help managers make better financial deci...
vertical analysis - Answer expresses each item in a financial statement as a percentage of the same base amount



Quick Ratio - Answer (Current Assets - Inventory) / Current Liabilities



Current Ratio Equation - Answer current assets divided by current liabilities (Good is in-line/slightly better than industry average. Low = trouble. Industry Average is 2.0.)



times interest earned ratio - Answer EBIT/Interest Expense (The larger the ratio, the better. Industry average is 5.9.)



Ratios - ...
WGU C428 Terms (Finance Resource Management in Healthcare)
Last document update:
ago
vertical analysis - Answer expresses each item in a financial statement as a percentage of the same base amount



Quick Ratio - Answer (Current Assets - Inventory) / Current Liabilities



Current Ratio Equation - Answer current assets divided by current liabilities (Good is in-line/slightly better than industry average. Low = trouble. Industry Average is 2.0.)



times interest earned ratio - Answer EBIT/Interest Expense (The larger the ratio, the better. Industry average is 5.9.)



Ratios - ...
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