week 1 financial worksheet assignment
Health Care Financial Terms WorksheetAmanda NavaHCS/405September 22, 2014Louis EubankHealth Care Financial Terms WorksheetWorksheet
Submitted By:
Amanda Nava
Term Definition Scenario
Controlling When a financial manager makes sure that every department in the organization is following the plans that have been set. When viewing feedback reports from 8 months ago in comparison to those written 2 weeks ago week the manager was able to see that more money was being spent on man hours in her department even though patient flow had actually decreased. By this valuation she realized she needs to adjust employees work schedules and do some changing around where they could be better utilized.
Decision
making When the financial manager chooses one of the options among the available alternatives. When opting to update their facility Dr. X and Dr. Y spent several months researching information on new resources and services that their community could benefit. They viewed health reports, statistics, and evaluated what would be most useful and bring in the most revenue for their facility. After analyzing, they realized that their community needed more radiology equipment and persona. They decided to focus on establishing a radiology department during their expansion.
Organizing When the financial manager determines how to use the resources of the organization to adequately carry out the plans that had been established. After analyzing the current resources, the organization decided that the funds were limited and if the expansion were going to be possible they would have to have a thorough plan as to where they could benefit the most. They organized reports and statistic information to present to the board for review.
Planning To analyze objects then identify the steps required to accomplish them. To open a new radiology department in their facility, the first thing is they had to determine how much it would cost in man hours, resources, and construction. They
Submitted By:
Amanda Nava
Term Definition Scenario
Controlling When a financial manager makes sure that every department in the organization is following the plans that have been set. When viewing feedback reports from 8 months ago in comparison to those written 2 weeks ago week the manager was able to see that more money was being spent on man hours in her department even though patient flow had actually decreased. By this valuation she realized she needs to adjust employees work schedules and do some changing around where they could be better utilized.
Decision
making When the financial manager chooses one of the options among the available alternatives. When opting to update their facility Dr. X and Dr. Y spent several months researching information on new resources and services that their community could benefit. They viewed health reports, statistics, and evaluated what would be most useful and bring in the most revenue for their facility. After analyzing, they realized that their community needed more radiology equipment and persona. They decided to focus on establishing a radiology department during their expansion.
Organizing When the financial manager determines how to use the resources of the organization to adequately carry out the plans that had been established. After analyzing the current resources, the organization decided that the funds were limited and if the expansion were going to be possible they would have to have a thorough plan as to where they could benefit the most. They organized reports and statistic information to present to the board for review.
Planning To analyze objects then identify the steps required to accomplish them. To open a new radiology department in their facility, the first thing is they had to determine how much it would cost in man hours, resources, and construction. They