Week One Health Care Financial Terms Worksheet
University of Phoenix Material
Week One Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course.
Complete the worksheet below according to the following guidelines:
In the space provided, write each term’s definition as used in health care management. You must define the term in your own words.
In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. In the scenario, you may wish to consider the following:
Why is the skill, concept, procedure, or tool necessary for accurate record keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, and so forth?
What successes are enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool?
What risks or failures are associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool?
Save the completed worksheet as a Microsoft® Word document with your name in the file name.
Submit the file to your instructor.
Worksheet
Submitted By:
Term
Definition
Scenario
Controlling
Managers ensuring that each department or section of an organization is meeting their goals.
A clinical manager reviewing performance evaluation of personal and providing each member of their team with feedback.
Decision making Financial manager analyzing and making his or her choice based data received from reports, departments or the organization.
A human resource manager with two potential employees, one candidate is fresh out of college with no experience while the other as 12 years of working in their field. The
Week One Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course.
Complete the worksheet below according to the following guidelines:
In the space provided, write each term’s definition as used in health care management. You must define the term in your own words.
In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. In the scenario, you may wish to consider the following:
Why is the skill, concept, procedure, or tool necessary for accurate record keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, and so forth?
What successes are enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool?
What risks or failures are associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool?
Save the completed worksheet as a Microsoft® Word document with your name in the file name.
Submit the file to your instructor.
Worksheet
Submitted By:
Term
Definition
Scenario
Controlling
Managers ensuring that each department or section of an organization is meeting their goals.
A clinical manager reviewing performance evaluation of personal and providing each member of their team with feedback.
Decision making Financial manager analyzing and making his or her choice based data received from reports, departments or the organization.
A human resource manager with two potential employees, one candidate is fresh out of college with no experience while the other as 12 years of working in their field. The