Summary: AJ Davis department store has asked to take a look at a sample of customers (sample size: 50) in order to more efficiently generate sales and also appeal to their more profitable segment. In order to better understand their customers a statistical analysis and interpretation must be performed. AJ Davis is hoping to achieve insight on how to improve their department store operations and strengthen their customer loyalty. We have taken both quantifiable and qualitative information and
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Economic Terms and Health Care History Carrie "Shellie" Cobbs Economics: The Financing of Health Care HCS 440 George Atkins December 01‚ 2013 Economic Terms and Health Care History Health care in the United States of America is a delicate balance between the supplier and the demander. The supplier is the person or company providing health care services‚ procedures‚ or good‚ and the demander is the consumer who is in need of the health care services‚ procedures‚ or goods. Supply and demand between
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Economic Terms and Health Care History Lawanda Collins HCS/440 Economic: The Financing 01/14/2015-02/14/2015 Instructor: David Henderson The history and economics in health care can be traced back to the late 1890’s‚ but became prevalent in the 1930’s. Over the course of the last century health care industry has evolved to multi-billion dollar industry. This evolution can be attributed to managed care and third party payee systems. The cost of care has been the forefront for debate for over the
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A term that means the assigning of staff to fill scheduled positions. Correct answer: Staffing A budget that generally deals with actual short term revenues and expenses necessary to operate the facility. Correct answer: Operating budget The proportion of revenues realized from different types of payers. A measure often included in the profile of a healthcare organization. Correct answer: Payer mix Making choices among available alternatives. Correct
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1. Identify the 3 reasons hospitals merged or were consolidated. Discuss the impact these actions had on cost for the organizations. • There are 3 reasons that hospitals merged or consolidated and they are: drawing on the strengths of the other facility‚ seek help with struggling finances‚ and the gain of a demographic advantage that makes it more convenient for patients to travel to (healthcarefinancenews.com‚ 2013). This would impact the hospital by helping those hospitals struggling to make
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Economic Terms and Health Care History HCS/440 Caryn Callahan The American Medical Association (AMA) was founded when healthcare was still getting started with doctors and hospitals (American Medical Association‚ 2011). During the beginning stages doctors would see patients using a bartering system. Doctors would make house calls and patients would pay with goods such as‚ food‚ fuel‚ cooked meals‚ animals‚ or anything else that the doctor could be in need of. Supply and demand‚ the doctor had
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In this file of HCS 483 Week 1 Healthcare Information System Terms you will find the next information: Consider the following scenario: Health Care - General Health Care You have been selected to participate in a prestigious internship in a health care organization by working for the chief information officer (CIO). Your internship will consist of a series of projects you will complete throughout this course. In your first meeting with the CIO‚ she says‚ “I am giving an important
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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
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Paper | HCS/405 Health Care Financial Accounting | My strategy will consist of three phases. These phases include: capital shortage‚ funding options for equipment acquisition and funding options for capital expansion. During these three phases I will observe the necessary financial statements and documents. From this information I will analyze the information and decide the best strategy for improvements. I will not only focus on the goals for the clinic‚ but long term budget goals
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a. Due process - Conduct of legal proceedings strictly according to established principles and procedures‚ laid down to ensure fair trial for every accused. Because the infallibility of court judgments cannot be guaranteed‚ the legal system aims to secure this second-best but possible option. The guaranty of due process means no accused is punished without an orderly and adequate procedure that is applicable uniformly in all cases. Under a due process‚ every accused gets an advance notice of trial
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