Term
Iron Triangle of Hearing Healthcare:
-What are the 3 components?
-One cannot be addressed without _________ |
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Definition
- Cost, quality, and access
-effecting one of the other 2 |
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Term
-An audiology practice is a ____ organization
-All organizations are not ___ |
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Definition
| professional; professional |
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Term
A Practice:
-Have special ___ by law
-Have the right to do ___ & ___ for them
-Employ specially ___ or ___ persons
-Are subjected to special ___
-____ |
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Definition
| privileges; procedures; bill; licensed; credentialed; scrutiny; Professions |
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Term
| Professional organization that functions independently of any larger business entity |
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Definition
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Term
| Internal dynamic process to accomplish the objectives of the organization |
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Definition
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Term
| What are the 5 components of management? |
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Definition
| Leading, planning, organizing, controlling members, and leveraging resources |
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Term
| Management is a ___ skill |
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Definition
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Term
Audiology Practice Managers:
-Produce in line with organization’s ___
-Uphold org’s ___
-Encourage the same from ___
-Ensure efforts are ___ & ___ |
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Definition
| objectives; values; colleagues; ethical; legal |
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Term
| What are some areas of practice management? |
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Definition
| Best practices, continuous quality improvement (CQI), ethical and legal considerations, information management, financials, practice design marketing, reimbursement and coding, and human resource management |
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Term
| What are the advantages of ownership? |
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Definition
-Personal achievement
-Sense of responsibility
-Flexibility and control
-Greater potential and opportunity for wealth |
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Term
| What is the mean compensation for staff audiologists, managers, and owners? |
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Definition
| $81,500, $102,700, and $132,00 |
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Term
| What are some limitations of ownership? |
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Definition
| Loss of personal time, fear of failure, loss of job security, loss of money, and loss of position/promotion |
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Term
| What is the process of practice management? |
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Definition
| Define the business, create vision/mission/statement, philosophy, and SWOT analysis (strengths, weaknesses, opportunities, and threats). write specifics, set strategies that outline plans to meet goals, and specify who does what by when to meet objectives |
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Term
Academy of Doctors of Audiology (ADA):
-Professional organization for ___
-Formerly known as Academy of ___ Audiologists
-Annual meeting in October; pair student attendees with a ___/____
-Sponsor ___ ___ competition for AuD students
-Membership requires ___; PhD can obtain membership ONLY if ___ ___ ___ |
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Definition
| audiologists; Dispensing; mentor/practice owner; business plan; AuD; previously a member |
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Term
| Review 12 traits of successful entrepreneurs |
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Definition
-Motivated- want to reach goals
-Action oriented – invest time toward goals
-Healthy
-Independent – able to work alone
-Flexible – accept & adapt to changing env.
-Determined – do not give up
-Decisive – make best choices with avail. Info
-Self-sufficient – responsible
-Convincing – use belief & enthusiasm to persuade others
-Confident – believe in yourself & your ideas
-Thrifty- spend only where needed until profits obtained
-Informed – know what’s happening & how practice is affected |
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