Term
|
Definition
| Taking last years expenses and adding for the cost of inflation. Behooves manager to use the money in the budget. End of year-extra money --> what do I do with it. Could lose it. |
|
|
Term
|
Definition
| start with zero and justify money that is spent. (Best-> starting new unit) |
|
|
Term
|
Definition
| justified, in-lined with goals, r/r, supported |
|
|
Term
|
Definition
| cost or price of activity undertaken |
|
|
Term
|
Definition
income or amounts received for
purchased services or goods |
|
|
Term
|
Definition
result of multiplying
the services provided by the charge for
services |
|
|
Term
|
Definition
| the excess of revenue over expense |
|
|
Term
|
Definition
expense incurred in the delivery
of a service or the making of a product;
consist of fixed, variable, sunk, direct, and
indirect costs |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
Not related to volume-a cost
that does not change with the level of volume
(#of pts) such as mortgage, loan, bond, payments,
certain departments such as medical records,
admitting, business office, administration |
|
|
Term
|
Definition
Related to volume and censuscost
associated with specific activity such as supply
cost; dressing supply only a cost is a patient is being
treated. Variable costs go up and down with census
shifts and are first to be analyzed when operations
are reviewed |
|
|
Term
|
Definition
fixed expense that cannot
be recovered even if program is
canceled -such as advertising |
|
|
Term
|
Definition
cost that can be allocated
directly to making or delivery of an item or service (nursing care hours in ICU)-can be identified with the product of a specific product or service |
|
|
Term
|
Definition
those associated with
provision of services but which cannot be
directly linked to one specific area of
service
�� Generally these cost are spread over the entire
organization or areas of the organization based
on some approved allocation method; such as
security costs, utilities, maintenance costs,-
lights administrative cost, building maintenance,
books and supplies used by the staff |
|
|
Term
|
Definition
direct cost plus allocated
indirect cost-
�� full cost used in setting rates and
negotiating with third party payers |
|
|
Term
|
Definition
Explain variance of >5% either way
Volume -- Efficiency -- Rate |
|
|
Term
|
Definition
| Pt days (cencus is down, less pts less need for nurses) |
|
|
Term
|
Definition
|
|
Term
|
Definition
| Salary (pay more for experience as opposed to new people) |
|
|
