VICTOR ANOZIE iBS529 Health Care Finance and Accounting

Answer for 1:
The Role of Fixed Costs. Price per visit is different depends on volume. If total revenue stays the same, and then the average fixed cost per visit is also depending on volume as long as total fixed costs remains constant.it shows that fixed cost per unit decreases as volume increases, it does so at decreasing rate. Basically in this subject most common issues we are facing right now is: about how to manage, doctors do get paid? JCAHC- Joint Commission Accreditation Health care. What they do is: Nurses – stuffing ratio –means: If you have too less nurses, then this Joint Commission will fine you hospital, and all top management will be fired.

2. Please provide a detailed discussion of “non-financial benefit issues” involving the community.
(pp. 272-276)
Answer for 2:
Non-financial Benefits.
These are different issues, what health care providers have to do whether they like it or not. The survivals of the any organization are basically depending on their smart investments and support their mission, patients and employees. Also for most capital decisions should be made, based on The community’s general concerns. Especially in recent years interesting movement in health Care is, the government agencies, IRS asking proof of community benefits increasingly. So they Like to look up how much community benefits, if they have any accessing to different kinds of care, higher quality of care, lower charges, the provision of charity care, and hiring people from community.

Answer for 3 I would asset whether this has to be done within a short term (same year) or long term (Next year’s budget). Then, assuming that training is a priority and that it’s positive implementation would increase the overall capital excess within the next year; drastic budget adjustments will be executed.