Healthcare Costs
Review the following link:
http://www.accountingformanagement.org/variable-fixed-and-mixed-costs/
· Explain what fixed, variable and semi-variable costs represent. Provide examples of five fixed costs, two variable costs and two semi-variable costs.
· Explain why it is important to classify these costs when executing a healthcare operating budget.
· Explain which cost(s) can be challenging to measure and why.
· The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response.
· Your main post must be two to three substantive paragraphs 150-200 total words and include at least two APA-formatted citations/references.
Service Line Costing and Pricing
One of the key reasons to implement and maximize the use of managerial accounting practices in healthcare is to establish rational means to budget for and measure the financial performance of the organization.
Review the following links:
https://hbr.org/2013/10/the-strategy-that-will-fix-health-care
http://www.oracle.com/us/industries/healthcare/042343.pdf
· Express your own judgment and give examples of how you would cut costs while improving care quality in a health care organization’s service line.
· Discuss both pros and cons of your initiatives.
· The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response.
· Your main post must be two to three substantive paragraphs 150-200 total words and include at least two APA-formatted citations/references.