49. Nursing units that do not have a revenue budget are called cost centersor expense...

60.1K

Verified Solution

Question

Accounting

49. Nursing units that do not have a revenue budget are called cost centersor expense centers.

T F

50. Historically, nursing departments have been treated as revenue centers. T F

51. A shift in payer mix can have a significant effect on organizational revenues. T F

52. A carve-outis a service that is excluded from a particular contract, usually due to uncertainty over the service utilization or cost. T F

53. The first step in performance budgeting is identifying the performance areas for a responsibility center. T F

54. Creating a performance budget that is maximally useful requires specific ways to measure outcomes in each performance area. T F

55. Quality of care measures are never challenging to determine. T F

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students