What portions of the financial statements are most impacted by HIM functions?
Why is it important for a health informatics or information professional to understand a financial statement?
Discuss how the four components of the financial statement are related.
Who is the primary audience for a hospital’s financial statement? Or a physician practice’s financial statement?
Why might a physician not want to release his or her financial statement publicly if they are in a solo practice?
If a computer system was purchased for $20,000 and has a useful life of 10 years, what is the net value of the computer system after 7 years (assume straight line depreciation)?
a. 7000
b. 20000
c.14000
d. 6000
A hospital treated a Medicare patient for pneumonia and expected to be paid $4,500. If the total charge for the admission was $15,500, what is the contractual allowance for that case?
a. 15500
b. 11000
c. 4500
d. 20000
{Please cite the answers}