why is healthcare accounting important?

Answers

Answer 1

Answer:

Nowhere is accounting more important in a medical practice than in revenue cycle management (RCM). ... Managing a medical office's payments received. Processing and tracking, which can often become complex. Determining patient eligibility for specific services.

Explanation:

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.


Related Questions

1. Why is career education so important for teens?

Answers

Because in the future it will help you decide what you want to do

The Food and Drug Administration sets standards for
O advertising.
O product labeling.
O the environment.
O traffic safety.

Answers

Answer:

B. Product Labeling

Explanation:

From quizlet

The Food and Drug Administration sets standards for  product labeling.

What is product labeling?

Product labeling is the details information of what a products entails and this is often writing on the product.

Product labeling is an important standards set by  Food and Drug Administration as this help the consumer to be know the following:

The product ingredientHow healthy or unhealthy the product are etc

Inconclusion the Food and Drug Administration sets standards for  product labeling.

Learn more about product labeling here:https://brainly.com/question/6049878

If you were a business owner, which would be important to you (making money or helping people)

Answers

Answer:

making money

Explanation:

because if you are a business owner you should be making money to stay open :) the you can help people after words

There is not a deadline for the "T" part of the SMART goal-writing criteria.
2 points
True
False

Answers

True explanation is I know

Answer:

FALSE I know bc I just did it

Explanation:


Which of the following is not required by lenders and investors?
master plan
b. organization plan
c. market analysis
d. financial analysis
a. master plan

Answers

Answer:

Master plan

Explanation:

The master plan of the following is not required by lenders and investors. The correct option is a.

What is the difference between an investor and lender?

An accredited investor must make an investment in the housing loans that we write. The Fund has received a loan from a lender. He has a lower risk and thus a lower return.

It is not accurate to say that a master plan is not required by lenders and investors, as this can depend on the specific project and the preferences of the lender or investor. However, out of the given options, the organization plan is the one that is not typically required by lenders and investors.

A well-developed organizational plan can be helpful in outlining the structure and management of a company or project, but it is not a core component of financial analysis or investment decision-making.

Thus, the ideal selection is option a.

Learn more about an investor and lender here:

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Zander is beginning to take college courses to prepare for a career in computer science, which is the study of using logic to create new and improved computer programs. He just finished a class that covered skills for using certain computer programs, but was not required for a degree. What did Zander take steps to improve by taking this class?

A. career definition and career requirements
B. career requirements and current status
C. current status and intermediate goals
D. intermediate goals and career definition

(20 points)

Answers

Answer: A career definition and career requirements

Explanation:

edge2020

Zander has taken steps to improve career definition and career requirements by taking this course.

How to choose the ideal career?

It is essential that the individual collects as much information as possible about the career from diverse sources, such as qualified professionals, books and institutional websites, increasing their knowledge of roles and responsibilities.

Therefore, when choosing a course in the intended career, Zander is trying to improve his career requirements.

Find out more about career here:

https://brainly.com/question/6947486

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How do you think companies determine the price for their products?

Answers

Answer:

Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a
The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government a
Members of the Council of 500 were chosen

Answers

Answer:

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a city-state. The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government democracy. Members of the Council of 500 were chosen randomly.

Answer:

city-state ,democracy ,randomly

Explanation:

just took the test on edge

After clicking Magic tool, If the right button is activated, it means the effect can be applied to the entire picture.
True or false
ict

Answers

Answer: The answer is true because you can add effects to pictures using that button

Explain one reason why a business may use social media to promote

Answers

Answer:

Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers

Explanation:

I need help asapppppp!

Answers

B) Internet bank i think

(1 point
3. The ICorp company markets a successful line of computer equipment. Recently, they have
begun to make a new type of smart phone. The public isn't enthusiastic about the new product,
and during the first year, it does poorly on the market. To combat this, ICorp launches a new
marketing campaign, running television and radio ads, purchasing billboard space, and even
integrating their product into an episode of a highly viewed TV show. ICorp's reaction is an
example of an)
A)availability heuristic
B) representative heuristic
C) escalation of commitment
D) behavioral directive

Answers

Answer:

C

Explanation:

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Answer:

C Escalation of commitment

Explanation:

This is where "It's going to work, eventually" comes into play. Usually happens with those who think their way is the only way.

What is the type of economy: traditional-free market - command or mixed. And what is the place in the business cycle: prosperity- recovery- recession or depression

Answers

Answer:

The four stages of the economic cycle are also referred to as the business cycle. These four stages are expansion, peak, contraction, and trough. During the expansion phase, the economy experiences relatively rapid growth, interest rates tend to be low, production increases, and inflationary pressures build

Why is it important that the whole organization works toward the strategic plan? How do the departments affect each other in reaching their goals?

Answers

Answer:

Its important because if not it will flop and will most likely fail or go into debt, they effect eachother by trying ti be better than the other so a compétition tge whole time.

Explanation:

if this makes sense

Business; an organization that uses resources to produce a product is known as a ?
O Private Company
O Shop
O Firm
O Enterprise

Answers

The answer would be a shop.

Answer:

Firm

Explanation:

What do smart investors do before making an investment?

Answers

Research prices, objects, and their history of sales and the past revenue per sell and the inflation of their revenue.

If you were a business owner, which one would be more important to you (making money or being happy)?

Answers

Answer:

being happy

Explanation:

Answer:

being happy

Explanation:

Becuase if you just work to get money and your not happy gtthen your not doing it becuase you like it.

Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral

Answers

Answer:

deferral

Explanation:

Adjusting entries are when changes are made to already recorded journal entries.

Categories of adjusting entries :

accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.

Prepaid expenses are payments made for services yet to be delivered.

For example, paying for a year's worth of subscription on your streaming service

Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral

Congratulation! You just won $10 million in the lottery. But instead of squandering your newfound wealth on luxury goods and a life of ease, you've decided to stay in town and be a financial friend to your neighbors, who are hardworking but never seem to have enough money to fix up their homes or buy decent cars. The best way, you decide, is to start a bank that will make home and car loans at attractive rates. On the day that you open your doors, the reserve requirement set by the Federal Reserve System is 10 percent. What's the maximum amount of money you can lend to residents of the town? What if the Fed raises the reserve requirement to 12 percent? Then how much could you lend? In changing the reserve requirement from 10 percent to 12 percent, what's the Fed trying to do -- curb inflation or lessen the likelihood of recession? Explain how the Fed's action will contribute to this goal.

Answers

Answer:

Distinguish among different types of financial institutions.

Explanation:

in which Step of production process are materials manipulated

Answers

Answer:

tread count

Explanation:

different sizes

In a economy, the government owns the means of production.
(a) Command
(b) Market
(c) Real
(d) Inelastic

Answers

Answer:

(a) Command

Explanation:

A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.

This ultimately implies that, in a command economy, the government owns the means of production.

Societies that operate a command economy generally practices communism.

Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.

It ultimately aims to ensure each person contributes and receives according to their abilities and needs.

Vietnam, China and Cuba are examples of communist countries that operate a command economy.

In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.

squish....!>????????!!!!!!!

Answers

Answer:

meh maybe

Explanation:

Answer:

no im not going to happen im emotionally physically and mentally exausted and want to die :>

compare everything to cell to a house​

Answers

The nucleus is the center of the cell so it would most likely be a living room.
The neutrons and protons would most likely be bedrooms, spare rooms, closets, etc
the electrons would most likely be the bathroom or the outside.

The steps in the budgeting process are

Answers

Examine your financial resources

Determine and track your expenses

Set financial goals

Create a plan to get to those goals

Monitor your progress

Richard has recently finished college and is about to prepare for his exam to
become a certified public accountant. He wants to talk to other accountants
to learn how best to prepare for this exam. Which professional organization
would be most helpful for him to join?
O A. The American Association of Finance and Accounting
B. The Professional Association of Small Business Accountants
C. The Institute of Management Accountants
D. The Young CPA Network

Answers

Answer:

The Young CPA Network

Explanation:

just got it right

The steps in the budgeting process are

Answers

Answer and Explanation:

The steps in the budgeting process are as follows

1. Budget preparation

2 Presentation and budget approval

3. Budget execuetion

4. Budget control

It involves these four steps in the budgeting process

The same would be considered and relevant too

You are applying to a job after reading the listing on a job board website. The
listing requests that applicants email a copy of their resume to the company's
recruiter. What's the best way to send your resume?

Answers

Answer:

via e mail

the reason for this the company is requiring applicants email and a copy of their resume

Role playing involves the use of scripts and scenarios.

True
False

Answers

Not really some do some don’t I would say false
Sorry if wrong

Answer:

True.

Explanation:

Role playing or to act out or perform the part of a person or character, for example as a technique in training or psychotherapy. uses scripts and scenarios to play out the role you play

you were visiting your grandpa and you happened to find $5000 stashed in an old shoe box. he told you that he had been saving this money for over 20 years. a. explain to him other options he has.
b. explain and demonstrate the principles of compounding interest.

Answers

Answer:

(only a) the best option would be investing in stocks

Explanation:

What is a scenario in Excel 2016?

Answers

Answer:

In Excel, a scenario is a set of data inserted in the spreadsheet that is being used, which forms a variable that can be modified and, therefore, replaced in said spreadsheet together. Thus, for example, if cells A1: D4 contain data that is specific to an eventual particular situation that can occur in 3 different ways, there will be 3 scenarios containing data in that range of cells that can be modified, thus modifying the final results of spreadsheet.

Answer:

C. a set of input values that produce a result

Explanation: edg

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