Week Four Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite
for both academic and professional success. This assignment is intended to
ensure you understand some of the basic terms used in this course.
worksheet below according to the following guidelines:
In the space provided, write each term’s definition as used in health care management. You
must define the term in your own words.
In the space provided after each term’s
definition, summarize a health care
management scenario that illustrates the importance of the skill, concept,
procedure, or tool to which the term refers. . In the scenario, you may wish to
consider the following:
Why is the skill, concept, procedure, or tool
necessary for accurate record keeping, operational efficiency, excellent
patient services, employee management, regulatory compliance, reducing costs,
forecasting, and so forth?
What successes are enabled by an adequate
understanding or appropriate application of the skill, concept, procedure, or
What risks or failures are associated with an
inadequate understanding or inappropriate application of the skill, concept,
procedure, or tool?
Save the completed worksheet as a Microsoft® Word
document with your name in the file name.
Submit the file
to your instructor.
[Type your name here.]