1. What is the main role of financial system?

Updating accounts receivable is part of which transaction cycle?

Lilit [14]

Updating accounts receivable is part of revenue cycle.

The procedure used by healthcare systems in the United States and around the world to track patient income, from their initial appointment or encounter with the healthcare system to their final payment of debt, is known as revenue cycle management (RCM). It is a typical component of healthcare management.

What is revenue cycle?

The phrase "all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue" can be used to describe the revenue cycle.
It is a cycle that explains and illustrates a patient's life cycle (and the ensuing income and payments) during a typical medical interaction, from admission (registration) through final payment (or adjustment off of accounts receivables).
After a patient makes an appointment, the revenue cycle starts, and it ends when the healthcare provider has taken all of the payments. Errors in revenue cycle management may result in payments to the healthcare provider being delayed or nonexistent altogether.
Healthcare providers can outsource their revenue cycle management to businesses that handle this complex process with specialized agents and proprietary technologies to manage healthcare provider revenue cycles because the revenue cycle process is complex and subject to regulatory supervision.

To learn more about revenue cycle visithttps://brainly.com/question/13167295

#SPJ4

7 0

1 year ago

Find the most recent federal deficit as a percentage of GDP of the United States. Suppose that the federal budget deficit was el

erica [24]

Answer:

Government Budget is considered as the prevalent piece of its organization which oversees the income and the use of the US country. The Budget has the goal of guaranteeing the ideal assignment for the open government assistance decisions in the territory of Health, Education, Infrastructure, Defense and Corporate undertakings, and so forth. Despite the fact that US country dispenses gigantic assets so as to spend on social government assistance objectives, it faces the basic circumstance of spending shortage with the significant drop in the GDP in the hour of downturn period.

The impact on the Long-run capital stock per specialist will be decreased to the impressive impact. The impact will be over the long haul with the activity of overcoming any issues between the work openings and the pace of the amount of the creation units. As it was referenced before that the steady status of Private Savings is reflected in the activity of US national government by disbanding the shortage spending plan. This will turn showed the away from of amount of creation of merchandise and enterprises expanded by giving more motivations and making increasingly corporate based foundation offices to the business people. So it gave ideal work offers to the talented representatives. So we can express the impacts of the since quite a while ago run capital stock per specialist.

This likewise offers the response for the impact on since quite a while ago run yield per laborers. Greater amount of products and ventures are created by adjusting with the administration spending on country building exercises together with spending for the corporate addition exercises. Corporate Profits are guaranteed here just when the legislature gives sponsorships to the new business people when they produce the merchandise by taking care of the peripheral expense and furthermore expanding the yield relating to the each laborer utilized to create each unit of creation of products and ventures. So it likewise produce over the long haul time frame.

4 0

3 years ago

Let L1 and L2 be two lotteries with the same expected return. Suppose L2 has a larger variance and you are risk averse. Would yo

WITCHER [35]

Answer:

option 2) smaller

As CE is the amount which if the agent gets with certainty, then agent will be indifferent between playing lottery or getting that amount with certainty

So L2 is more risky, & agent is risk averse, so agent will be ready to accept a lower amount with certainty ( as compared to the amount for a safer option : L1)

So CE of L2 will be lower

6 0

3 years ago

Lindsey Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A

natita [175]

Answer:

Results are below.

Explanation:

First, we need to calculate the activities rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 24,000 / 1,000= $24 per activity unit

Activity 2= 36,900 / 900= $41 per activity unit

Activity 3= 63,000 / 1,800= $35 per activity unit

Now, we can allocate costs to product A:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Activity 1= 24*200= $4,800

Activity 2= 41*750= $30,750

Activity 3= 35*1,000= $35,000

Total allocated costs= $70,550

Finally, the unitary cost:

Unitary cost= 70,550 / 5,000= $14.11

3 0

3 years ago

Type the correct answer in the box. Spell all words correctly.

stealth61 [152]

The name which is given to the session that is a continuous discussion to bring out innovative ideas from employees is called:

Brainstorming

According to the given question, we are asked to state the name which is given to the session that is a continuous discussion to bring out innovative ideas from employees.

As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit

1. What is the main role of financial system?​

1. What is the main role of financial system?