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2 years ago

What is the definition of revenue cycle management?

Business

2 answers:

Maru [420]2 years ago

8 0

Answer/Explanation:

Definition of Revenue Cycle Management also known as (RCM) is the supervision of all administrative and clinical functions that contribute to the capture, management and collection of patient service revenue.

Stels [109]2 years ago

6 0

Answer:Revenue cycle management is the process used by healthcare systems in the United States and all over the world to track the revenue from patients, from their initial appointment or encounter with the healthcare system to their final payment of balance. It is a normal part of health administration

Explanation:

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On January 1, Year 2 Boothe Company paid $12,000 cash to extend the useful life of a machine. Which general journal entries woul

Akimi4 [234]

Answer:

January 1, 2016:

Dr Accumulated Depreciation account 12,000

Cr Cash account 12,000

Explanation:

The accumulated depreciation account is a contra asset account used to record all the incurred depreciation expense since the asset (or assets) was being used or put into service.

Since the repairs extended the life cycle of the asset, then its accumulated depreciation decreases.

5 0

3 years ago

MasterCom Corporation corporation produces a semiconductor chip used on communications. the direct materials are added at hte st

Mariana [72]

Answer:

a. The equivalent units of work done in June= 450,000

b. The total manufacturing cost per chip= $ 12.199= $ 12.2

Explanation:

a. The equivalent units of work done in June

Units Started 475,000

Units Completed 425,000

Units still in Process completed 50% = (50,000 * 50%) 25,000

The equivalent units of work done in June = 450,000

b. The total manufacturing cost per chip

Direct material cost $935,750

Conversion costs $4,554,000

The total manufacturing $ 5489750

The total manufacturing cost per chip = $ 5489750/450,000

The total manufacturing cost per chip = $ 12.199= $ 12.2

3 0

3 years ago

A teacher instituted a new reading program at school. after 10 weeks in the program, it was found that the mean reading speed o

Bess [88]

Answer:

0.0139

Explanation:

Given that:

The number of sample (n) = 21

The sample distribution has mean (μ) and a standard deviation of σ/√n

The z score is given as (x - mean)/ standard deviation

x = 94.8 wpm, let us assume that σ = 10 and μ = 90

Therefore: z = (x - μ) / (σ/√n) = (94.8 - 90) / (10/√21) = 2.2

To calculate the probability using Z table:

P(X>94.8) = P(Z>94.8) = 1 - P(Z<94.8) = 1 - 0.9861 = 0.0139

The probability is low that is less than 0.05, the program is more effective than the old one.

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2 years ago

Read 2 more answers

According to the New York Times, during the mortgage crisis real estate brokers had an incentive to steer borrowers to higher-co

just olya [345]

Answer:

Rawls' Theory of Justice.

Explanation:

Rawls argues that self-interested rational persons behind the veil of ignorance would choose two general principles of justice to structure society in the real world: 1) Principle of Equal Liberty: Each person has an equal right to the most extensive liberties compatible with similar liberties for all.

7 0

3 years ago

IBM purchased MRO Software Inc. for $740 million. MRO was a niche provider of software and services to help customers including

Elza [17]

Answer:

acquisition

Explanation:

Since in the question it is mentioned that IBM buy MRO software Inc for $740 million where the MRO is a niche provider that help the customers. While on the other hand the IBM plans to fold MRO into the unit of software

So, this is an example of the acquisition as IBM buy the MRO software

hence, the same is to be considered

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3 years ago