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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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What is the distinction between cross-sectional data and time-series data?

AleksAgata [21]

Answer:

B. Cross-sectional data provides information about economic behavior at an instant in time, while time-series data provides information about how an economic variable behaves over time.

Explanation:

There are two types of data, transverse data and time series data. Cross-sectional data is data that exists at a single point in time. For example, data from an observational survey or sales from a firm. Time series data are data that require intertemporal analysis, such as a country's inflation and GDP data, which should be analyzed for evolution. In other words, time series data are analyzed in a manner dependent on the previous period. Current month's inflation depends on the previous month's inflation analysis.

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3 years ago

What is the purpose of the sherman antitrust act

tamaranim1 [39]

To destory monopolies that were using their power to harm society.

7 0

3 years ago

Read 2 more answers

Consider the closed (no exports or imports) Latverian economy in which the consumption function is C = 300 + 0.75DI (where DI =

777dan777 [17]

Answer:

0.66

Explanation:

Marginal propensity to consume is the proportion of disposable income that is spent on consumption

Marginal propensity to consume = change in consumption / change in income = C / Y

Gross domestic product (Y) is the sum of all final goods and services produced in an economy within a given period which is usually a year.

In a closed economy, GDP = Consumption + Investment spending + Government Spending

Y = 300 + 0.75(Y - $1,200) + $900 + $1,300

Y = 300 + 0.75Y - $900 + $900 + $1,300

Collect like terms

Y - 0.75Y = $1600

0.25Y = $1600

Y = $6400

Substitute for Y in the consumption function : 300 + 0.75(Y - $1,200)

300 + 0.75($6400 - $1,200)

300 + 0.75($5,200) = $4,200

C = $4200

Marginal propensity to consume = $4,200 / $6400 = 0.66

4 0

4 years ago

What is the act of working in exchange for an income.?

Neporo4naja [7]

Employment is the act of working in exchange for an income.

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

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3 years ago

After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $2,450,000

murzikaleks [220]

Answer:

income summary 550 debit

retained earnings 550 credit

--to close income sumary against RE--

Explanation:

To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.

Income Summary

<u> Debit Credit </u>

2,450

Balance 550

We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.

7 0

3 years ago