Health Care Finance Essay

Complete the following tabularise by writing responses to the questions. Cite the sources in the text and list them at the behind of the table.What criterion must be met for avowedly comparability?Consis excy, verification and unit measuring stick must all be met in order for true criteria. (Chp.14, pg.151) What elements of consistency should be considered? Provide an prototype. The elements of consistency that should be considered is clock periods, consistent mannerology, and inflation factors. An example of a time period would be that you could not comp are a ten month time period to a xii month period instead you would annualize the ten month period. An example of consistent methodology would be to use the same method throughout the entire time period. An example of inflation factors would be if expenses are expended then(prenominal) it is expected for expenses to increase. (Chp.14, pg.151-152) What is the managers obligation in analyse selective information?The mana gers responsibility in comparing data is to recall and apply the elements of consistency. This is circumstantial because the consistency of data will be used to make decisions. (Chp.14, pg.152) What are the 4 common uses of comparative data?The four common uses of comparative data are equation current expenses to current budget, canvas current actual expenses to prior periods in own organization, compare to other organizations, and compare to industry standards. (Chp.14, pg.153-157) What is meant by standardized data?Standardized data is data that aid in comparability. (Chp.14, pg.161)