Flashcards : Healthcare Financial Management Fundamentals — 10 cartes

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1Question

Organizational Roles — COO?

Réponse

Manages daily operations and service delivery.

2Question

COO — role?

Réponse

Manages daily hospital operations.

3Question

Financial Functions — Break-Even?

Réponse

Determines revenue level to cover all costs.

4Question

CFO — responsibility?

Réponse

Oversees financial planning and management.

5Question

Cost Classification — Fixed vs Variable?

Réponse

Fixed costs stay constant; variable costs change with volume.

6Question

Controller — function?

Réponse

Handles accounting and financial reporting.

7Question

Treasurer — focus?

Réponse

Manages cash, investments, and debts.

8Question

Internal Auditor — purpose?

Réponse

Ensures compliance and accuracy in reports.

9Question

CIO — role?

Réponse

Oversees information systems and technology.

10Question

Cost classification — methods?

Réponse

Fixed, variable, semi-variable, direct, indirect.

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1. What is the primary role of cost classification methods in healthcare financial management?

2. What is the primary responsibility of the Chief Financial Officer (CFO) in a healthcare organization?

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