Flashcard: Healthcare Financial Management Fundamentals — 10 carte

Organizational Roles — COO?

Manages daily operations and service delivery.

COO — role?

Manages daily hospital operations.

Financial Functions — Break-Even?

Determines revenue level to cover all costs.

CFO — responsibility?

Oversees financial planning and management.

Cost Classification — Fixed vs Variable?

Fixed costs stay constant; variable costs change with volume.

Controller — function?

Handles accounting and financial reporting.

Treasurer — focus?

Manages cash, investments, and debts.

Internal Auditor — purpose?

Ensures compliance and accuracy in reports.

CIO — role?

Oversees information systems and technology.

Cost classification — methods?

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