New Semester
Started
Get
50% OFF
Study Help!
--h --m --s
Claim Now
Question Answers
Textbooks
Find textbooks, questions and answers
Oops, something went wrong!
Change your search query and then try again
S
Books
FREE
Study Help
Expert Questions
Accounting
General Management
Mathematics
Finance
Organizational Behaviour
Law
Physics
Operating System
Management Leadership
Sociology
Programming
Marketing
Database
Computer Network
Economics
Textbooks Solutions
Accounting
Managerial Accounting
Management Leadership
Cost Accounting
Statistics
Business Law
Corporate Finance
Finance
Economics
Auditing
Tutors
Online Tutors
Find a Tutor
Hire a Tutor
Become a Tutor
AI Tutor
AI Study Planner
NEW
Sell Books
Search
Search
Sign In
Register
study help
business
hotel operations management
Health Care Operations Management A Systems Perspective 3rd Edition James R. Langabeer II, Jeffrey Helton - Solutions
What role does a pharmacy plays in operations management?
A product has total usage of 1000 over the course of the year. Each item costs$20. The transactional order cost from procurement is $50 each transaction, and the annual carrying cost is 10% of the total annual cost. Calculate the EOQ.
Miami Trinity Healthcare has an average inventory balance of $2 million. The total annual supply expense is $10 million.Using a 360-day year, calculate the DIO.
An organization discovers in a physical inventory count that the actual inventory on hand is $50,000 less than the value on the books. Write the accounting entry to record this shrinkage transaction.
Assume this same product has a current replacement cost of $40. What is the lower of cost or market?
A hospital buys certain supplies for $50 each. The average markup is 100%.Additional selling costs are 25% of the total cost. What is the net realizable value?
A community hospital in Pennsylvania has a 15% supply expense ratio. If total operating expenses are $1,000,000 this month, what is the total annual cost of supplies?
Why is it important to understand the elements of an inventory audit?
Why does GAAP help ensure accurate financial accounting of inventory?
What are two reasons not to hold inventory?
What are five benefits to having inventory in a healthcare supply chain?
What distinguishes inventory from a supply?
What is a service level agreement used for?
What is a GPO? What value can it bring?
Discuss the concept of cost minimization models. When can they be applied, and what are the steps to follow when using them?
How does the layout of a hospital floor or unit affect operational efficiency?
What role do SCM and materials management departments play in health care?
In what specific ways can hospitals improve their collaboration with key vendors, such as the large distributors in food services, pharmacy, and medical supplies? What type of data could be shared that would help improve the overall supply chain?
Are the concepts of LUM and JIT the same? Why or why not?
What does upstream refer to in health care?
There are four cornerstones to SCM.Describe them and give the key components of each.
What is a comprehensive definition of SCM for healthcare organizations?
Name some sources of external benchmarks, what data is available, and what their potential uses can be.
Differentiate between internal and external benchmarks and give an example of each.
What are seasonal variations in hospital volume? Give an example, and explain how seasonal variations can impact an operations analysis.
What are the important things to consider in selecting operational metrics to use in an operations analysis?
Why should an operations analysis consider the organizations strategic objectives?
Which of these are examples of structured data?a. Patient temperature readingb. Office visit summaryc. EKG tracingd. Digital radiology image
Which of the following are examples of administrative data?a. Patient lab resultb. Blood pressure readingc. Insurance plan datad. EKG tracing
True or false? Health IT applications store data in the same way, regardless of whether the data is administrative or clinical.
Describe the relationship between work process and health IT and explain how it can either help or detract from operational efficiency.
What is the difference between administrative data and clinical data?Give an example of each.
Differentiate between structured and unstructured data in a health IT application and describe how they could promote—or detract—from operational efficiency.
Which of these terms define a sample where an item has an equal chance of being selected from the population?a. Standardb. Predictedc. Stratifiedd. Random
Which of the following terms is defined as the middle point in a data set?a. Meanb. Medianc. Moded. Midpoint
Given the following list of values in a data set, calculate the mean and standard deviation, and identify the median and the mode: 14, 22, 23, 23, 26, 28, 30, 32, 35.
What is the formula for a line and what are the terms used in that formula?
Differentiate between the terms independent variable and dependent variable and describe how they relate to a statistical analysis.
Differentiate between the terms population and sample.
Should a manager whose performance will be measured with an operational metric participate in its selection and development? Why or why not?
Describe the process of developing an internal operational metric.
What are some sources for benchmarks of the operational metrics described in this chapter? Why are they important and what are the limitations to their use?
Discuss why the traditional patient day does not fully account for hospital outputs and describe how that output measure is refined to take into account the other outputs of a hospital production function.
Describe the difference between a unit of input and the cost of an input and identify the advantages and disadvantages of each for use in operational metrics.
If a CPM calculation of project duration was 25 days, how does the PERT calculation in Question 1 compare?
Assume that a project has an expected total duration of 25 days, but several optimistic employees feel that it can be completed in as little as 18 days, while others expect it to take nearly 40 days.Using PERT calculation, what is the project duration to be used in project Gantt charts and other
What are some common risks in large, complex projects?
Describe the four key elements necessary to master change.
What are the four phases of project management?
What are the components of a business case?
How does a PERT diagram differ from CPM?
What defines a successful outcome for a project?
How does a project relate to day-to-day operations?
Calculate the FTE/AOB for a hospital that reported the following results:Inpatient revenues $129,215,678 Outpatient revenues 44,996,104 Total patient revenues $174,211,782 Inpatient days 23,926 Productive labor hours 916,882
Assume that a new piece of equipment could allow 25% of the labor force in question 1 to be eliminated. Using a 173-hour working month for each employee, a total equipment cost of $60,000 (which has a useful life of 3 years), and ignoring the cash flow and time value of money impact, would this be
In the preceding problem, using sensitivity analysis, if the productivity ratio was 13.1 the previous month, has productivity increased or decreased? By what percentage?
Based on the following data, calculate the single-factor productivity ratio using hours of labor for a housekeeping department.Number of employees = 100 Average hourly rate = $5.50 Total hours worked in September =15,570 Total square feet maintained = 190,000
What are some common measurement problems?
What is the difference between productive and nonproductive hours?
How is a full time equivalent (FTE)calculated?
What is single-factor versus multifactor analysis?
What is the difference between productivity and other measures of performance?
If a product has utilization of 50 in period 0 and has a slope of 10 each subsequent period, what is the expected forecasted value in period 2?
Assume the following time series data:January 100 February 200 March 300 April 400 Is there a trend you can observe in the data? What is it called?
Ten observations of cycle time were made, and the average observed cycle time was 17 minutes. Using an allowance factor of 20%, calculate the standard time for this process.
Assume that a hospital has a singlephase, multiple-channel waiting line.There are 2 employees, 10 customers currently in the line, and new patients arrive at the rate of approximately 40 patients per hour. Calculate the average wait time.
Patient volumes for a radiology clinic are observed to have the following timeseries data: Monday 5:25, Tuesday 5:28, Wednesday 5:32, Thursday 5:26, and Friday 5:30.a. Using a 5-day moving average, and ignoring weekend volumes, what is the projection for the following Monday?b. If you used a 3-day
What are the key characteristics analyzed in a time and motion study?Why is it important to have a stopwatch and a written log?
What are four scenarios in health care where lines or queues exist?
Define de-bottlenecking. Does it have a role in health care, or should it be used only in a manufacturing setting?
What are the six steps of a product life cycle?
What is forecasting useful for in health care?
Why does Lean focus more on removing waste from processes than examining data underlying process behaviors?
Compare and contrast Six Sigma and Lean methodologies.
When is a process considered out of control?
Why does Six Sigma rely so heavily on analyzing process behaviors?
What is a sigma?
When should hospitals benchmark against non-healthcare organizations?Under what circumstances?
What are the major types of customer or patient service level issues that exist in health care?
What are the major phases in the process improvement methodology?
What is the difference between a Pareto chart and a control chart? When should each be used?
Define and describe the key shapes used in process flow charting.
Why are data essential to improving processes and quality outcomes?
In which three categories can process improvement contribute?
How do you define quality? And what are the different perspectives to consider?
Assuming that the initial investment of a project is $28,500 in year 0 and that$10,000 in benefits are accrued annually, calculate the payback period.
Assume that a hospital has steady cash inflows of $10,000 for 3 years and cash outflows of $9500 for the same period. At 10% cost of capital, what is the NPV of this project? Should this project be accepted, assuming there are no limits on capital?
Assuming that the hospital feels it can deliver 1000 procedures conservatively in the first year, which option should be chosen?
If Lutheran Regional discovered a way to reduce the total initial investment to$600,000, causing the average pricing level to fall to $1200, and the other assumptions stay the same, how many procedures would be required to break even?
Lutheran Regional Hospital uses a planning process to define a new radiology service line. The decision matrix gave it a high priority, and administrators want to evaluate its financial feasibility. Estimated fixed costs are $1,000,000, and the estimated net reimbursement level is $1500 per
What are the three components of a breakeven analysis?
What are the alternatives to a differentiation strategy?
What role does a radar diagram or other assessment have in assessing internal operations?
How do operational plans support the clinical side of a healthcare organization?
Why should hospitals plan? What result do plans have on operations?
Which of the following types of payment requires a hospital, physicians, and other providers to form a group for purposes of getting a reimbursement?a. Charge-based reimbursementb. APCc. Bundled paymentd. Capitation
Which of the following types of fee-forservice payment has a risk of fee increases by a hospital or physician, unless limited by contract?a. Charge-based reimbursementb. DRGc. RBRVSd. Capitation
True or False? The claims payment function relies on data from the other functions in a health plan to correctly determine a payment for a patient’s service.
Which of the following functions creates a contract between a hospital and a health plan?a. Claims processingb. Member servicesc. Medical Managementd. Provider services
According to the guidelines under the Affordable Care Act, how much of the consumer’s premium should be spent on medical loss?a. 50%b. 60%c. 80%d. 90%
Showing 2100 - 2200
of 6090
First
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Last
Step by Step Answers
Get 50% OFF
Claim Now
