1. Define/distinguish between: (a) direct cost (b) indirect cost.
2. For what does the acronym DRG mean and what is their purpose?
3. What are the four major activities for finance?
4. What are the four C’s of finance?
5. What is the purpose of accounting?
6. What are ambulatory care facilities?
7. The term third-party refers to which of the following: Procedure, provider, patient, payer?
8. With all things being constant, one FTE for a hospital means what and equates to how many hours?
9. If the cost of a medical visit/process/diagnostic test increases, how does this effect the demand for the item?

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a Direct costs are business expenses that can be directly applied to producing a specific cost object like a good or service Cost objects are items th... View the full answer