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Management Accounting in Health Care Organizations, 3rd Edition by David W. Young

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APPENDIX A

Answers to “Test Yourself” Questions

Chapter 1

  1. The four forces are demographic changes, morbidity in the nonelderly population, spending patterns for the elderly, and the complexity of the health care market.
  2. The five drivers are case mix, volume, resources per case, cost per resource unit, and fixed costs.
  3. The idea behind the health care food chain is that one entity's expenses represent another entity's revenue. Expense reductions for one organization (such as a health maintenance organization [HMO]) therefore result in revenue reductions for another (such as a hospital).
  4. The term value-based purchasing expresses the idea that payers in health care need to consider benefits as well as costs when making a decision about purchasing. ...

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