Financial Terms
Week Four Health Care Financial Terms Worksheet
Understanding health care financial terms is a prerequisite for both academic and
professional success. This assignment is intended to ensure you understand some of
the basic terms used in this course.
Complete the worksheet below according to the following guidelines:
In the space provided write each terms definition as used in health care
management. You must define the term in your own words.
In the space provided after each terms definition summarize a health care
management scenario that illustrates the importance of the skill concept
procedure or tool to which the term refers. . In the scenario you may wish to
consider the following:
o Why is the skill concept procedure or tool necessary for accurate record
keeping operational efficiency excellent patient services employee management
regulatory compliance reducing costs forecasting and so forth?
o What successes are enabled by an adequate understanding or appropriate
application of the skill concept procedure or tool?
o What risks or failures are associated with an inadequate understanding or
inappropriate application of the skill concept procedure or tool?
