1. ANS: $ 7,500.00 for outsourced coding services to address backlog temporary and unfavorable
2. ANS: $ 12,500.00 as a result of Assistant Director laid off in November permanent and favorable
3. ANS: $ 500 for new computer needed to replace one that quit and was not repairable temporary and favorable
4. ANS: $ 4,000.00 1st quarter record destruction postponed a quarter due to staffing issues temporary unfavorable
6.22 types of budget variances Subdomain VI.G.3 Explain budget variances Subdomain IVA.3 Apply principles of healthcare...
Subdomain IV.A.3 Apply principles of healthcare finance for revenue management Identify the following types of bu dget variances by indicating if they are temporaryl nent and favorable/unfavorable. 1. $7,500.00 for outsourced coding services to address backlog 2. $12,500.00 as a result of Assistant Director laid off in November 3. $500 for new computer needed to replace one that quit and was not repairable 4. $4,000.00 1* quarter record destruction postponed a quarter due to staffing issues References Revoir, R. and...
4.12 Payroll variance Subdomain VI.G.3 Explain budget variances Subdomain IV.A.3 Apply principles of healthcare finance for revenue management In anticipation of ICD-10 implementation, you plan to contract with a coding consultant to provide coding services for your outpatient endoscopy and heart-center procedures and have included this in your annual budget. It is expected that this service will be needed for two months while staff become familiar with ICD-10 coding, but you reserve the right to shorten or extend the contract...