Various Costs of the U.S. Healthcare Organization Discussion
It is important to track and understand direct, indirect, product, and period costs of U.S. healthcare organizations. * What are the key similarities and differences between direct and indirect costs? * What are the key similarities and differences between product and period costs? * Describe one example for each of the four types of costs based on your professional or personal experiences. Cost behavior refers to how a cost reacts to changes in a particular level of business activity. To determine a break-even point for a healthcare organization, it is important to understand how the organizational costs “behave.” * What are the key similarities and differences between variable and fixed costs? * How do you perform a cost-volume-profit (CVP) break-even analysis? * Why is the break-even analysis important for healthcare financial management? How can U.S. healthcare organizations manage their costs more effectively to improve their organizational efficiency and financial performance? What critical roles can U.S. healthcare organizations play to help the nation achieve the triple-aim goal by providing the best care at lower costs?
For this discussion: * Initial post: 500 words *Use USA scholarly references for citations and use up to date resources. must be APA style discussion.
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