Associate Level Material
Resource: Ch. 14 of Health Care Finance
Complete the following table by writing responses to the questions. Cite the sources in the text and list them at the bottom of the table.
|What criterion must be met |consistency, verification and unit measurement must be met to achieve true comparability. A vital part of comparability is Consistency. All of these must be taken into account to have |
|for true comparability? |consistency. All information must be verified to be sure that it holds evidence of the validity of your data. retain |
| |your back-up data this is what will be used to support your conclusions. unit measurement: All information needs to be measured in the same monetary unit. |
|What elements of consistency |There are three important parts to consistency, time peoiods, Consistent Methodology, and Inflation Factors. All time periods should be equal, you can not compare a six month period to a |
|should be considered? Provide|nine month period. Consistent Methodology: The same inventory method should be used consistently for all data. Inflation Factors: inflation should be taken into acount when gathering data |
|an example. |to be compared. |
|What is the manager’s |It is the managers responsibility to to recall and apply the elements of consistency. The manager needs to know how to review comparitive data. The manager needs to be aware of the data, |
|responsibility in comparing |and know if it is appropriate for comparing....