- What are some of the misconceptions about HIPAA?
- What is a “covered transaction”? Give an example.
- Why has the issue of patient confidentiality become more difficult in the present healthcare environment?
- What are some privacy precautions that you can utilize in your role as a medical practice manager/administrator?
he fundamental question for consideration here is, “How is management to choose from among these so many possible alternatives so as to maximize the present value of the expected future cash flows?” The answer to this question is indirect. Each potential alternative will have different cash consequences and change continuously with time. Therefore, analyzing the differences between available alternatives is essential to good decision-making. This analysis is called ‘differential’ or ‘incremental’ cash analysis. This basically gives managers an overlook of the advantages and disadvantages of the choice of alternatives. The final decision is to accept the alternative with the greatest net present value or cash flow, i.e. NPV Stage 5, 6 and 7 : The decision making and control processes Stage 5 is the forecasting stage in which it predicts the most likely outcome of a decision, expressed in a budget form. The budget is prepared on estimates of differential costs and revenues in the chosen course of action with some valid assumptions. Meeting budget targets can be implemented by monitoring the actual performance, this is known as the control process. This is illustrated in stag>GET ANSWER