Explain why changes in patient volume, such as flu season, can impact expenditures like supplies and operating expenses such as overtime. Discuss two ways Lucy can research previous patient volume, to determine if there was a similar increase around the same time each year.. Outside of seasonal spikes in patient volume leading to increased spending in these areas, explain whether Lucy should consider staff purchasing supplies or gaining overtime without approval, as additional driving factors.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Explain why changes in patient volume, such as flu season, can impact expenditures like supplies and operating expenses such as overtime.
Discuss two ways Lucy can research previous patient volume, to determine if there was a similar increase around the same time each year..
Outside of seasonal spikes in patient volume leading to increased spending in these areas, explain whether Lucy should consider staff purchasing supplies or gaining overtime without approval, as additional driving factors.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
