HSM 543 Health Services Finance Week 3 Quiz July 2022.

HSM 543 Health Services Finance Week 3 Quiz July 2022. Question 1 5 / 5 pts (TCO 3) The breakeven point occurs where: total fixed costs and total revenue intersect Correct! total costs and total revenue intersect total profit margin and total costs intersect total variable costs and total revenue intersect total revenue outpaces total avoidable fixed costs Chapter 14 Question 2 5 / 5 pts (TCO 3) SKF Primary Care Clinic is deciding whether to purchase MRI equipment that would enable it to perform MRI imaging services in-house rather than sending its patients to its competitor's hospital three miles away. From a financial position, if SKF were to make its decision without using net present value analysis, the clinic would need to know (or at least reasonably estimate) which of the following information? Unavoidable fixed cost, volume, variable cost, and indirect costs Correct! Variable costs, volume, avoidable fixed cost, and total revenue Total unit cost, indirect costs, profit, and volume This study source was downloaded by from CourseH on :11:00 GMT -05:00 Revenue per unit, indirect costs, volume, and total revenue Avoidable fixed costs, revenue per unit, volume, and contribution margin Chapter 14 Question 3 5 / 5 pts (TCO 3) Your controller has told you that the marginal profit of DRG 209 (major joint procedure) for a Medicare patient exceeds the marginal profit for an average charge patient. Why might this occur? High fixed costs of treatment Low Medicare payment High prices Correct! Low prices Chapter 14.