University ofPhoenix MaterialWeek Four Health Care Financial Terms WorksheetUnderstanding health care financial terms is a prerequisitefor both academic and professional success. This assignment is intended toensure you understand some of the basic terms used in this course.Complete theworksheet below according to the following guidelines:· In the space provided, write each term’s definition as used in health care management. Youmust define the term in your own words.· In the space provided after each term’sdefinition, summarize a health caremanagement scenario that illustrates the importance of the skill, concept,procedure, or tool to which the term refers. . In the scenario, you may wish toconsider the following:o Why is the skill, concept, procedure, or toolnecessary for accurate record keeping, operational efficiency, excellentpatient services, employee management, regulatory compliance, reducing costs,forecasting, and so forth?o What successes are enabled by an adequateunderstanding or appropriate application of the skill, concept, procedure, ortool?o What risks or failures are associated with aninadequate understanding or inappropriate application of the skill, concept,procedure, or tool?Save the completed worksheet as a Microsoft® Worddocument with your name in the file name.Submit the fileto your instructor.WorksheetSubmitted By:[Type your name here.]TermDefinitionScenarioForecastFull-timeequivalentsNoncontrollableexpensesNonproductive timeStaffing
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