Copyright

Ch 12: Project Costs & Evaluation in Healthcare

About This Chapter

This convenient online chapter explores project cost and evaluation concepts in the healthcare industry. These lessons and quizzes can benefit anyone who wants to review these topics for exams, homework assignments, work projects or fun.

Project Costs & Evaluation in Healthcare - Chapter Summary

Follow along with our expert instructors to see how healthcare finance professionals project and evaluate costs. Comprised of short and simple lessons, this chapter discusses several analysis methods that are used in finance, as well as the applications of financial risk management, benchmarking, budget evaluation and more. We me've made it easy to check your understanding of the material with lesson-specific quizzes and a comprehensive chapter exam. If you have any questions, you can submit them through our Ask the Expert feature. When you're finished working through the chapter, you should be able to:

  • Identify the primary objectives for risk analysis and management in business
  • Compare management methods for several types of financial risks
  • Analyze examples of break-even analysis, marginal analysis and project cash flow analysis
  • Calculate the internal rate of return
  • Use the net present value method to evaluate a budget
  • Define the contribution margin formula
  • Explain the purpose of benchmarking in healthcare planning

9 Lessons in Chapter 12: Project Costs & Evaluation in Healthcare
Test your knowledge with a 30-question chapter practice test
Risk Analysis & Risk Management in Business: Overview, Objectives & Comparison

1. Risk Analysis & Risk Management in Business: Overview, Objectives & Comparison

A successful business requires careful attention to the allocation of resources and, just as important, to the degree to which those resources are exposed to risk. In this lesson, we'll discuss the importance of risk analysis and management in business.

Financial Risk: Types, Examples & Management Methods

2. Financial Risk: Types, Examples & Management Methods

In this lesson, you will explore the various types of risks faced by a business and understand how financial risk is different from other types of risks. Then, you will learn about the different types of financial risks and methods to manage them.

Project Cash Flow: Analysis & Examples

3. Project Cash Flow: Analysis & Examples

When a company is considering a new project or investment, it must have some method to evaluate whether to proceed. In this lesson, you'll learn how relevant cash flows can help with this decision.

Break-Even Analysis: Definition & Example

4. Break-Even Analysis: Definition & Example

Performing a break-even analysis can help you make decisions regarding how much of your product or service you need to sell to make a profit. In this lesson, you'll learn what a break-even analysis is and how it is calculated.

Marginal Analysis in Economics: Definition, Formula & Examples

5. Marginal Analysis in Economics: Definition, Formula & Examples

In this lesson, we'll discuss marginal analysis, a very important economic concept. It explains how individuals and businesses make decisions regarding commodities. We'll go over the formula and look at examples before concluding the lesson with a quiz.

Internal Rate of Return Method: Definition & Calculation

6. Internal Rate of Return Method: Definition & Calculation

Financial management involves determining which long-term investments are right for a company. There are several techniques used by management to analyze potential investments and determine their worthiness. One technique is the internal rate of return method.

Evaluating a Budget Using the Net Present Value Method

7. Evaluating a Budget Using the Net Present Value Method

Explore the net present value method of capital budgeting and the associated decision rules for accepting or rejecting capital projects. Evaluate a capital budget and decide which projects should be accepted.

Contribution Margin: Definition & Formula

8. Contribution Margin: Definition & Formula

This lesson explains what a contribution margin is, how is it calculated, and how it affects the overall financial status of a business. An example is offered to help illustrate the importance of contribution margins.

Benchmarking in Healthcare Planning: Purpose & Questions

9. Benchmarking in Healthcare Planning: Purpose & Questions

Benchmarking is a tool that helps identify and improve best practices. This lesson will discuss the benchmarking in healthcare planning including its purpose and questions to ask.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support