Author Question: What is the difference between fixed costs and variable costs?[br][br][b][color=red]Question ... (Read 38 times)

renzo156 · **on:** Jul 12, 2018

What is the difference between fixed costs and variable costs?

Question 2

________ is a term that describes the ratio of various types of third-party payers that provide revenue to a health care organization.
Fill in the blank(s) with correct word

kiamars2010 · **Reply #1 on:** Jul 12, 2018

Answer to Question 1

Fixed costs do not change when the volume of services changes; examples are rent and utilities. Variable costs differ in proportion to the services provided; an example is that when the number of visits increases, the costs associated with visits also increase.

Answer to Question 2

Payer mix