Return on investment (ROI) in financial information systems ...

[SAVANNAHHOOPER23]

Return on investment (ROI) in financial information systems (FISs) is challenging because:
 
  a. patient accounting is considered an intangible asset.
  b. FISs systems are very complex.
  c. FISs often lose money due to complexity.
  d. staff requires substantial training, which is very costly.

Question 2

A financial information system (FIS) includes:
 
  a. accounts receivable management, accounts payable management, and fiscal reporting management.
  b. clinical systems management, accounts receivable management, and fiscal reporting management.
  c. accounts payable management, accounts receivable management, and clinical systems management.
  d. fiscal reporting management, accounts payable management, and clinical systems management.

[Eunice618]

Answer to Question 1

ANS: A
Decision makers may have a more challenging time realizing the return on investment or understanding the importance of the investment in FISs, since information technology software applications, such as patient accounting or revenue, are considered intangible assets.

Answer to Question 2

ANS: A
FISs are not involved with the clinical management of care. Accounts receivable management, accounts payable management, and fiscal reporting management are financial management processes and included in an FIS.

[SAVANNAHHOOPER23]

Excellent

[amit]

Great answer, keep it coming