What is the difference between fixed costs and variable ...

[renzo156]

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]

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

[renzo156]

Thanks for the timely response, appreciate it

[robbielu01]

Gracias!