Management Flashcards
Permanent or long term purchases such as an ADL kitchen or a wing for a work hardening program?
Capital Expenses
Daily financial activity of a program or a service?
Operating Expenses
Costs relates to OT service provisions such as salaries, benefits, office supplies, and treatment equipment?
Direct Expenses
Costs related to costs shared by the setting as a whole such as utilities, housekeeping, and marketing
Indirect Expenses
Costs that remain at the same level even when there are changes int he amount of services provided?
Fixed Expenses
Costs that change in direct proportion to the amount of services provided such as splinting material?
Variable eXpenses
A process that identifies, evlauaes, and takes corrective actions against risk and plans, organizes, and controls the activites and resources?
Risk Management
An approach that views the limitations and problems proactively as an opportunity to improve quality; prevention is emphasized
Quality Improvement