643- Assign 6

Respond to each of the following questions:

1. Describe the existing needs for cost information in healthcare firms.
2. Describe how cost information relates to the three key activities of management: planning, budgeting, and control.
3. Describe the three main phases of the costing process.
4. Explain the two systems necessary to accurately cost healthcare encounters of care.
5. Describe the concept of relative value units (RVU).