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Cost I

Our goal is to get you familiar with financial terms, concepts, and practices that you can run your department/unit as though it is your own business. To treat every charge as what it is – the opportunity to generate funds to support our existing and future staff, operations and equipment so that we can continue to provide quality care.

AB
Daily A-8, Charges posted on the previous day,
Month End Cut Off, 10 pm on the last day of the month,
Inventory Turns# of times supplies are used and reordered annually
June First, Tenet's New Year's Day
Business Plan, Projection for hospital volume increase
Capital Expense Request, Form for purchases over $500
Patient Days, # of nights people spend in your unit/hospital
Units of Service, Measures volume such as test and treatments
Adjusted Patient Days, All services including the days patient stays
Total Equivalent Admissions, All services-specific to people 'checking into' the hospital
Salaries, Wages & Benefits, People expenses directly associated with a department/unit
Non-controllable Expenses, Month-to-month unchangeable (such as rent and income guarantees)
Other Controllable Expenses, Expenses fluctuating according to needs

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