Accountants calculate the profits and losses of health care facilities, while administrators oversee the finances. Traditionally, medical centers count revenue when the patient is admitted or receives outpatient services. When accountants report revenues based on cash, they must tally insurance reimbursements, out-of-pocket payments and government assistance.
Donations also add to revenue. Administrators use math skills to prepare budgets and reports for owners and investors. Christopher Raines enjoys sharing his knowledge of business, financial matters and the law. It is important to gain a thorough understanding of the simple formulas since they tend to be used frequently by medical assistants.
When evaluating lab results or graphs, some statistical knowledge may be needed. Standard deviation calculations may be used when using graphs to document expected and actual lab test results. This math concept involves knowledge of how to calculate sample size averages, subtraction and number squaring. A complete knowledge of statistics is usually not required. Most medical assistant degree programs will introduce basic statistical concepts as a part of other required coursework.
Helen Akers specializes in business and technology topics. She has professional experience in business-to-business sales, technical support, and management. This website uses cookies to ensure you get the best experience on our website. Learn More. Share More sharing options Followers 0. Reply to this topic Start new topic. Recommended Posts. Posted March 19, Link to comment Share on other sites More sharing options Posted March 20, In emergency situations in which the provider is trying to stabilize a patient who is not doing well, there is a lot of pressure to get these calculations done quickly as well as accurately.
PAs routinely use calculators and computer programs to perform these calculations or to check their work. AD Degreequery.
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