CHL Chapter 24 Quiz

The steps through which a product flows from when it is removed from inventory until it is replaced in inventory and when applicable storage records are up-dated

The system in which a running balance of the quantity of products in storage are maintained

This quick reference can help when ordering replacement instruments from specified vendors

A tool used to manage information used to charge for procedures, services, and supplies provided to patients

The process of analyzing physician-preferred items to consider alternative costs, reimbursements, and strategic initiative concerns

The funds and organization has available to conduct its daily activities, the amount by which current assets exceed current liabilities

A service in which vendors stocks and maintains a facility's inventory to agreed upon levels and then issues a monthly (or other time period) invoice for all items used

The process used to determine the value of a fixed asset during a specific accounting period that is assumed to have been "used up" during the period

General provisions that apply to a supplier's price quotations and a buyer's purchase order that apply regardless of the specific products or services being purchased

An organization that obtains contract pricing for high volume purchases of items with a common specification on behalf of its facility members