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no, administration department in a hospital takes care of the personnel, budgetary requirements, regulatory requirements and other managerial functions, however, other cost centers in the hospital could be under this department.
Wiki User
∙ 11y ago
Wiki User
∙ 15y agoIn that nurses require a salary and support funding (scrubs, pencils, etc.) and do not directly generate income to the hospital, that dept. is typically classified as a cost center.
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Are nursing departments revenue OR cost centers?
Think about this for a second. Who are nurses? They are PAID employees. Therefore, a "Nursing Department," is a group of PAID employees grouped together for simplicity within a business. Do nurses generate a revenue for the hospital? No. The HOSPITAL itself, through services (which includes nurses) generates the revenue. Nurses cost money. Got the answer?
What is the difference between a cost center and profit center?
cost centre = the department which activities cash disbursement profit centre = the department which activities making cash
What is difference between cost center profit center?
Cost Center: it is that department of a company whose manager is responsible for cost spending only like production department.Revenue Center: it is that department whose manager is only responsible for revenue for example sales department.Profit Center: it is that department whose manager responsible for cost as well as revenue of department that department is called profit centre like "Autonomous Business Units".
What is difference between cost center and profit center?
Cost Centre: It is that department in factory where all costs are pooled or costs are allocated. Profit Centre: Is is that department where only profit is pooled like sales department.
In detail explain the cost center?
A cost center is part of an organization that does not produce direct profit and adds to the cost of running a company. It is an organizational department.
What is cost center in cost accounting?
Cost centre is that department or that area due to which company has to incur and that cost is included in product cost, So production department is a cost centre because all costs are incurred due to production of volume of product while selling department is called revenue department because due to this department revenue is actually generated.
What is the role of public relations department in an hospital?
good relationship with doctors,and patients,as well as good knowing of hospital infrastructure.how to market our products in market.means,our hospital specialties,cost and service we provide.
Where can you get a low cost tetanus shot in San Marcos Tx?
The health department should give free or low cost tetnus, or try the county hospital
Define the term investment center and cost center?
The term investment center is used for business units that is within an enterprise. It must be treated as a unit that is measured against capital. Cost center is a department unit that is within an organization in which costs may be charged for accounting purposes.
An example of a cost center?
A cost center is a division of an organization or company that DOES NOT directly contribute to the company's profits. However, cost centers do have an indirect effect of profits. Examples would be a marketing department, customer service help desk, or research and development.
Nursing home cost indigent case?
How do we determine when the cost of nursing home care is paid by the state?
Are pharmacy departments a cost or revenue center?
Pharmacy departments can be both a cost center and a revenue center. They are typically a cost center as they incur expenses for staffing, medications, and operational costs. However, they can also generate revenue through medication sales, clinical services, and reimbursements from insurance companies. The extent to which a pharmacy department is a cost or revenue center may vary depending on the organization and its specific operations.
