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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 else can I help you with?
Is an Emergency Room a cost or revenue centers?
Cost center.
What is the difference between production cost center and service cost center?
Production cost centers are those departments which are directly engaged in the process of production of goods. Service cost centers are those departments which are not directly involved in production process but they provide services to production cost centers. Example: A paint manufacturer has following cost centers. Mixing department Packaging department Stores department Maintenance department Canteen The mixing and packaging departments are production cost centers as they are directly involved in producing the paint and making it ready for sale. Stores, maintenance and canteen are service cost centers as they are not directly involved in producing paint instead they provide additional services to production cost centers.
What is the definition and example of shadow cost centers?
Shadow cost centers provide detailed reports for cost center departments, division, and extensions.Shadow cost centers provide detailed reports for cost center departments, division, and extensions.Exist as budgets on paper only. For example, rent and utilities and depreciation of plant and equipment are large-budget items for any organization.
What are examples for responsibility centers?
cost center investment center profit center revenue center
What is different between cost unit and unit cost?
Unit Cost is the cost incurred to produce one unit of production volume while cost unit is that department in unit business structure environment where business departments are divided into units according to their work. So cost unit is that unit due to which company has to bear cost and it is same like cost centers it is same like that selling department is called revenue unit. So any department which cost is included in production cost is called cost unit.
Why does average cost include profit?
it doesn't cost is cost revenue is revenue
How do you find percent of revenue for cost?
cost/revenue x100%
Why are hospital security departments cost effective?
Why are hospital security departments cost effective
What is cost of revenue?
Cost of revenue is the amount spent to sell a company's products.
Are pharmacy departments a cost or revenue center?
Until recently a Hospital Phamacy has been a revenue center. However as reimbursement margins shink and Pharmacy moves in a direction of only wanting to provide Clinical Services, which are normally not being paid for, Pharmacy will become a cost center. Pharmacy needs to remember that in the current model of Practice, the revenue generated from Pharmacy is in the dispensing of medications. The dispensing of knowledge (Clinical skills) brings no or very little revenue into the department. Expanding Clinical services, which means additional staff and receiving the same dispensing reimbursement, lead to a negative cash flow or a cost center. Pharmacy needs to re-think where we are going
How do you find projected profit?
(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)
What is the difference between Cost of revenue and revenue?
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