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BUS 630 Week 5 DQ 1 Variance Analysis in a Hospital

BUS 630 Week 5 DQ 1 Variance Analysis in a Hospital

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Author: Lester Dunn
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Complete problem 10-15 in the text and answer the three required questions. John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests in the hospital's lab. Charges for lab tests are consistently higher at Valley View than at other hospitals and have resulted in many complaints. Also, because of strict regulations on amounts reimbursed for lab tests, payments received from insurance companies and governmental units have not been high enough to cover lab costs. Mr. Fleming has asked you to evaluate costs in the hospital's lab for the past month.

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