Week 6 Exam Flashcards
(72 cards)
the process of identifying and defining the problem; determining what happened to cause it; and identifying what steps or possible solutions will be necessary to resolve it
problem solving
the process of choosing among several alternatives
decision making
what are the 5 steps in the decision making process?
- problem identification
- problem analysis
- criteria establishment
- alternative development and decision making
- problem solution and feedback
what are the 5 principles of LEAN?
- identify value
- map the value stream
- create flow
- establish pull
- seek perfection or continuous improvement
a LEAN manufacturing tool that helps to clean and organize the workplace, as well as improve how things are done through standardization
5S System
what are the components of a 5S System
- sort
- simplify
- shine
- standardize
- sustain
comparing measures of process against those of recognized leaders in the field and how it measures up to the standard set by those leaders. Typically has 4 categories
benchmarking
what are the 4 categories of benchmarking?
cost effectiveness, staff productivity, process efficiency, time cycle
developing ideas for creative problem solving. Objective is quantity not quality of ideas
brainstorming
pairs of numerical data with one variable on each axis, to look for a relationship between them. if the variables are correlated, the points will fall along a line or curve. the better the correlation, the tighter the points will hug the line
scatter diagrams
brainstorming activity that encourages participants in a discussion to look at an idea from more than one viewpoint. a valuable development of the pros and cons technique.
PMI - plus/minus/interesting
this is a visual way to look at cause and effect relationships which helps identify root causes of a problem
a fishbone diagram
these are maintained by local, county, state, or federal entities. these profits are held by the entity to further its cause. Exist to provide a service such as “healthcare.” these operate as a non-profit
public sector labs
privately held and its profits are distributed to the owners and its primary purpose is to generate revenue. “ for- profit”
private sector labs
process of planning, controlling, and evaluating available fiscal, material and personnel resources of an organization
financial management
a manager should be familiar with the basic accounting, economic, and financial principles, and their relationship to laboratory operations. this is how to….
maintain success
the analysis of cost and revenue data that provides information on operations and budgeting for managers.
managerial cost accounting
the process of determining the actual cost of performing a billable procedure
micro costing
fixed, variable, or semi-variable or mixed cost that may coincide with test volume
cost behaviors
includes all costs directly related performing the test. cost considers the test volume
direct cost
includes expenses that are part of doing business, but not directly related to the cost of the test being evaluated (all non-labor expenses, not test volume)
indirect cost
defined as the cost of providing a billable procedure
expense
a test that is billed to a payer
billable
contributes to the generation of a billable test result, but which is not directly reimbursable
non-billable