Explain the difference between fixed, variable, and semivariable costs.

Explain the difference between fixed, variable, and semivariable costs.

As policymakers and healthcare managers consider various ways to contain the rising costs of health care, it is useful to examine the patterns and elements of health care costs that are needed to run the United States delivery system.Explain the difference between fixed, variable, and semivariable costs. Give an example of each. Healthcare organizations have many reasons to effectively manage their inventory, including implantable device tracking, investment protection and contract compliance. An effective inventory control system must in place in order to meet clinical and financial requirements.Describe the two most commonly used inventory valuation methods. Explain how each method effects the financial statement of the organization. If you were the CFO of an organization, which method would you prefer and why?

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