Asked by Stephanie Marin on Jul 23, 2024
Verified
The average medical office spends ____ of its annual gross income on administrative, clinical, and general supplies.
A) 1% to 2%
B) 2% to 3%
C) 4% to 6%
D) 8% to 10%
E) 12% to 15%
Gross Income
The total income earned by an individual or a business before any deductions or taxes are applied.
Administrative
Relating to the organization, management, and execution of office tasks or duties within a company, institution, or organization.
Clinical
Relating to the observation and treatment of actual patients rather than theoretical or laboratory studies.
- Know the average percentage of gross income medical offices spend on supplies and the impact on budgeting.
Verified Answer
Learning Objectives
- Know the average percentage of gross income medical offices spend on supplies and the impact on budgeting.
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