Question

Explain break-even analysis. Why is it important to do a break-even analysis? What are some of the staffing responsibilities for a HIM manager?

Answer 1

Break-even analysis is the technique that is used by businesses which allow them to determine the amount of product sold, at a particular price point in order to recover the fixed and the variable cost in order to be able to have no net profit or loss (Break-even point)

This essentially allows the company the insights into the market values, the required pricing point and essentially allows them the element of creating efficient strategies in order to create better price point doe both themselves and the market (consumers)

The staffing responsibilities of HIM managers is the selection of the cybersecurity personnel in order to keep the patient and healthcare data safe from intrusion or attacks. They also need to take care of the IT department staff as well case sensitive personal task in order to maintain the integrity of the data.