The calculated Cost per Weighted Case is determined by which of the following formulas?

Study for the Canadian Health Information Management Association (CHIMA) NCE Test. With flashcards and multiple choice questions, each query is clarified with hints and explanations to ensure you're well-prepared for your exam!

The correct choice is based on the way Cost per Weighted Case is defined and calculated. Specifically, Cost per Weighted Case denotes the average cost allocated to each weighted case within a healthcare setting, and this reflects how costs are stratified according to the complexity or resource use represented by the cases.

Calculating this figure involves taking the total costs incurred and dividing that by the total number of weighted cases. This yields an average cost that incorporates the varying levels of resource intensity among different types of cases handled. By employing this formula, organizations can assess their financial efficiency concerning patient care relative to the complexity of cases treated.

On the other hand, the other choices do not accurately represent this relationship. For instance, dividing total costs by the number of cases or using manipulations involving cases and costs in the other options fails to account for the necessary adjustment that weighted cases provide for the analysis. This highlights the importance of factoring in case complexity to arrive at meaningful insights regarding costs in healthcare management.

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