MGM Healthcare Interview Questions, Process, and Tips

Prom prim is a term used in quality management to refer to the process of promoting and prioritizing quality improvement initiatives.

• Prom prim involves identifying areas for improvement within an organization's quality management system.

• It includes developing strategies to promote and prioritize these improvement initiatives.

• Examples of prom prim activities include conducting quality audits, implementing corrective act

Finance involves managing money, investments, and financial activities to achieve financial goals.

• Finance is the management of money and investments.

• It includes activities such as budgeting, investing, and analyzing financial data.

• Finance helps individuals and organizations make informed financial decisions.

• Examples of finance include banking, investing in stocks, and creating financial plans.

• Finance also involves unde

Ledgering is the process of recording financial transactions in a company's general ledger.

• Ledgering involves recording debits and credits for each transaction.

• Each transaction is recorded in a specific account within the general ledger.

• The general ledger is used to create financial statements such as the balance sheet and income statement.

• Ledgering helps track the financial health of a company and ensures accurate fin

Analyzing procurement cost involves evaluating expenses related to purchasing goods and services.

• Reviewing invoices and purchase orders to track costs

• Comparing prices from different suppliers to identify cost-saving opportunities

• Analyzing historical data to forecast future procurement costs

• Conducting supplier negotiations to secure better pricing

• Utilizing cost analysis tools and software for detailed insights