Liberty
University BUSI 311 quiz 5 solutions answers right
How
many versions: 4 different versions
Question 1 Access to the care of specialist
physicians is limited in which type of health plan?
Question 2 Which type of HMO offers the
most flexibility for participating physicians?
Question 3 The primary reasons why
materials management is so important to healthcare organizations include all of
the following except
Question 4 The commonly accepted method for
valuing inventory that produces an inventory of newer items is referred to as
Question 5 The Medicare Prescription Drug,
Improvement & Modernization Act of 2003 includes provisions to:
Question 6 The types of costs that change
directly in relation to changes in volume are called
Question 7 The Medicare prospective payment
system for reimbursing hospitals utilizes
Question 8 A high deductible health plan
with a savings option represents a form of consumer driven health plan that:
Question 9 In the wake of health care
reform, most health care executives believe that the new reform policies will:
Question 10 Private health insurance
coverage includes the following types:
Question 11 The growth in health insurance
in the U.S. came about as a result of:
Question 12 Using working capital to
enhance "good will" toward the healthcare organization includes
Question 13 The volume of production in
units and sales of goods or services, where total costs equal total revenues,
is called
Question 14 Problems associated with the
care of active military personnel and retirees include all of the following
EXCEPT:
Question 15 The primary reason that
healthcare managers should be concerned about healthcare financing and health
insurance is:
Question 16 Bad debt in health care finance
is defined as:
Question 17 The primary preparers of
capital budget requests are the
Question 18 The difference between a
hospital's charges for an inpatient stay in the facility and the amount the
hospital has agreed to accept from the patient's insurance carrier is called
Question 19 Many of those who are
uninsured:
Question 20 Medicaid provides coverage for
lowincome individuals who
Question 21 Which of the following is NOT a
characteristic of notforprofit healthcare organizations?
Question 22 Unlike other organizations,
healthcare organizations tend to generate very little immediate cash because of
Question 23 Medicaid spending increases are
the result of:
Question 24 The Patient Protection and
Affordable Care Act includes provisions for the following:
Question 25 Efforts to control the costs of
Medicare have been undertaken via legislation mandated to create prospective
payment systems for
Question 26 Which of the following is
characteristic of the way the uninsured utilize the health care system?
Question 27 In purchasing health insurance,
which of the following is NOT typically a consideration?
Question 28 The primary goal of managing
accounts receivable is to
Question 29 Current assets may include:
Question 30 The Balanced Budget Act of 1997
implemented cost controls for Medicare expenditures in all of the following
healthcare sectors except
A high deductible health plan with a savings option
represents a form of consumer driven health plan that
Access to the care of specialist physicians is limited in
which type of health plan?
CHIP is a program that provides for
Cost sharing is required of those covered by:
Efforts to control the costs of Medicare have been
undertaken via legislation mandated to create prospective payment systems for
In purchasing health insurance, which of the following is
NOT typically a consideration?
Individuals who have coverage under the Medicare Program
include:
Many of those who are uninsured:
Medicaid provides coverage for low-income individuals who
Medicaid spending increases are the result of:
Medicare includes coverage of all of the following EXCEPT:
Medicare spending has increased as a result of:
Private health insurance coverage includes the following
types:
Problems associated with the care of active military
personnel and retirees include all of the following EXCEPT:
The growth in health insurance in the U.S. came about as a
result of:
The Medicare Prescription Drug, Improvement &
Modernization Act of 2003 includes provisions to:
The Patient Protection and Affordable Care Act includes
provisions for the following:
The primary reason that healthcare managers should be
concerned about healthcare financing and health insurance is:
The TRICARE military healthcare system provides coverage
for
Which of the following is characteristic of the way the
uninsured utilize the health care system?
Which type of HMO offers the most flexibility for
participating physicians?
Which type of managed care offers patients flexibility in
accessing their physician of choice?
Who bears the costs of providing care to the uninsured?
The chief
financial officer (CFO) of a hospital supervises all of the following officers
except
A. The Independent Auditor
B. The Treasurer
C. The Controller
D. The Internal Auditor
The volume
of production in units and sales of goods or services, where total costs equal
total revenues, is called
A. Factoring receivables
B. Cash flow
C. The economic order quantity
D. The break-even point
Primary
sources of working capital include all of the following except
A. Net income, or profits
B. Equipment
C. Inventory
D. Investments
The
primary preparers of capital budget requests are the
A. CEO and CFO
B. Department managers
C. Facilities management staff
D. Accounting staff
The
determination of the total cost of producing a specified healthcare service
through assigning costs into revenue-producting departments is referred to as
A. Classifying costs
B. Assembling costs
C. Cost allocation
D. Activity-based costing
Setting
prices in healthcare organizations involves consideration of all of the
following except
A. The amount of current accounts receivable
B. Other competitors in the market
C. The perceived value of goods and services
D. Money actually spent
The
difference between a hospital's charges for an inpatient stay in the facility
and the amount the hospital has agreed to accept from the patient's insurance
carrier is called
A. A contactual allowance
B. Uncompensated care
C. Capitation
D. Fee-for-service
The
primary reasons why materials management is so important to healthcare
organizations include all of the following except
A. Appropriate patient care
B. Improving the organization's profitability
C. Controlling costs of materials and inventory
D. Developing close relationships with vendors
The
Balanced Budget Act of 1997 implemented cost controls for Medicare expenditures
in all of the following healthcare sectors except
A. Skilled nursing facilities
B. Pharmaceutical companies
C. Home health agencies
D. Outpatient hospitals and clinics
Bad debt
in health care finance is defined as:
A. billing for services rendered but no payment is received
B. debt that is owed by the health care organization
C. charity care provided by not-for profit organizations
D. patient care that is provided on a charity basis
In the
wake of health care reform, most health care executives believe that the new
reform policies will:
A. Have a negative financial impact on their facilities
B. Improve the bottom line of their organizations
C. Increase employee productivity
D. Not change the way that their finance departments are operated
The types
of costs that change directly in relation to changes in volume are called
A. Indirect costs
B. Variable costs
C. Direct costs
D. Fixed costs
The type
of budget that forecasts cash inflows and cash outflows for the next fiscal
year is called the
A. Operating or cash budget
B. Capital budget
C. Statistics budget
D. Expense budget
Current
assets may include:
A. Property
B. Accounts receivable
C. Cash on hand
D. A & C only
E. B & C only
The
primary goal of managing accounts receivable is to
A. Reduce the collection period for payment for services
B. Collect revenue for investment opportunites
C. Generate "good will" for the organization
D. Increase the collateral for negotiating a line of credit with lenders
Capital
budgets may include all of the following except
A. Information technology infrastructure
B. Net lending or borrowing needs of the organization
C. Land or facility acquisition
D. Recruitment of staff physicians
Health
care financial management involves:
A. Oversight of day to day financial operations
B. Increasing revenues and decreasing costs
C. Planning the organizations long-range financial direction
D. None of the above
E. All of the above
CMI is an
acronym that stands for:
A. Center for Mediation Issues
B. Centralized Management Inventory
C. Center for Medicare and Medicaid Innovation
D. Cost Management Industry
The
commonly accepted method for valuing inventory that produces an inventory of
newer items is referred to as
A. FIFO, or "first-in, first-out"
B. Weighted average
C. Specific identification
D. LIFO, or "last-in, last-out"
The
Medicare prospective payment system for reimbursing hospitals utilizes
A. The RBRVS system
B. A "Cost Plus" charging system
C. DRGs
D. Per diem rates
True or
False? Catastrophic health insurance coverage is the most commonly purchased
type of health insurance today
True or
False? Changes in the extent to which individuals have health insurance
coverage in times of economic downturn tend to be absorbed by private health
plans, rather than public ones.
True or
False? Comprehensive health insurance coverage typically includes hospital
coverage, but not physician services.
True or
False? Elderly Medicaid beneficiaries account for the majority of the program's
spending.
True or
False? Enrollment in conventional indemnity health insurance plans has
increased in the past 15 years.
True or
False? Funding for the Medicare Program is derived only from federal taxes.
True or
False? Health insurance policies have not used lifetime limits to control total
exposure for the costs of care.
True or
False? Medicaid and Medicare are private insurance programs administered by the
federal government
True or
False? Medicaid is a federally-mandated program that is administered by the
states.
True or
False? Medicaid programs are uniform across the states.
True or
False? Public sources of funding accounted for slightly less than half of all
expenditures for health care in 2008.
True or
False? Risk is a concept in health insurance that involves a group sharing the
costs of losses incurred by the members of the insurance pool.
True or
False? The Centers for Medicare & Medicaid Services project that health
spending will be 30% of GDP by 2012.
True or
False? The health plans provided for under Part C of Medicare are sometimes
referred to as Medicare Advantage (MA) plans.
True or False?
The majority of the uninsured population is comprised of adults aged 35 and
older.
True or
False? The Patient Protection and Affordable Care Act of 2010 calls for changes
that will impact insurers, businesses, consumers, and healthcare providers.
True or
False? The VA has programs that cover children with certain birth defects born
to female Vietnam Veterans.
True or
False? The Veterans Health Administration is the largest health care system in
the world.
The
difference between a hospital's charges for an inpatient stay in the facility
and the amount the hospital has agreed to accept from the patient's insurance
carrier is called
Which of
the following is NOT a possible outcome of the decision-making process in cost
accounting in healthcare organizations?
The
determination of the total cost of producing a specified healthcare service
through assigning costs into revenue-producing departments is referred to as
The types
of costs that change directly in relation to changes in volume are called
Private health
insurance coverage includes the following types
The growth
in health insurance in the U.S. came about as a result of:
In
purchasing health insurance, which of the following is NOT typically a
consideration?
Which type
of HMO offers the most flexibility for participating physicians?
Which type
of managed care offers patients flexibility in accessing their physician of
choice?
Access to
the care of specialist physicians is limited in which type of health plan?
Efforts to
control the costs of Medicare have been undertaken via legislation mandated to
create prospective payment systems for
The
Medicare Prescription Drug, Improvement & Modernization Act of 2003
includes provisions to:
The chief
financial officer (CFO) of a hospital supervises all of the following officers
EXCEPT
The
Medicare prospective payment system for reimbursing hospitals utilizes
Which of
the following is NOT a characteristic of not-for-profit healthcare
organizations?
The
Balanced Budget Act of 1997 implemented cost controls for Medicare expenditures
in all of the following healthcare sectors EXCEPT
The
largest category of healthcare workers is:
Residency
Training lasts from ___to ___, depending on the specialty.
Resident
work hours have changed due to
Licensure
is
Criminal
Background Checks for nurses and physicians are
Board
certification is:
CME is
Physician
credentialing is:
Which of
the following indicates the need for more health care workers in the future?
Which of
the following is an example of an "employee retention" function?
Incentive
compensation is believed to have what effect on employee performance?
Performance
appraisals are useful to
Not all HR
functions are carried out exclusively by HR staff. Which of the following would
be carried out by line managers?
Flexible benefits
are helpful to employees because:
Recent
information from the literature concerning employee perceptions suggests that:
Job
analysis is necessary to:
A team is:
One of the
ways to engage medical staff is to:
Some of
the benefits of effective healthcare team are:
Which of
the following is NOT correct about Cross Functional Teams (CFTs)?
Teamwork
is taught in:
Participation
in the VHA Medical Team Training program was associated with:
To
convince higher level management that teamwork is worth the effort, one should
point to:
Nursing
turnover costs are about:
Select all
the terms that can be used interchangeably with cultural competency.
Concerns
with the term cultural competence include
The
National Standards on Culturally and Linguistically Appropriate Services
provide for:
A hospital
can demonstrate inclusivity by community engagement through:
Public
policies to address health disparities could include:
Vulnerable
populations are more exposed to risks from:
Benefits
of a diverse health care workforce include
By 2050,
more than half the population of the U.S. will be comprised of minorities.
Which of
the following is not a primary source of ethics?
What are
the main sources of American law?
What are
some of the ways in which healthcare organizations protect the rights of their
patients?
A wrong
against society as a whole, even if a particular individual is harmed, is
considered a violation of which type of law?
Contract
violations are generally considered to be part of which type of law?
Which of
these elements is NOT necessary for a contract to be binding?
A wrongful
act against a person or organization is considered what type of violation?
For a
health provider's action to be considered negligent, which of the following
factors is NOT necessary?
The investigative
and enforcement authority to deal with fraud and abuse violations was granted
to the Department of Health and Human Services (DHHS) through?
Examples
of healthcare fraud and abuse include?
Violations
of the Criminal Disclosure Provision of the Social Security Act include
penalties of
An example
of a Stark Law violation is:
Violations
of the Emergency Medical Treatment and Active Labor Act (EMTALA) include all of
the following, except:
The
Anti-Kickback Statutes
Seven
Essential Elements of An Effective Compliance Program include:
ORT is an
acronym that stands for
Many of
those who are uninsured:
A. Are workers who are employed in industries that do not provide health
insurance
B. Do not have access to routine health care
C. Are American citizens
D. All of the above
Medicaid
provides coverage for low-income individuals who
A. Receive Temporary Aid to Needy Families (TANF) assistance
B. Receive Supplemental Security Income (SSI) assistance
C. Are pregnant
D. Are elderly
E. All of the above
True or False?
The majority of the uninsured population is comprised of adults aged 35 and
older.
True
False
The
Medicare Prescription Drug, Improvement & Modernization Act of 2003
includes provisions to:
A. Fund rural hospitals
B. Create Part D of Medicare
C. Increase prevention benefits for seniors
D. All of the above
Which type
of managed care offers patients flexibility in accessing their physician of
choice?
A. Preferred Provider Organization
B. Point of Service Plan
C. Health Maintenance Organization
D. All of the above
E. A and B above
CHIP is a
program that provides for
A. Children covered by Medicare
B. All children
C. Children covered by Medicaid
D. Children in low income families who would not typically qualify under
Medicaid
Which type
of HMO offers the most flexibility for participating physicians?
A. Closed-panel HMO
B. Independent Practice Association
C. Open-panel HMO
D. None of the above
Cost
sharing is required of those covered by:
A. HMOs
B. PPOs
C. Medicare
D. Medicaid
E. All of the above
The primary
reason that healthcare managers should be concerned about healthcare financing
and health insurance is:
A. It's the right thing to do
B. It's important to the organizations' bottom line and to organizational
success
C. Employees are concerned about the increases in their share of premiums and
other cost sharing
D. All of the above
Medicaid
spending increases are the result of:
A. Expansion of services of many types
B. Expansion of eligibility to include all children
C. Rising unemployment and increases in the uninsured
D. A and C above
E. All of the above
Medicare
includes coverage of all of the following EXCEPT:
A. Presceiption drugs under Part D
B. Mental health care under Part E
C. Inpatient hospital care under Part A
D. Physician services and outpatient care under Part B
Access to
the care of specialist physicians is limited in which type of health plan?
A. Point of Service Plan
B. Conventional Plan
C. Health Maintenance Organization
D. Preferred Provider Organization
E. All of the above
Who bears
the costs of providing care to the uninsured?
A. The uninsured
B. Philanthropic contributions
C. Local governments
D. Everyone, including all of the above
In
purchasing health insurance, which of the following is NOT typically a
consideration?
A. Liability
B. Deductibles and copays
C. Benefit package
D. Provider Choice
A.
Preferred Provider Plans
B. Health Maintenance Organizations
C. Indemnity Plans
D. All of the above
Problems
associated with the care of active military personnel and retirees include all
of the following EXCEPT:
A. Access to care in rural areas
B. Access to medical centers in major metropolitan areas
C. Access to care for reservists and other temporary personnel
D. None of the above
The growth
in health insurance in the U.S. came about as a result of:
A. The rising cost of health care
B. The increased government role in providing access to care
C. The involvement of unions and collective bargaining D. All of the above
A high
deductible health plan with a savings option represents a form of consumer
driven health plan that:
A. Encourages the purchaser to be more aware of the cost of care
B. Encourages the consumer to use preventive types of health care
C. Is usually lower cost than other types of plans
D. Requires the consumer to pay a large amount out-of-pocket before the plan
kicks in
E. All of the above
Which of
the following is characteristic of the way the uninsured utilize the health
care system?
A. They delay seeking care, eventually ending up in emergency rooms
B. They can afford to pay for care out-of-pocket
C. They utilize preventive care to maintain wellness
D. They have a primary care physician
The
Patient Protection and Affordable Care Act includes provisions for the
following:
A. Improving quality.
B. Expanding Medicaid.
C. Allowing greater access to long-term care insurance coverage.
D. Providing access to health care for all Americans.
E. All of the above.
E.
All of the above
A high
deductible health plan with a savings option represents a form of consumer
driven health plan that
of
specialist physicians is limited in which type of health plan?
CHIP is a
program that provides for
Cost
sharing is required of those covered by:
Efforts to
control the costs of Medicare have been undertaken via legislation mandated to
create prospective payment systems for
In
purchasing health insurance, which of the following is NOT typically a
consideration?
Individuals
who have coverage under the Medicare Program include:
Many of
those who are uninsured:
Medicaid
provides coverage for low-income individuals who
Medicaid
spending increases are the result of:
Medicare
includes coverage of all of the following EXCEPT:
Medicare
spending has increased as a result of:
Private
health insurance coverage includes the following types:
Problems
associated with the care of active military personnel and retirees include all
of the following EXCEPT:
The growth
in health insurance in the U.S. came about as a result of:
The
Medicare Prescription Drug, Improvement & Modernization Act of 2003
includes provisions to:
The
Patient Protection and Affordable Care Act includes provisions for the
following:
The
primary reason that healthcare managers should be concerned about healthcare
financing and health insurance is:
The
TRICARE military healthcare system provides coverage for
Which of
the following is characteristic of the way the uninsured utilize the health
care system?
Which type
of HMO offers the most flexibility for participating physicians?
Which type
of managed care offers patients flexibility in accessing their physician of
choice?
Who bears
the costs of providing care to the uninsured?
True or
False? Catastrophic health insurance coverage is the most commonly purchased
type of health insurance today
True or
False? Changes in the extent to which individuals have health insurance
coverage in times of economic downturn tend to be absorbed by private health
plans, rather than public ones.
True or
False? Comprehensive health insurance coverage typically includes hospital
coverage, but not physician services.
True or
False? Elderly Medicaid beneficiaries account for the majority of the program's
spending.
True or
False? Enrollment in conventional indemnity health insurance plans has
increased in the past 15 years.
True or
False? Funding for the Medicare Program is derived only from federal taxes.
True or
False? Health insurance policies have not used lifetime limits to control total
exposure for the costs of care.
True or
False? Medicaid and Medicare are private insurance programs administered by the
federal government
True or
False? Medicaid is a federally-mandated program that is administered by the
states.
True or
False? Medicaid programs are uniform across the states.
True or
False? Public sources of funding accounted for slightly less than half of all
expenditures for health care in 2008.
True or
False? Risk is a concept in health insurance that involves a group sharing the
costs of losses incurred by the members of the insurance pool.
True or
False? The Centers for Medicare & Medicaid Services project that health
spending will be 30% of GDP by 2012.
True or
False? The health plans provided for under Part C of Medicare are sometimes
referred to as Medicare Advantage (MA) plans.
True or
False? The majority of the uninsured population is comprised of adults aged 35 and
older.
True or
False? The Patient Protection and Affordable Care Act of 2010 calls for changes
that will impact insurers, businesses, consumers, and healthcare providers.
True or
False? The VA has programs that cover children with certain birth defects born
to female Vietnam Veterans.
True or
False? The Veterans Health Administration is the largest health care system in
the world.
A high deductible health plan with a savings option
represents a form of consumer driven health plan that
Access to the care of specialist physicians is limited in
which type of health plan?
CHIP is a program that provides for
Cost sharing is required of those covered by:
Efforts to control the costs of Medicare have been
undertaken via legislation mandated to create prospective payment systems for
In purchasing health insurance, which of the following is
NOT typically a consideration?
Individuals who have coverage under the Medicare Program
include:
Many of those who are uninsured:
Medicaid provides coverage for low-income individuals who
Medicaid spending increases are the result of:
Medicare includes coverage of all of the following EXCEPT:
Medicare spending has increased as a result of:
Private health insurance coverage includes the following
types:
Problems associated with the care of active military
personnel and retirees include all of the following EXCEPT:
The growth in health insurance in the U.S. came about as a
result of:
The Medicare Prescription Drug, Improvement &
Modernization Act of 2003 includes provisions to:
The Patient Protection and Affordable Care Act includes
provisions for the following:
The primary reason that healthcare managers should be
concerned about healthcare financing and health insurance is:
The TRICARE military healthcare system provides coverage
for
Which of the following is characteristic of the way the
uninsured utilize the health care system?
Which type of HMO offers the most flexibility for
participating physicians?
Which type of managed care offers patients flexibility in
accessing their physician of choice?
Who bears the costs of providing care to the uninsured?
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