HFMA CHFP
Module 1
LATEST FINAL TEST REVIEW
Q&S
©2024/2025
,1. Which of the following best describes the concept of "value-
based purchasing" in healthcare?
- A) Payment method based on the volume of services provided.
- B) Financial incentives for improving patient outcomes and
quality of care.
- C) Traditional fee-for-service with emphasis on cost reduction.
- D) Exclusive contracting with suppliers for better pricing.
- Correct ANS: B
2. In healthcare risk management, "Enterprise Risk
Management" (ERM) is primarily aimed at:
- A) Managing clinical risks only.
- B) Minimizing financial losses from insurance claims.
- C) Integrating risk management across all departments and
identifying a wide range of risks.
- D) Focusing solely on regulatory compliance.
- Correct ANS: C
3. Which of the following is a key financial risk management
strategy for healthcare organizations?
©2024/2025
, - A) Increasing fixed costs.
- B) Diversifying investments in various healthcare sectors.
- C) Reducing operating hours to cut costs.
- D) Prioritizing high-cost interventions.
- Correct ANS: B
Evolving Payment Models
4. The Accountable Care Organization (ACO) model is designed
to:
- A) Increase specialist consultations.
- B) Share savings from enhanced care coordination and
improved patient outcomes.
- C) Promote competition among various healthcare providers.
- D) Enhance the patient volume per physician.
- Correct ANS: B
5. Bundled Payment Models in healthcare are intended to:
- A) Limit the choice of physicians for patients.
- B) Provide a single payment for all services related to a
treatment episode.
©2024/2025
, - C) Increase administrative billing processes.
- D) Encourage excessive use of healthcare services.
- Correct ANS: B
6. Which of the following best describes a "capitation" payment
model in healthcare?
- A) Providers receive payment per service rendered.
- B) Providers are paid on a per-patient basis regardless of the
number of services provided.
- C) Payment is based on a fixed salary for providers.
- D) Patients make direct cash payments to providers.
- Correct ANS: B
Healthcare Accounting and Cost Analysis
7. In healthcare cost analysis, a "break-even" point occurs when:
- A) Total revenues equal fixed costs.
- B) Total revenues equal total costs.
- C) Variable costs exceed fixed costs.
- D) Marginal costs equal average costs.
- Correct ANS: B
©2024/2025
Module 1
LATEST FINAL TEST REVIEW
Q&S
©2024/2025
,1. Which of the following best describes the concept of "value-
based purchasing" in healthcare?
- A) Payment method based on the volume of services provided.
- B) Financial incentives for improving patient outcomes and
quality of care.
- C) Traditional fee-for-service with emphasis on cost reduction.
- D) Exclusive contracting with suppliers for better pricing.
- Correct ANS: B
2. In healthcare risk management, "Enterprise Risk
Management" (ERM) is primarily aimed at:
- A) Managing clinical risks only.
- B) Minimizing financial losses from insurance claims.
- C) Integrating risk management across all departments and
identifying a wide range of risks.
- D) Focusing solely on regulatory compliance.
- Correct ANS: C
3. Which of the following is a key financial risk management
strategy for healthcare organizations?
©2024/2025
, - A) Increasing fixed costs.
- B) Diversifying investments in various healthcare sectors.
- C) Reducing operating hours to cut costs.
- D) Prioritizing high-cost interventions.
- Correct ANS: B
Evolving Payment Models
4. The Accountable Care Organization (ACO) model is designed
to:
- A) Increase specialist consultations.
- B) Share savings from enhanced care coordination and
improved patient outcomes.
- C) Promote competition among various healthcare providers.
- D) Enhance the patient volume per physician.
- Correct ANS: B
5. Bundled Payment Models in healthcare are intended to:
- A) Limit the choice of physicians for patients.
- B) Provide a single payment for all services related to a
treatment episode.
©2024/2025
, - C) Increase administrative billing processes.
- D) Encourage excessive use of healthcare services.
- Correct ANS: B
6. Which of the following best describes a "capitation" payment
model in healthcare?
- A) Providers receive payment per service rendered.
- B) Providers are paid on a per-patient basis regardless of the
number of services provided.
- C) Payment is based on a fixed salary for providers.
- D) Patients make direct cash payments to providers.
- Correct ANS: B
Healthcare Accounting and Cost Analysis
7. In healthcare cost analysis, a "break-even" point occurs when:
- A) Total revenues equal fixed costs.
- B) Total revenues equal total costs.
- C) Variable costs exceed fixed costs.
- D) Marginal costs equal average costs.
- Correct ANS: B
©2024/2025
