NAB CORE RCAL-FINANCIAL EXAM
QUESTIONS & ANSWERS 2025/2026
Medicare Part B - ANSWERSThe part of the Medicare program that pays for physician services,
outpatient hospital services, durable medical equipment, and other services and supplies.
Medicare Part A - ANSWERSThe part of the Medicare program that pays for hospitalization, care
in a skilled nursing facility, home health care, and hospice care.
Medicare Part D - ANSWERSPrescription drug coverage
Anti Kickback Law - ANSWERSProhibits the solicitation, receiving, offering, or paying of any
remuneration directly or indirectly in cash or in kind in exchange.
Medicaid - ANSWERSA federal and state assistance program that pays for health care services
for people who cannot afford them.
HIPPA Title I - ANSWERSprotects health insurance coverage for workers and their families when
they lose their jobs. Coverage under COBRA for 18 months
HIPPA Title II - ANSWERSnational standards for electronic healthcare transactions, national
identifiers for providers, confidential record keeping, access to records
HIPPA CONT - ANSWERSW/out consent only for providing treatment, obtaining payment,
performing non treatment operational tasks
, Sarbanes-Oxley Act - ANSWERSTruth in financial reporting which provides SEC oversight.
Financials checked by independent auditors. Monitor and report internal controls. Annual
assessment due to SEC. CEO/CFO must sign off on all audits.
account balance - ANSWERSthe difference between the total debits and the total credits in an
account
Accrued interest payable - ANSWERScurrent liability
Amoritazation - ANSWERSthe paying off of a debt in regular installments over a period of time
Assets - ANSWERSthe cash, inventory, property, plant, and equipment, and other investments a
company has made
Balance Sheet - ANSWERSA financial statement that reports assets, liabilities, and owner's
equity at any given point
Control Systems - ANSWERSMeasurement, evaluation and correction. spenddown
Cost Creep - ANSWERSIncreasing of costs (usually labor) as a result of increased resident acuity
without any increase in revenue as an offset.
Assets - ANSWERSCan be liquidated quickly
Current Ratio - ANSWERScurrent assets - current liabilities
The wider the margin, the sounder your company
Equities - ANSWERSFinancial rights to the assets of a business (the bank or the investors)
QUESTIONS & ANSWERS 2025/2026
Medicare Part B - ANSWERSThe part of the Medicare program that pays for physician services,
outpatient hospital services, durable medical equipment, and other services and supplies.
Medicare Part A - ANSWERSThe part of the Medicare program that pays for hospitalization, care
in a skilled nursing facility, home health care, and hospice care.
Medicare Part D - ANSWERSPrescription drug coverage
Anti Kickback Law - ANSWERSProhibits the solicitation, receiving, offering, or paying of any
remuneration directly or indirectly in cash or in kind in exchange.
Medicaid - ANSWERSA federal and state assistance program that pays for health care services
for people who cannot afford them.
HIPPA Title I - ANSWERSprotects health insurance coverage for workers and their families when
they lose their jobs. Coverage under COBRA for 18 months
HIPPA Title II - ANSWERSnational standards for electronic healthcare transactions, national
identifiers for providers, confidential record keeping, access to records
HIPPA CONT - ANSWERSW/out consent only for providing treatment, obtaining payment,
performing non treatment operational tasks
, Sarbanes-Oxley Act - ANSWERSTruth in financial reporting which provides SEC oversight.
Financials checked by independent auditors. Monitor and report internal controls. Annual
assessment due to SEC. CEO/CFO must sign off on all audits.
account balance - ANSWERSthe difference between the total debits and the total credits in an
account
Accrued interest payable - ANSWERScurrent liability
Amoritazation - ANSWERSthe paying off of a debt in regular installments over a period of time
Assets - ANSWERSthe cash, inventory, property, plant, and equipment, and other investments a
company has made
Balance Sheet - ANSWERSA financial statement that reports assets, liabilities, and owner's
equity at any given point
Control Systems - ANSWERSMeasurement, evaluation and correction. spenddown
Cost Creep - ANSWERSIncreasing of costs (usually labor) as a result of increased resident acuity
without any increase in revenue as an offset.
Assets - ANSWERSCan be liquidated quickly
Current Ratio - ANSWERScurrent assets - current liabilities
The wider the margin, the sounder your company
Equities - ANSWERSFinancial rights to the assets of a business (the bank or the investors)
