Certified Specialist Accounting & Finance
Full Exam Review (Qns & Ans)
2025
1. Multiple Choice : What is the primary goal of cost analysis in
healthcare organizations?
- A) Increase patient satisfaction
- B) Optimize resource allocation
- C) Reduce staff turnover
- D) Decrease patient volumes
ANS : B
Rationale : Cost analysis focuses on optimizing resources to
improve efficiency and reduce waste.
©2025
,2. Fill-in-the-Blank : Cost allocation is necessary to assign
________ to different departments and services in a healthcare
organization.
ANS : Overhead costs
Rationale : Overhead costs need to be allocated to ensure
accurate financial reporting and decision-making.
3. True/False : Activity-Based Costing (ABC) identifies costs
based on resources consumed by individual activities.
ANS : True
Rationale : ABC assigns costs to activities and services based
on their actual resource usage.
4. Multiple Response : Which methods are commonly used for
cost allocation in healthcare organizations?
- A) Direct allocation method
- B) Step-down method
- C) Reciprocal method
- D) Horizontal method
ANS : A, B, C
Rationale : The direct, step-down, and reciprocal methods are
all valid approaches to cost allocation.
©2025
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Reimbursement and Managed Care
5. Multiple Choice : What is a primary feature of managed care
contracts?
- A) Fee-for-service reimbursement
- B) Capitated payment structure
- C) Retrospective payment system
- D) Indemnity insurance model
ANS : B
Rationale : Managed care contracts often use a capitated
payment system, where providers receive a fixed amount per
patient.
6. Fill-in-the-Blank : Managed care emphasizes ________ over
treatment of illnesses to reduce costs and improve outcomes.
ANS : Preventive care
Rationale : Preventive care reduces costs by addressing health
concerns before they require expensive treatment.
7. True/False : Reimbursement under managed care is always
higher than fee-for-service payment models.
©2025
Full Exam Review (Qns & Ans)
2025
1. Multiple Choice : What is the primary goal of cost analysis in
healthcare organizations?
- A) Increase patient satisfaction
- B) Optimize resource allocation
- C) Reduce staff turnover
- D) Decrease patient volumes
ANS : B
Rationale : Cost analysis focuses on optimizing resources to
improve efficiency and reduce waste.
©2025
,2. Fill-in-the-Blank : Cost allocation is necessary to assign
________ to different departments and services in a healthcare
organization.
ANS : Overhead costs
Rationale : Overhead costs need to be allocated to ensure
accurate financial reporting and decision-making.
3. True/False : Activity-Based Costing (ABC) identifies costs
based on resources consumed by individual activities.
ANS : True
Rationale : ABC assigns costs to activities and services based
on their actual resource usage.
4. Multiple Response : Which methods are commonly used for
cost allocation in healthcare organizations?
- A) Direct allocation method
- B) Step-down method
- C) Reciprocal method
- D) Horizontal method
ANS : A, B, C
Rationale : The direct, step-down, and reciprocal methods are
all valid approaches to cost allocation.
©2025
, ---
Reimbursement and Managed Care
5. Multiple Choice : What is a primary feature of managed care
contracts?
- A) Fee-for-service reimbursement
- B) Capitated payment structure
- C) Retrospective payment system
- D) Indemnity insurance model
ANS : B
Rationale : Managed care contracts often use a capitated
payment system, where providers receive a fixed amount per
patient.
6. Fill-in-the-Blank : Managed care emphasizes ________ over
treatment of illnesses to reduce costs and improve outcomes.
ANS : Preventive care
Rationale : Preventive care reduces costs by addressing health
concerns before they require expensive treatment.
7. True/False : Reimbursement under managed care is always
higher than fee-for-service payment models.
©2025
