HA 3308 Chapter 12 Exam Questions AND Correct Answers
Basic business finance principles - ✔✔-Cash management
-Revenue cycle management
-Supply inventory management
-Pricing and profits
-Budgets
Capital budget - ✔✔allocate funds to purchase of equipment and infrastructure.
Available cash, equipment, and infrastructure purchased.
Cash flow budget - ✔✔manage cash flow to meet organizational financial
requirements. Time of expenses and investments, included cash receipts,
disbursements, net change in cash, and financing needed.
Cash management - ✔✔also known as "cash flow management", involves
managing monies that enter and leave the organization by paying bills
Downside Risk - ✔✔The opposite of upside risk. If a provider spends more for
patient care, the provider has to absorb the costs for the extra expenses
Fee-for-service - ✔✔payment for services rendered. providers are paid for the
quantity of services given, which can be at the time of the service or afterward.
These payments can be full charges, discounted charges, or a flat amount. (e.g.
diagnosis-related groups or DRGs)
How healthcare funds are pooled: - ✔✔The accumulation of prepaid funds on
behalf of some or all of the population
Basic business finance principles - ✔✔-Cash management
-Revenue cycle management
-Supply inventory management
-Pricing and profits
-Budgets
Capital budget - ✔✔allocate funds to purchase of equipment and infrastructure.
Available cash, equipment, and infrastructure purchased.
Cash flow budget - ✔✔manage cash flow to meet organizational financial
requirements. Time of expenses and investments, included cash receipts,
disbursements, net change in cash, and financing needed.
Cash management - ✔✔also known as "cash flow management", involves
managing monies that enter and leave the organization by paying bills
Downside Risk - ✔✔The opposite of upside risk. If a provider spends more for
patient care, the provider has to absorb the costs for the extra expenses
Fee-for-service - ✔✔payment for services rendered. providers are paid for the
quantity of services given, which can be at the time of the service or afterward.
These payments can be full charges, discounted charges, or a flat amount. (e.g.
diagnosis-related groups or DRGs)
How healthcare funds are pooled: - ✔✔The accumulation of prepaid funds on
behalf of some or all of the population
