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Accountable Care Organiza ons (ACOs) are built on the premise that: - Ans It is based on that
groups of providers come together and take responsibility for delivering care to a defined
pa ent popula on.
Bad debt in health care finance is defined as: - Ans The health care bills for service but
received no payment. These opera ng expenses are based on charges, not cost, and are wri(en
off by the organiza on. This term is usually used with for-profit organiza on.
CMI is an acronym that stands for: - Ans Center for Medicare and Medicaid Innova on.
Capital budget may include all of the following EXCEPT - Ans -Land acquisi on
-Facility construc on, acquisi on, renova on.
-Rou ne capital equipment used in clinical areas.
-Informa on technology infrastructure and upgrades.
-Acquisi on of staff physicians
Charge se2ng is controlled by: - Ans Individual healthcare managers and large organiza ons
Charity care is - Ans Organiza on provides care, knowing the pa ent will be unable to pay.
Current assets may include - Ans It is inventory, cash on hand, account receivable, and other
such items that can be converted into cash in less than one year.
, For-profit health care organiza ons are usually owned by: - Ans Owned by investors or others
who have an interest on making a profit from the service that are provided.
Health care financial management involves - Ans -Working to increase the revenues and
decrease the costs of the organiza on.
-Making organiza onal forecasts, while taking into considera on numerous external
environmental variables
-Has the goal of the finance department to put the organiza on in the best posi on possible.
Physician reimbursement through Medicare will eventually be: - Ans -Resource-Based Rela ve
Value Scale (RBRVS) system pays a prospec ve flat fee for physician visit and is based on
Healthcare Common Procedure Coding System (HCPCS) that uses CPT codes.
-will allow physicians to pay increase over the next five years.
Primary sources of working capital include all of the following EXCEPT: - Ans Include
-Permanent working capital.
-Net income, or profits.
-Temporary working capital
Se2ng prices in health care organiza ons involves considera on of all the following Except -
Ans Se2ng prices include:
-State and Federal laws and regula ons
-The Joint Commission and other accredi ng body regula ons.
- An trust and other fair-pricing laws
- Profit-oriented pricing