HMP 320 Final EXAM NEWEST 2025-2026 COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND
NEW VERSION!!
What was the impact of the Hill-Burton Act of 1946? - CORRECT ANSWER- It
increased the number of hospitals in the US by providing funds for building
hospitals, requiring them to offer free or low-cost care to the poor.
What does Roemer's Law state? - CORRECT ANSWER- Roemer's Law states that 'a
built bed is a filled bed,' suggesting that increasing hospital beds leads to
increased occupancy.
What trend has been observed in hospital stays? - CORRECT ANSWER- There is a
trend toward increased outpatient visits and decreased length of stay in hospitals.
What are hospital charges often referred to as? - CORRECT ANSWER- Hospital
charges are known as 'list prices' in most industries.
What is a Chargemaster? - CORRECT ANSWER- A Chargemaster is a comprehensive
list created by hospitals that includes charges for every type of service.
,How do hospitals primarily get paid? - CORRECT ANSWER- Hospitals receive 95
percent of their funds from third-party insurance rather than directly from
patients.
Who owns a non-profit hospital? - CORRECT ANSWER- Non-profit hospitals are
owned by the community, and excess revenues are typically reinvested into the
hospital.
How do Medicaid and Medicare influence hospital charges? - CORRECT ANSWER-
Medicaid and Medicare generally set the charges for hospital services.
What is a major mode of hospital-physician relationships in the US? - CORRECT
ANSWER- The majority of physicians operate as independent practitioners using
hospital resources, referred to as 'physicians' workshop.'
What are the trade-offs in different hospital-physician relationship modes? -
CORRECT ANSWER- The trade-offs include physician loyalty to the hospital versus
the patient and potential overuse of hospital resources by independent doctors.
What factors limit competition among hospitals? - CORRECT ANSWER- Limited
competition is due to barriers to entry, insurance coverage, lack of price
transparency, and the emergency nature of healthcare.
How does hospital competition typically affect patients? - CORRECT ANSWER-
Competition generally improves quality and lowers prices, but the ubiquity of
insurance can hinder price competition.
, What is the medical arms race hypothesis? - CORRECT ANSWER- It suggests that
competition among hospitals for physicians can lead to redundancy and
overconsumption of medical technologies, increasing costs without improving
quality.
What percentage of hospitals in the US are non-profit? - CORRECT ANSWER- As of
2021, 80% of private hospitals in the US are organized as non-profits.
What are the benefits of non-profit hospital status? - CORRECT ANSWER- Non-profit
hospitals are exempt from taxes and donors receive tax deductions.
What are the costs associated with non-profit hospital status? - CORRECT ANSWER-
Non-profits cannot sell stock, distribute profits to owners, or engage in certain
activities outside their charitable mission.
What was the total hospital spending in the US in 2020? - CORRECT ANSWER-
Hospital spending exceeded $1.16 trillion in 2020.
What unintended consequence can arise from price transparency initiatives? -
CORRECT ANSWER- Consumers may incorrectly associate higher prices with higher
quality, leading them to choose more expensive providers.
What did the Trump administration's Final Rule address? - CORRECT ANSWER- It
aimed to enhance price transparency in hospitals.
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND
NEW VERSION!!
What was the impact of the Hill-Burton Act of 1946? - CORRECT ANSWER- It
increased the number of hospitals in the US by providing funds for building
hospitals, requiring them to offer free or low-cost care to the poor.
What does Roemer's Law state? - CORRECT ANSWER- Roemer's Law states that 'a
built bed is a filled bed,' suggesting that increasing hospital beds leads to
increased occupancy.
What trend has been observed in hospital stays? - CORRECT ANSWER- There is a
trend toward increased outpatient visits and decreased length of stay in hospitals.
What are hospital charges often referred to as? - CORRECT ANSWER- Hospital
charges are known as 'list prices' in most industries.
What is a Chargemaster? - CORRECT ANSWER- A Chargemaster is a comprehensive
list created by hospitals that includes charges for every type of service.
,How do hospitals primarily get paid? - CORRECT ANSWER- Hospitals receive 95
percent of their funds from third-party insurance rather than directly from
patients.
Who owns a non-profit hospital? - CORRECT ANSWER- Non-profit hospitals are
owned by the community, and excess revenues are typically reinvested into the
hospital.
How do Medicaid and Medicare influence hospital charges? - CORRECT ANSWER-
Medicaid and Medicare generally set the charges for hospital services.
What is a major mode of hospital-physician relationships in the US? - CORRECT
ANSWER- The majority of physicians operate as independent practitioners using
hospital resources, referred to as 'physicians' workshop.'
What are the trade-offs in different hospital-physician relationship modes? -
CORRECT ANSWER- The trade-offs include physician loyalty to the hospital versus
the patient and potential overuse of hospital resources by independent doctors.
What factors limit competition among hospitals? - CORRECT ANSWER- Limited
competition is due to barriers to entry, insurance coverage, lack of price
transparency, and the emergency nature of healthcare.
How does hospital competition typically affect patients? - CORRECT ANSWER-
Competition generally improves quality and lowers prices, but the ubiquity of
insurance can hinder price competition.
, What is the medical arms race hypothesis? - CORRECT ANSWER- It suggests that
competition among hospitals for physicians can lead to redundancy and
overconsumption of medical technologies, increasing costs without improving
quality.
What percentage of hospitals in the US are non-profit? - CORRECT ANSWER- As of
2021, 80% of private hospitals in the US are organized as non-profits.
What are the benefits of non-profit hospital status? - CORRECT ANSWER- Non-profit
hospitals are exempt from taxes and donors receive tax deductions.
What are the costs associated with non-profit hospital status? - CORRECT ANSWER-
Non-profits cannot sell stock, distribute profits to owners, or engage in certain
activities outside their charitable mission.
What was the total hospital spending in the US in 2020? - CORRECT ANSWER-
Hospital spending exceeded $1.16 trillion in 2020.
What unintended consequence can arise from price transparency initiatives? -
CORRECT ANSWER- Consumers may incorrectly associate higher prices with higher
quality, leading them to choose more expensive providers.
What did the Trump administration's Final Rule address? - CORRECT ANSWER- It
aimed to enhance price transparency in hospitals.
