Business Management - Exam #1 Questions d d d d d d
With Verified Solutions d d
business management - d d d
act of organizing people (and process) to accomplish the desired goals or outcomes
d d d d d d d d d d d d d d d d d d d d d d d d d d d d
entrepreneurship - d d
the ability to develop and organize a business, including taking on the risks, in
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
order to make a profit d d d d
policy - d d
course or principle of action adopted or proposed by a government, party, business,
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
or individual
d
- ethics
d
- politics -
d d d
What two things are policies based off of?
d d d d d d d d d d d d d d d d d d d d d d d
ethics - d d
area of study that deals with ideas about what is good and bad behavior; a branch of
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
d philosophy dealing with what is morally right or wrong (aka your moral code)
d d d d d d d d d d d d
politics - d d
d d d d d d d d d d d d d d d d opinions that someone has about what should be done by governments
d d d d d d d d d d
As part of the Social Security Act by Kennedy in the 1960s -
d d d d d d d d d d d d d
When did Medicare first pass?
d d d d d d d d d d d d d d d d d d d d
- we spend more per capita (about 17% GDP), more than any other country
d d d d d d d d d d d d d
- the majority of spending comes from private issued healthcare
d d d d d d d d d
--> Issue is, our healthcare outcomes are not better. We are one of the most unhealthy
d d d d d d d d d d d d d d d d
countries! Rated number 64 out of 100 countries, and number 11 among top countries
d d d d d d d d d d d d d
- more hospital admissions for preventable diseases
d d d d d d
- more emergency department use
d d d d d
- WAY less access
d d d
- we have more medical errors / we are less safe -
d d d d d d d d d d d d
Why does the US spend on so much compared to other countries on healthcare?
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
universal healthcare - d d d
system where all residents have healthcare coverage; this coverage can come from
d d d d d d d d d d d d d d d d d d d d d d d d d d d d
one source or multiple sources
d d d d
single payer healthcare d d d
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, - this is what Canada and the UK has
d d d d d d d d
- Japan has universal healthcare but not via a single payer -
d d d d d d d d d d d d
system where payment for healthcare comes from one source (usually is the
d d d d d d d d d d d d d d d d d d d d d d d d d d d d
government)
--> STEEPd
Safe
Timely
Effective
Efficient
Equitable
Patient centered - d d d
What is the acronym used to define quality care?
d d d d d d d d d d d d d d d d d d d d d d d d
- improve health outcomes
d d d
- improve satisfaction (experience of care)
d d d d d
- lower cost
d d d
--> Push for quality over quantity (pay for performance instead of fee for service) -
d d d d d d d d d d d d d d d
What are the three aspects of the "Triple Aim" founded by the IHI in 2007?
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
fee-for-service
- model that benefits off of sick people -
d d d d d d d d d
system gets paid solely on the amount it generates
d d d d d d d d d d d d d d d d d d d d d d d d
pay for performance -
d d d d
system gets paid based on the amount you generate and the outcomes of the
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
patients you serve d d
Conditions of participation d d
- additionally must meet quality and safety standards via Joint Commission visits -
d d d d d d d d d d d d d
For an organization to be Medicare approved, the must meet what?
d d d d d d d d d d d d d d d d d d d d d d d d d d
- people over 65
d d d
- people under 65 with certain disabilities
d d d d d d
- people of all stages with end stage renal disease, ALS, and a few other conditions -
d d d d d d d d d d d d d d d d d
Who qualifies for Medicare services?
d d d d d d d d d d d d d d d d d d d d
Medicare is federally run and funded d d d d d
Medicaid is a mix of federal and state run and funded -
d d d d d d d d d d d d
Medicare vs. Medicaid: which is state run?
d d d d d d d d d d d d d d d d d d d d d d
"inpatient" services d
- hospital care and SNF, hospice, and some home health
d d d d d d d d d
- no premium
d d
- funded through payroll taxes -
d d d d d d
What is Part A medicare?
d d d d d d d d d d d d d d d d d d d d
"outpatient" services d
- monthly premium
d d d
2|Page
With Verified Solutions d d
business management - d d d
act of organizing people (and process) to accomplish the desired goals or outcomes
d d d d d d d d d d d d d d d d d d d d d d d d d d d d
entrepreneurship - d d
the ability to develop and organize a business, including taking on the risks, in
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
order to make a profit d d d d
policy - d d
course or principle of action adopted or proposed by a government, party, business,
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
or individual
d
- ethics
d
- politics -
d d d
What two things are policies based off of?
d d d d d d d d d d d d d d d d d d d d d d d
ethics - d d
area of study that deals with ideas about what is good and bad behavior; a branch of
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
d philosophy dealing with what is morally right or wrong (aka your moral code)
d d d d d d d d d d d d
politics - d d
d d d d d d d d d d d d d d d d opinions that someone has about what should be done by governments
d d d d d d d d d d
As part of the Social Security Act by Kennedy in the 1960s -
d d d d d d d d d d d d d
When did Medicare first pass?
d d d d d d d d d d d d d d d d d d d d
- we spend more per capita (about 17% GDP), more than any other country
d d d d d d d d d d d d d
- the majority of spending comes from private issued healthcare
d d d d d d d d d
--> Issue is, our healthcare outcomes are not better. We are one of the most unhealthy
d d d d d d d d d d d d d d d d
countries! Rated number 64 out of 100 countries, and number 11 among top countries
d d d d d d d d d d d d d
- more hospital admissions for preventable diseases
d d d d d d
- more emergency department use
d d d d d
- WAY less access
d d d
- we have more medical errors / we are less safe -
d d d d d d d d d d d d
Why does the US spend on so much compared to other countries on healthcare?
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
universal healthcare - d d d
system where all residents have healthcare coverage; this coverage can come from
d d d d d d d d d d d d d d d d d d d d d d d d d d d d
one source or multiple sources
d d d d
single payer healthcare d d d
1|Page
, - this is what Canada and the UK has
d d d d d d d d
- Japan has universal healthcare but not via a single payer -
d d d d d d d d d d d d
system where payment for healthcare comes from one source (usually is the
d d d d d d d d d d d d d d d d d d d d d d d d d d d d
government)
--> STEEPd
Safe
Timely
Effective
Efficient
Equitable
Patient centered - d d d
What is the acronym used to define quality care?
d d d d d d d d d d d d d d d d d d d d d d d d
- improve health outcomes
d d d
- improve satisfaction (experience of care)
d d d d d
- lower cost
d d d
--> Push for quality over quantity (pay for performance instead of fee for service) -
d d d d d d d d d d d d d d d
What are the three aspects of the "Triple Aim" founded by the IHI in 2007?
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
fee-for-service
- model that benefits off of sick people -
d d d d d d d d d
system gets paid solely on the amount it generates
d d d d d d d d d d d d d d d d d d d d d d d d
pay for performance -
d d d d
system gets paid based on the amount you generate and the outcomes of the
d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
patients you serve d d
Conditions of participation d d
- additionally must meet quality and safety standards via Joint Commission visits -
d d d d d d d d d d d d d
For an organization to be Medicare approved, the must meet what?
d d d d d d d d d d d d d d d d d d d d d d d d d d
- people over 65
d d d
- people under 65 with certain disabilities
d d d d d d
- people of all stages with end stage renal disease, ALS, and a few other conditions -
d d d d d d d d d d d d d d d d d
Who qualifies for Medicare services?
d d d d d d d d d d d d d d d d d d d d
Medicare is federally run and funded d d d d d
Medicaid is a mix of federal and state run and funded -
d d d d d d d d d d d d
Medicare vs. Medicaid: which is state run?
d d d d d d d d d d d d d d d d d d d d d d
"inpatient" services d
- hospital care and SNF, hospice, and some home health
d d d d d d d d d
- no premium
d d
- funded through payroll taxes -
d d d d d d
What is Part A medicare?
d d d d d d d d d d d d d d d d d d d d
"outpatient" services d
- monthly premium
d d d
2|Page
