HMGT 3311 Test 1 Questions With Complete Solutions
ACA impact of Uninsured from 2010 - 2023 Correct Answers
50 mil in 2010 to 25.3 mil in 2023
Accounting Equation Correct Answers Assets = Liabilities +
Share Holders Equity
Liabilities = borrowed money
Shareholders Equity = stocks and income
what are out assets and where did that money come from?
Affordable Care Act
- What Year?
- What did it establish? Correct Answers Established the triple
aim in 2010
allowance for uncollectables Correct Answers estimate of how
much may not be paid
are assets debits or credits Correct Answers debits
are net assets w and w/out donor restriction a debit or credit
Correct Answers credit
Bankrupcy Correct Answers dont have money to pay liabilities
after assets are liquidated
Consumer Price Index Correct Answers measures how much
things are going up every year
, Details about update to ICD 10 from ICD 9 Correct Answers
US lagged in making this change
- significant cost on payors and providers to update systems and
processes to comply with ICD 10
ICD-10 codes are used for public health reporting to track how
many people get sick (morbidity) and what causes death
(mortality)
IC9 was developed in 1970s and is super outdated
EMTALA year and what it does Correct Answers ER have to
provide appropriate medical screening examination to anyone -
1986
factors contributing to decreases in costs Correct Answers value
based pricing
management of physician preference in medical devices
generic drugs
robust use of health IT to manage populations and prevent
medical errors
Lean/Six Sigma initiatives
Informed consumers responsible for more of the cost of care
workplace wellness programs
ACA impact of Uninsured from 2010 - 2023 Correct Answers
50 mil in 2010 to 25.3 mil in 2023
Accounting Equation Correct Answers Assets = Liabilities +
Share Holders Equity
Liabilities = borrowed money
Shareholders Equity = stocks and income
what are out assets and where did that money come from?
Affordable Care Act
- What Year?
- What did it establish? Correct Answers Established the triple
aim in 2010
allowance for uncollectables Correct Answers estimate of how
much may not be paid
are assets debits or credits Correct Answers debits
are net assets w and w/out donor restriction a debit or credit
Correct Answers credit
Bankrupcy Correct Answers dont have money to pay liabilities
after assets are liquidated
Consumer Price Index Correct Answers measures how much
things are going up every year
, Details about update to ICD 10 from ICD 9 Correct Answers
US lagged in making this change
- significant cost on payors and providers to update systems and
processes to comply with ICD 10
ICD-10 codes are used for public health reporting to track how
many people get sick (morbidity) and what causes death
(mortality)
IC9 was developed in 1970s and is super outdated
EMTALA year and what it does Correct Answers ER have to
provide appropriate medical screening examination to anyone -
1986
factors contributing to decreases in costs Correct Answers value
based pricing
management of physician preference in medical devices
generic drugs
robust use of health IT to manage populations and prevent
medical errors
Lean/Six Sigma initiatives
Informed consumers responsible for more of the cost of care
workplace wellness programs
