HCA 285 FINAL EXAM UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

HCA 285 FINAL EXAM UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS

Question:
1. six main pieces of healthcare legislation
Answer:
-Anti-kickback statue
-Patient/physician referral (stark law)
-False claims act
-HIPPA
-EMTALA
-PPACA

Question:
2. tort law
Answer:
-one person's behavior causes injury, suffering, unfair loss or harm to another person

Question:
3. what is medical malpractice
Answer:
-doctor owed patient a duty of care
-doctor breached duty of care
-doctor caused injury
-patient suffered damages

Question:
4. economic effects of medical malpractice
Answer:
defensive medicine

Question:
5. PPACA main aspects and effect
Answer:
-medicaid expansion
-individual mandate
-employer mandate
-insurance exchanges
-quantifying health plans

Question:
6. source for funding hospitals and healthcare organizations
Answer:
medicare and medicaid jointly federal and state

, Question:
7. income statement
Answer:
is the business making money?
-revenues
-expenses
-profitability

Question:
8. revenue
Answer:
money coming in

Question:
9. expenses
Answer:
money going out

Question:
10. profitability
Answer:
revenue-expenses=profit or loss

Question:
11. gross revenue
Answer:
-what a provider charges
-total amount of all billed charges generated from providing a healthcare service

Question:
12. net revenue
Answer:
-what a provider expects to receive
-total amount of revenue after deductions from gross revenue; the amount of cash a healthcare organization
can expect to collect

Question:
13. cost of doing business
Answer:
salaries/wages supplies utilities other operating expenses

Question:
14. EBITDA
Answer:
Earnings before interest, taxes, depreciation, and amortization