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,HCM Exit Exam.pdf HCM Exit Exam.pdf HCM Exit Exam.pdf
Which of the following is NOT a classical insurance principle?
The possibility of moral hazard must exist
Why do physicians like PPOs?
There is more control over cost
__________ is often identified as the factor most responsible for demand pull inflation in medical
care.
The presence of third party payers
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Who provides most long-term care services?
(Informal) Family caregivers or (Formal) CNA's
A cost that has already occurred or irrevocably committed is a:
Sunk Cost
What is an example of variable cost?
Drugs
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Explain the sentence: "In the long-term, all costs are variable".
If a company begins to lose revenue, the company will begin to shed facilities and
employees
If the cafeteria has 3,250,000 in overhead costs to be allocated on patient days and patient
days are 18,259,000 then the allocation rate is?
178
Which of the following is an example of direct healthcare cost?
Co-payment paid to a doctor's office
What two characteristics make a good cost drive?
Fairness and cost control
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