Healthcare Finance Exam 1
Blue Cross and Blue Shield are government programs for reimbursement of healthcare expenses. -
correct answer ✔✔False
In a capitation plan, medical service providers in the plan receive a fixed monthly amount for treating the
medical needs of members. - correct answer ✔✔True
A proprietorship is a business owned by two or more individuals or entities. - correct answer ✔✔False
Any business can be organized as a corporation, requiring only a corporate charter and a set of bylaws. -
correct answer ✔✔True
Consolidated Hospitals owns a number of hospitals in the western part of the United States. The
business is registered with the Securities and Exchange Commission with stock trading actively on the
New York Stock Exchange. This type of business is a: - correct answer ✔✔For-profit corporation
Madison Crossing Community Hospital has been granted 501(c)(3) status by the Internal Revenue
Service. This type of business is a: - correct answer ✔✔Not-for-profit corporation
Which of the following is NOT a government healthcare facility? - correct answer ✔✔A for-profit hospital
accepting Medicare reimbursement
Which of the following are outpatient medical facilities? - correct answer ✔✔All of the above
Hospice care provides rehabilitation services to those unemployed due to industrial injury or accidents. -
correct answer ✔✔False
Gross domestic product (GDP) is defined as the total economic output of goods and services produced
within the borders of a country, regardless of the nationality of the company producing the goods and
services. - correct answer ✔✔True
Blue Cross and Blue Shield are government programs for reimbursement of healthcare expenses. -
correct answer ✔✔False
In a capitation plan, medical service providers in the plan receive a fixed monthly amount for treating the
medical needs of members. - correct answer ✔✔True
A proprietorship is a business owned by two or more individuals or entities. - correct answer ✔✔False
Any business can be organized as a corporation, requiring only a corporate charter and a set of bylaws. -
correct answer ✔✔True
Consolidated Hospitals owns a number of hospitals in the western part of the United States. The
business is registered with the Securities and Exchange Commission with stock trading actively on the
New York Stock Exchange. This type of business is a: - correct answer ✔✔For-profit corporation
Madison Crossing Community Hospital has been granted 501(c)(3) status by the Internal Revenue
Service. This type of business is a: - correct answer ✔✔Not-for-profit corporation
Which of the following is NOT a government healthcare facility? - correct answer ✔✔A for-profit hospital
accepting Medicare reimbursement
Which of the following are outpatient medical facilities? - correct answer ✔✔All of the above
Hospice care provides rehabilitation services to those unemployed due to industrial injury or accidents. -
correct answer ✔✔False
Gross domestic product (GDP) is defined as the total economic output of goods and services produced
within the borders of a country, regardless of the nationality of the company producing the goods and
services. - correct answer ✔✔True
