State Of Michigan Nursing Home Administrator
Exam Questions And Answers
,State Of Michigan Nursing Home Administrator Exam
Questions And Answers
PATIENT TRUST FUNDS - ANSWER
1) Policy: - ANSWER Must have a policy.
May state that the facility will not handle monies over $5,000.00.
The facility may charge a reasonable fee not to exceed the ACTUAL
COST of providing service.
2) Required Printed Information: - ANSWER This must be given
resident upon admission.
A statement that the facility will handle personal funds if no other person
is available.
Periodic statement of accounts (Minimum: Quarterly)
3) Procedure: American Institute of CPA - ANSWER Quarterly
statements including all activity, (A-H) in easily readable form.
Written account of all personal funds held in trust must be sent to the
executor, administrator, rep payee or next of kin within 10 DAYS OF
THE DEATH OF A PATIENT.
Account must be closed and balance sent to resident within 3 DAYS OF
DISCHARGE.
Access to Funds - ANSWER
4) Financial records: - ANSWER not less than two (2) hours during
normal business hours.
5) Petty Cash: - ANSWER during all normal business hours.
Accounts - ANSWER
, State Of Michigan Nursing Home Administrator Exam
Questions And Answers
6) Funds: - ANSWER Cannot be CO-MINGLED with any other facility
funds (Can with Residents')
7) Interest Bearing Accounts: - ANSWER May keep up to $200.00 in a
non-interest bearing account of petty cash fund.
Money in excess of $200.00 shall be deposited in an interest bearing
account within 15 days of the date the $200.00 minimum is exceeded.
8) Designation For Patient Unable To Handle Own Funds: - ANSWER
Facility notifies the Family Independence Agency, Adult Protective
Services in writing when a mentally incompetent patient has no one to
act on his behalf.
9) Sale Or Transfer of Ownership - ANSWER Written receipt from new
owner acknowledge receipt of the funds for safeguarding.
10) Surety Bond: - ANSWER Not LESS than $2,000.00 or 125% of the
previous year's patient trust funds average balance held, whichever is
greater.
Michigan State Plan For Long Term Care - ANSWER
11) Department of Community Health (MDCH or DCH) - ANSWER
DCH is responsible for the Medicaid Program under contract to the
federal agency named Centers for Medicare and Medicaid Services
(CMS).
MDCH also contracts with other departments and agencies to provide
specific services.
12) Medical Services Administration (MSA) - ANSWER This agency,
under authority of MDCH writes policy, acts as fiscal intermediary,
designs categorical reimbursement programs, audits and authorizes
facility-specific reimbursement rates.
Exam Questions And Answers
,State Of Michigan Nursing Home Administrator Exam
Questions And Answers
PATIENT TRUST FUNDS - ANSWER
1) Policy: - ANSWER Must have a policy.
May state that the facility will not handle monies over $5,000.00.
The facility may charge a reasonable fee not to exceed the ACTUAL
COST of providing service.
2) Required Printed Information: - ANSWER This must be given
resident upon admission.
A statement that the facility will handle personal funds if no other person
is available.
Periodic statement of accounts (Minimum: Quarterly)
3) Procedure: American Institute of CPA - ANSWER Quarterly
statements including all activity, (A-H) in easily readable form.
Written account of all personal funds held in trust must be sent to the
executor, administrator, rep payee or next of kin within 10 DAYS OF
THE DEATH OF A PATIENT.
Account must be closed and balance sent to resident within 3 DAYS OF
DISCHARGE.
Access to Funds - ANSWER
4) Financial records: - ANSWER not less than two (2) hours during
normal business hours.
5) Petty Cash: - ANSWER during all normal business hours.
Accounts - ANSWER
, State Of Michigan Nursing Home Administrator Exam
Questions And Answers
6) Funds: - ANSWER Cannot be CO-MINGLED with any other facility
funds (Can with Residents')
7) Interest Bearing Accounts: - ANSWER May keep up to $200.00 in a
non-interest bearing account of petty cash fund.
Money in excess of $200.00 shall be deposited in an interest bearing
account within 15 days of the date the $200.00 minimum is exceeded.
8) Designation For Patient Unable To Handle Own Funds: - ANSWER
Facility notifies the Family Independence Agency, Adult Protective
Services in writing when a mentally incompetent patient has no one to
act on his behalf.
9) Sale Or Transfer of Ownership - ANSWER Written receipt from new
owner acknowledge receipt of the funds for safeguarding.
10) Surety Bond: - ANSWER Not LESS than $2,000.00 or 125% of the
previous year's patient trust funds average balance held, whichever is
greater.
Michigan State Plan For Long Term Care - ANSWER
11) Department of Community Health (MDCH or DCH) - ANSWER
DCH is responsible for the Medicaid Program under contract to the
federal agency named Centers for Medicare and Medicaid Services
(CMS).
MDCH also contracts with other departments and agencies to provide
specific services.
12) Medical Services Administration (MSA) - ANSWER This agency,
under authority of MDCH writes policy, acts as fiscal intermediary,
designs categorical reimbursement programs, audits and authorizes
facility-specific reimbursement rates.
