HSN 476
Healthcare Policy & Financial Management
Midterms Exam Review (Qns & Ans)
2025
1. What is the primary purpose of healthcare policies in nursing
practice?
A. To create organizational hierarchy
B. To improve patient outcomes and quality of care
C. To simplify nursing documentation
D. To establish uniform leadership styles
- ANS: B. To improve patient outcomes and quality of care
- Rationale: Policies provide frameworks that enhance care
delivery, ensuring better outcomes and patient safety.
©2025
,2. Which financial management concept focuses on forecasting
and tracking healthcare costs to optimize resource utilization?
A. Cost Analysis
B. Financial Liquidity
C. Budgeting
D. Depreciation
- ANS: C. Budgeting
- Rationale: Budgeting involves planning and managing
resources to balance costs and ensure financial sustainability in
healthcare settings.
3. Which healthcare policy ensures access to health insurance for
individuals with pre-existing conditions?
A. Social Security Act
B. Patient Protection and Affordable Care Act (ACA)
C. Health Insurance Portability and Accountability Act
(HIPAA)
D. Medicare Modernization Act
- ANS: B. Patient Protection and Affordable Care Act (ACA)
- Rationale: The ACA prohibits denial of coverage based on
pre-existing conditions, expanding access to health insurance.
©2025
, 4. What does "value-based care" emphasize in healthcare
systems?
A. Maximizing hospital revenue
B. Improving health outcomes while reducing costs
C. Increasing patient volume in hospitals
D. Avoiding the use of preventive care
- ANS: B. Improving health outcomes while reducing costs
- Rationale: Value-based care aligns financial incentives with
high-quality, cost-efficient patient outcomes.
5. Which organization is primarily responsible for regulating
Medicare and Medicaid programs?
A. Joint Commission
B. Centers for Medicare & Medicaid Services (CMS)
C. National Institutes of Health (NIH)
D. American Nurses Association (ANA)
- ANS: B. Centers for Medicare & Medicaid Services (CMS)
- Rationale: CMS oversees policy implementation, funding,
and regulation for Medicare and Medicaid services.
---
©2025
Healthcare Policy & Financial Management
Midterms Exam Review (Qns & Ans)
2025
1. What is the primary purpose of healthcare policies in nursing
practice?
A. To create organizational hierarchy
B. To improve patient outcomes and quality of care
C. To simplify nursing documentation
D. To establish uniform leadership styles
- ANS: B. To improve patient outcomes and quality of care
- Rationale: Policies provide frameworks that enhance care
delivery, ensuring better outcomes and patient safety.
©2025
,2. Which financial management concept focuses on forecasting
and tracking healthcare costs to optimize resource utilization?
A. Cost Analysis
B. Financial Liquidity
C. Budgeting
D. Depreciation
- ANS: C. Budgeting
- Rationale: Budgeting involves planning and managing
resources to balance costs and ensure financial sustainability in
healthcare settings.
3. Which healthcare policy ensures access to health insurance for
individuals with pre-existing conditions?
A. Social Security Act
B. Patient Protection and Affordable Care Act (ACA)
C. Health Insurance Portability and Accountability Act
(HIPAA)
D. Medicare Modernization Act
- ANS: B. Patient Protection and Affordable Care Act (ACA)
- Rationale: The ACA prohibits denial of coverage based on
pre-existing conditions, expanding access to health insurance.
©2025
, 4. What does "value-based care" emphasize in healthcare
systems?
A. Maximizing hospital revenue
B. Improving health outcomes while reducing costs
C. Increasing patient volume in hospitals
D. Avoiding the use of preventive care
- ANS: B. Improving health outcomes while reducing costs
- Rationale: Value-based care aligns financial incentives with
high-quality, cost-efficient patient outcomes.
5. Which organization is primarily responsible for regulating
Medicare and Medicaid programs?
A. Joint Commission
B. Centers for Medicare & Medicaid Services (CMS)
C. National Institutes of Health (NIH)
D. American Nurses Association (ANA)
- ANS: B. Centers for Medicare & Medicaid Services (CMS)
- Rationale: CMS oversees policy implementation, funding,
and regulation for Medicare and Medicaid services.
---
©2025
