HSM 4215 FINAL EXAM UPDATED QUESTIONS AND ANSWERS
Which of the following are good sources of information for the practice manager? - CORRECT
ANSWER✅✅✅Centers for Medicare and Medicaid Services , Dartmouth Atlas, Institute for
Healthcare Improvement, and Kaiser family foundation
Which of the following best describes accounting? - CORRECT ANSWER✅✅✅A system for keeping
score in business using dollars
A group practice is defined as a medical practice consisting of two or more practitioners working in a
common management and administrative structure. - CORRECT ANSWER✅✅✅True
Which of the following is not a medical practice form? - CORRECT ANSWER✅✅✅A licensed medical
organization
What is the approximate number of physicians licensed in the United States? - CORRECT
ANSWER✅✅✅1 million
What are the components of the "Practice Conundrum?" - CORRECT ANSWER✅✅✅Cost, quality and
access
In what manner is "the perfect storm" is a metaphor for medical practice today? - CORRECT
ANSWER✅✅✅It symbolizes the convergence of many of today's challenges on the medical practice.
The United States has fewer physicians per capita than many other OECD countries. - CORRECT
ANSWER✅✅✅True
What is the approximate percentage of medical are purchased by government entities? - CORRECT
ANSWER✅✅✅35%
Which of the following is not a major piece of healthcare legislation? - CORRECT ANSWER✅✅✅IHI
,According to the National Center for Health Statistics, what percentage of visits involved dug therapy? -
CORRECT ANSWER✅✅✅More than 75%
Which of the following would best be described as a chronic condition or disease? - CORRECT
ANSWER✅✅✅Diabetes
Chronic conditions in the United States have been decreasing rapidly over the last 20 years - CORRECT
ANSWER✅✅✅False
The United States has more specialty practitioners per capita than many other industrialized countries -
CORRECT ANSWER✅✅✅True
Which of the following is not a cause of escalating medical costs in the United States? - CORRECT
ANSWER✅✅✅Too few hospitals
The process that practices use to make significant decisions is which of the following - CORRECT
ANSWER✅✅✅Governance
Which of the following are direct reports to the governing board who are held accountable for the
practice's achievement of its objectives? - CORRECT ANSWER✅✅✅Management
Which of the following best describes accountability? - CORRECT ANSWER✅✅✅accepting
responsibility for decisions that affect organizational performance
The American healthcare delivery system can be described as _____________? - CORRECT
ANSWER✅✅✅Diversified, fragmented, complex, expensive
Relative to systems in other nations, the United States healthcare system tends to be characterized as
___________? - CORRECT ANSWER✅✅✅low in quality, proportional to its high cost
A fundamental aspect of any organization, including a medical practice is _______________? - CORRECT
ANSWER✅✅✅its governance structure
, Which of the following is not typically included in a practice's governance structure? - CORRECT
ANSWER✅✅✅Community members
The medical practice manager or administrator provides as essential link between which of the
following? Please choose the best answer - CORRECT ANSWER✅✅✅The organization's employees
and the governing board
Which of the following is not a stand-alone practice form? - CORRECT ANSWER✅✅✅Accountable
care organizations
Which of the following features of an employment agreement tends to be most controversial? -
CORRECT ANSWER✅✅✅Restrictive covenants
Decision making in the medical practice is most influenced by ___________? - CORRECT
ANSWER✅✅✅A and B are both very important (culture and mission, vision and values)
Which of the following was a central feature of the Affordable Care Act (ACA)? - CORRECT
ANSWER✅✅✅The accountable care organizations (ACO) and A standardized benefit structure.
What is the difference between a merger and an acquisition of a medical practice? - CORRECT
ANSWER✅✅✅An acquisition involves the purchase of a practice's assets by another practice or
healthcare organization and typically includes the employment of the physicians and staff by the
acquiring practice, whereas the merger of two practices involves the combining of assets of both
practices to form a new entity.
Mergers and acquisitions are on the increase, resulting in practices of larger sizes - CORRECT
ANSWER✅✅✅True
Accountable care organizations (ACOs) focus on improving population health, improving patient
experience and reducing the total cost of care. - CORRECT ANSWER✅✅✅True
Which of the following are good sources of information for the practice manager? - CORRECT
ANSWER✅✅✅Centers for Medicare and Medicaid Services , Dartmouth Atlas, Institute for
Healthcare Improvement, and Kaiser family foundation
Which of the following best describes accounting? - CORRECT ANSWER✅✅✅A system for keeping
score in business using dollars
A group practice is defined as a medical practice consisting of two or more practitioners working in a
common management and administrative structure. - CORRECT ANSWER✅✅✅True
Which of the following is not a medical practice form? - CORRECT ANSWER✅✅✅A licensed medical
organization
What is the approximate number of physicians licensed in the United States? - CORRECT
ANSWER✅✅✅1 million
What are the components of the "Practice Conundrum?" - CORRECT ANSWER✅✅✅Cost, quality and
access
In what manner is "the perfect storm" is a metaphor for medical practice today? - CORRECT
ANSWER✅✅✅It symbolizes the convergence of many of today's challenges on the medical practice.
The United States has fewer physicians per capita than many other OECD countries. - CORRECT
ANSWER✅✅✅True
What is the approximate percentage of medical are purchased by government entities? - CORRECT
ANSWER✅✅✅35%
Which of the following is not a major piece of healthcare legislation? - CORRECT ANSWER✅✅✅IHI
,According to the National Center for Health Statistics, what percentage of visits involved dug therapy? -
CORRECT ANSWER✅✅✅More than 75%
Which of the following would best be described as a chronic condition or disease? - CORRECT
ANSWER✅✅✅Diabetes
Chronic conditions in the United States have been decreasing rapidly over the last 20 years - CORRECT
ANSWER✅✅✅False
The United States has more specialty practitioners per capita than many other industrialized countries -
CORRECT ANSWER✅✅✅True
Which of the following is not a cause of escalating medical costs in the United States? - CORRECT
ANSWER✅✅✅Too few hospitals
The process that practices use to make significant decisions is which of the following - CORRECT
ANSWER✅✅✅Governance
Which of the following are direct reports to the governing board who are held accountable for the
practice's achievement of its objectives? - CORRECT ANSWER✅✅✅Management
Which of the following best describes accountability? - CORRECT ANSWER✅✅✅accepting
responsibility for decisions that affect organizational performance
The American healthcare delivery system can be described as _____________? - CORRECT
ANSWER✅✅✅Diversified, fragmented, complex, expensive
Relative to systems in other nations, the United States healthcare system tends to be characterized as
___________? - CORRECT ANSWER✅✅✅low in quality, proportional to its high cost
A fundamental aspect of any organization, including a medical practice is _______________? - CORRECT
ANSWER✅✅✅its governance structure
, Which of the following is not typically included in a practice's governance structure? - CORRECT
ANSWER✅✅✅Community members
The medical practice manager or administrator provides as essential link between which of the
following? Please choose the best answer - CORRECT ANSWER✅✅✅The organization's employees
and the governing board
Which of the following is not a stand-alone practice form? - CORRECT ANSWER✅✅✅Accountable
care organizations
Which of the following features of an employment agreement tends to be most controversial? -
CORRECT ANSWER✅✅✅Restrictive covenants
Decision making in the medical practice is most influenced by ___________? - CORRECT
ANSWER✅✅✅A and B are both very important (culture and mission, vision and values)
Which of the following was a central feature of the Affordable Care Act (ACA)? - CORRECT
ANSWER✅✅✅The accountable care organizations (ACO) and A standardized benefit structure.
What is the difference between a merger and an acquisition of a medical practice? - CORRECT
ANSWER✅✅✅An acquisition involves the purchase of a practice's assets by another practice or
healthcare organization and typically includes the employment of the physicians and staff by the
acquiring practice, whereas the merger of two practices involves the combining of assets of both
practices to form a new entity.
Mergers and acquisitions are on the increase, resulting in practices of larger sizes - CORRECT
ANSWER✅✅✅True
Accountable care organizations (ACOs) focus on improving population health, improving patient
experience and reducing the total cost of care. - CORRECT ANSWER✅✅✅True
