MHA 710 Exam 1 Questions And Answers

MHA 710 Exam 1 Questions And
Answers
AccountablerCarerOrganizationr-rCORRECTrrANSWER-
Networkrofrprovidersrthatrhaverfinancialrincentivesrtorreducerspendingrandrimproveroutcom
es.

AdverserSelectionr-rCORRECTrrANSWER-
Arsituationrthatroccursrwhenrbuyersrhaverbetterrinformationrthanrsellers.rForrexample,rhigh-
riskrconsumersrarerwillingrtorpayrmorerforrinsurancerthanrlow-
riskrconsumersrare.r(Organizationsrthatrhaverdifficultyrdistinguishingrhigh-riskrfromrlow-
riskrconsumersrarerunlikelyrtorberprofitable.)

Asrwerprogressrthroughrtherchapters,rthinkraboutrtherspecialrcharacteristicsrthatrapplyrtorthe
rhealthrsectorrthatrmightrlimitrtherapplicabilityrofrtraditionalreconomicrmodels.r-

rCORRECTrrANSWER-

Socialrdeterminantsrofrhealth,rfewrinsurancercompaniesrthatrprovidersrrelyron,rnotrarperfectl
yrcompetitivermarket

BundledrPaymentr-rCORRECTrrANSWER-
Paymentrofrarfixedramountrforranrepisoderofrcare.rTherpaymentrmightrcoverrjustrhospitalrcar
erorrmightrincludertherphysician,rhospital,randrrehabilitation.

C-rSectionr-rCORRECTrrANSWER-Surgicalrdeliveryrofrarbaby.

Capitationr-rCORRECTrrANSWER-
Paymentrperrperson.r(Therpaymentrdoesrnotrdependronrtheramountrorrtyperofrservicesrprovi
ded.)

CaserBasedrPaymentr-rCORRECTrrANSWER-
Arsinglerpaymentrforranrepisoderofrcare,rregardlessrofrthernumberrofrservices.

Chapterr1rKeyrConceptsr-rCORRECTrrANSWER-
Economicsrhelpsrmanagersrfocusronrkeyrissues.

Economicsrhelpsrmanagersrunderstandrgoal-orientedrdecisionrmaking.

Economicsrhelpsrmanagersrunderstandrstrategicrdecisionrmaking.

, Economicsrgivesrmanagersrarframeworkrforrunderstandingrcosts.

Economicsrgivesrmanagersrarframeworkrforrunderstandingrmarketrdemand.

Economicsrgivesrmanagersrarframeworkrforrassessingrprofitability.

Economicsrhelpsrmanagersrunderstandrriskrandruncertainty.

Economicsrhelpsrmanagersrunderstandrinsurance.

Economicsrhelpsrmanagersrunderstandrinformationrasymmetries.

Economicsrhelpsrmanagersrdealrwithrrapidrchange.

Chapterr2rKeyrConceptsr-rCORRECTrrANSWER-
Healthcarerproductsrarerinputsrintorhealth.

Healthcarerproductsrareralsoroutputsrofrtherhealthcarersector.

Therusefulnessrofrhealthcarerproductsrvariesrwidely.

Marginalranalysisrhelpsrmanagersrfocusronrtherrightrquestions.

LiferexpectanciesrhaverincreasedrsharplyrinrtherUnitedrStatesrinrrecentryears.

Otherrwealthyrcountriesrhaverseenrlargerrhealthrgainsrwithrsmallerrcostrincreases.

Therhealthcarersectorrisrchangingrradicallyrinrresponsertortechnologyrandrpolicyrchanges.

Chapterr3rKeyrConceptsr-rCORRECTrrANSWER-•rInsurancerpoolsrtherrisksrofrhighrcosts.r

•rMoralrhazardrandradverserselectionrcomplicaterriskrpooling.r

•rAboutr91rpercentrofrtherUSrpopulationrhasrmedicalrinsurance.r

•rConsumersrpayrforrmostrmedicalrcarerindirectly,rthroughrtaxesrandrinsurancerpremiums.r

•rMostrconsumersrobtainrcoveragerthroughranremployer-rorrgovernment-sponsoredrplan.r

•rManagedrcarerhasrlargelyrreplacedrtraditionalrinsurance.r

•rManagedrcarerplansrdifferrwidely.

Chapterr4rKeyrConceptsr-rCORRECTrrANSWER-
Clinicalrandrmanagerialrdecisionsrtypicallyrentailruncertaintyraboutrwhatrwillrhappen.