Week 3 - Quiz- HCA460- Health Care Administration Capstone | Updated latest | Score for this attempt: 30 out of 30

Week 3 - Quiz Due Jun 15 at 11:59pm Points 30 Questions 30 Time Limit 180 Minutes Allowed Attempts 3 Instructions Health Care Finance [WLO: 2] [CLOs: 1, 3, 5] Prior to beginning this quiz, read the assigned chapter readings for the week. The quiz contains 30 matching, multiple choice and true or false questions. It is worth 4% of your course grade. You will have three attempts and 3 hours for each attempt to complete the quiz. The highest score will be shown in the gradebook. This quiz consists of 30 questions and is worth 4% of your course grade. Click on the Take the Quiz button when you are ready to start this exam. When finished, click on Submit Quiz. Attempt History Attempt Time Score LATEST Attempt 1 106 minutes 28 out of 30 Score for this attempt: 28 out of 30 Submitted Jun 11 at 11:45pm This attempt took 106 minutes.  Question 1 1 / 1 pts Which of the following describes the composition of an organization chart? Each box on the chart represents a particular area of management responsibility. Each line between the boxes represents a line of authority. The overall composition of the chart shows the degree of centralization or decentralization within the organization. All of these are correct.  Question 2 1 / 1 pts Government organization types may include federal, city-county, churches, and/or state universities. True False  Question 3 1 / 1 pts Managerial accounting is primarily for third-party or outside use. True False  Question 4 1 / 1 pts The purpose of an organization chart includes: indicating how responsibility is assigned to managers. illustrating the structure of the organization. designating the formal lines of communication between external stakeholders. indicating how responsibility is assigned to managers and illustrating the structure of the organization. All of these are correct.  Question 5 1 / 1 pts The purpose of an organization chart is to indicate how responsibility is assigned to managers and to certain outside third parties. True False  Question 6 1 / 1 pts Managerial accounting is prospective as well as retrospective. True False  IncorrectQuestion 7 0 / 1 pts Of the four elements of financial management, the planning element makes sure each area of the organization is following the plans that have been established. True False  Question 8 1 / 1 pts When communicating financial information effectively to others, it is important to place extensive detail within the body of the report. True False  Question 9 1 / 1 pts When a patient information flowsheet illustrates the flow resulting from deficient data, which of these causes or consequences may apply? One cause may be a bad address on the billing statement. One consequence is that the payer rejects the bill. One consequence is that the provider does not receive payment. A good financial manager may recognize the significance of this flow and correct the cause. All of these are correct.  Question 10 1 / 1 pts The concept of flowsheets explains and illustrates the flow of: activities. accounts receivable. accounts payable. All of these are correct.  Question 11 1 / 1 pts Quarterly reports and statistics are called “interim reports” and generally contain raw data. True False  Question 12 1 / 1 pts One output from the clinical and financial data repository is insurance verification for patients through an electronic data information link to insurance company databases. True False  Question 13 1 / 1 pts Most organizations have a 12-month reporting period known as a fiscal year. Anything less than a full 12-month year is called a “stub period” and is fully spelled out in the heading of the report. True False  Question 14 1 / 1 pts Mountain View Nursing Facility uses a chart of accounts format that is made up of three sets of digits. The first set of digits represents the financial statement element, the second is for a primary subclassification, and the third is for a secondary subclassification. To which of these three sets of digits would “Petty cash for the front office” belong? Financial statement element Primary subclassification Secondary subclassification None of these is correct.  Question 15 1 / 1 pts By illustrating information flow, flowsheets answer which of the following questions? What is the specific piece of information? Who is initially responsible for this piece of information? How does the information enter the system? All of these are correct.  Question 16 1 / 1 pts A strategic objective further defines intended outcomes in order to achieve a goal. True False  Question 17 1 / 1 pts Within the planning cycle and process flow, broad goals become narrower objectives, and narrower objectives become detailed vision statements. True False  Question 18 1 / 1 pts Which of the following legislative acts contain compliance requirements for current strategic planning by federal governmental agencies? Government Performance and Results Act (GPRA) of 1993 Government Performance and Results Modernization Act of 2010 Health Information Technology for Economic and Clinical Health Act of 2009 Government Performance and Results Act (GPRA) of 1993 and Government Performance and Results Modernization Act of 2010  Question 19 1 / 1 pts Agencies in the federal government are: required by law to prepare strategic plans but are not required to provide performance reports. required by law to prepare strategic plans and are required by law to provide reports on performance that tie to the strategic plans. allowed to prepare strategic plans but are not required to do so and are not required to provide reports performance that tie to the strategic plans. None of the above are correct.  Question 20 1 / 1 pts A vision statement is the same as a mission statement. True False  Question 21 1 / 1 pts The “VA Planning Cycle’s Process Flow” example also provides VA definitions for components within the cycle. Which of the following is contained in the VA’s definition of strategic goals? A goal is a statement of aim or purpose included in a strategic plan. Most strategic goals are outcomes. Most strategic goals are short term in nature. A goal is a statement of aim or purpose included in a strategic plan, and most strategic goals are outcomes. None of these is correct.  Question 22 1 / 1 pts Performance measures are an integral part of the strategic planning cycle and its process flow. Which of the following statements about such performance measures is correct? Performance measures can be reported as outcomes. Accountability is achieved by reporting performance measures as outcomes. A single action plan is linked to a series of performance measures. All of these are correct.  Question 23 1 / 1 pts The retrospective payment system pays: before the service is provided. during the service delivery (real time). after the service is provided. None of these is correct.  Question 24 1 / 1 pts The results of an internal strategic analysis may reveal: faults in the process. faults in workflow at the clinical level. faults in the process and in the workflow at the clinical level. None of these is correct.  Question 25 1 / 1 pts Healthcare finance is the linchpin of the U.S. healthcare delivery system. True False  Question 26 1 / 1 pts The Quality Payment Program (QPP) is comprised solely of the Merit-Based Incentive True False  Question 27 1 / 1 pts In its essence, CMS is attempting to remake the nation’s healthcare finance system based upon value-based payments. True False  Question 28 1 / 1 pts Federal law requires that state Medicaid programs make DSH payments to certain qualifying hospitals. Government statistics for 2014 show that the largest spending increase in DSH payments was for: radiology services. emergency room visits. prescription drugs. None of these is correct.  Question 29 1 / 1 pts Government statistics for 2014 show that U.S. healthcare spending grew to over: $95 per person. $950 per person. $9,500 per person. None of these is correct.  IncorrectQuestion 30 0 / 1 pts Federal law requires that Medicare make Disproportionate Share Hospital (DSH) payments to qualifying hospitals that serve a large number of Medicaid and uninsured individuals. True False Quiz Score: 28 out of 30