Accountable Care Organizations (ACOs) are built on the premise that: - Answers It is based on
that groups of providers come together and take responsibility for delivering care to a defined
patient population.
Bad debt in health care finance is defined as: - Answers The health care bills for service but
received no payment. These operating expenses are based on charges, not cost, and are written
off by the organization. This term is usually used with for-profit organization.
CMI is an acronym that stands for: - Answers Center for Medicare and Medicaid Innovation.
Capital budget may include all of the following EXCEPT - Answers -Land acquisition
-Facility construction, acquisition, renovation.
-Routine capital equipment used in clinical areas.
-Information technology infrastructure and upgrades.
-Acquisition of staff physicians
Charge setting is controlled by: - Answers Individual healthcare managers and large
organizations
Charity care is - Answers Organization provides care, knowing the patient will be unable to pay.
Current assets may include - Answers It is inventory, cash on hand, account receivable, and
other such items that can be converted into cash in less than one year.
For-profit health care organizations are usually owned by: - Answers Owned by investors or
others who have an interest on making a profit from the service that are provided.
Health care financial management involves - Answers -Working to increase the revenues and
decrease the costs of the organization.
-Making organizational forecasts, while taking into consideration numerous external
environmental variables
-Has the goal of the finance department to put the organization in the best position possible.
Physician reimbursement through Medicare will eventually be: - Answers -Resource-Based
Relative Value Scale (RBRVS) system pays a prospective flat fee for physician visit and is based
on Healthcare Common Procedure Coding System (HCPCS) that uses CPT codes.
-will allow physicians to pay increase over the next five years.
Primary sources of working capital include all of the following EXCEPT: - Answers Include
, -Permanent working capital.
-Net income, or profits.
-Temporary working capital
Setting prices in health care organizations involves consideration of all the following Except -
Answers Setting prices include:
-State and Federal laws and regulations
-The Joint Commission and other accrediting body regulations.
- Antitrust and other fair-pricing laws
- Profit-oriented pricing
The Balanced Budget Act of 1997 implemented cost controls for Medicare expenditures in all of
the followings health care sectors Except - Answers Inculdes: skilled nursing facilities, home
health agencies, and outpatient hospitals and clinics
The Medicare prospective payment system for reimbursing hospitals utilizes: - Answers
1.Reimbursements to Hospitals
-Contractual Allowances
-Diagnosis-Related Groups (DRGs)
-Case Mix, or Patient Mix
All of the followings are examples of FP core privileges for care of infants and children,
adolescents, and injuries Except - Answers Delivery of babies
All of the followings are midlevel practitioners Except: - Answers EMTs
Home Health Aides who work for agencies reimbursed by Medicaid must - Answers Get a
minimum level of training and pass a competency evaluation or receive state certification.
Physician resistance to acknowledge nurses as colleagues can lead to: - Answers Poor
teamwork, interpersonal conflict, poor communication and poor patient outcomes
Nurses quit jobs when they - Answers feel overworked, underpaid, and disrespected
Residency training lasts from Length of the residency training program from - Answers three
years for family practice) to ten years (for cardio-thoracic surgery or neurosurgery depending on
the specialty
The sunshine act requires - Answers Requires medical device manufactures and GPOs to report