Test Bank For Gapenski\\\\\\\'s Fundamentals Of Healthcare Finance,
3rd Edition by Kristin l. Reiter | | paula h. song [All Lessons Included+
Solutions latest update]
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TEST BANK FOR GAPENSKI'S FUNDAMENTALS OF
HEALTHCARE FINANCE, 3RD EDITION BY KRISTIN L.
REITER ||PAULA H. SONG [ALL LESSONS INCLUDED+
SOLUTIONS LATEST UPDATE]
2
,3
TABLE OF CONTENTS
1. Part I: Foundation Concepts
2. Introduction To Healthcare Finance
3. Healthcare Business Basics
4. Paying For Health Services
5. Part Ii: Planning, Managing, And Control
6. Estimating Costs
7. Pricing Decisions And Profit Analysis
8. Planning And Budgeting
9. Managing Financial Operations
10. Part Iii: Financing And Capital Investment Decisions
11. Business Financing And The Cost Of Capital
12. Capital Investment Decision Basics
13. Project Cash Flow Estimation And Risk Analysis Part Iv: Reporting Results
14. Reporting Profits
15. Reporting Assets, Financing, And Cash Flows
16. Assessing Financial Condition
17. SECTION 1: Introduction To Healthcare Finance
3
, 4
1. What Is The Primary Goal Of Healthcare Finance?
A) To Maximize Patient Satisfaction
B) To Ensure The Financial Sustainability Of Healthcare Organizations
C) To Increase The Number Of Healthcare Providers
D) To Expand Healthcare Facilities
ANSWER: B) To Ensure The Financial Sustainability Of Healthcare Organizations
EXPLANATION: The Primary Goal Of Healthcare Finance Is To Manage Resources Efficiently To Ensure That Healthcare Organizations
Remain Financially Viable While Delivering Quality Care.
2. Which Of The Following Best Defines "Revenue Cycle Management" In Healthcare?
A) Managing The Flow Of Patients Through A Facility
B) The Process Of Handling Claims From Patients To Insurers
C) The Cycle Of Investing In New Medical Technologies
D) The Hiring And Training Of Healthcare Staff
A N SWER: B) The Process Of Handling Claims From Patients To Insurers
EXPLANATION: Revenue Cycle Management Involves The Administration Of Financial Processes Related To Patient Care, From
Initial Appointment Scheduling To The Final Payment Of A Balance.
3. What Does The Term "Cost Of Care" Refer To In Healthcare Finance?
A) The Price Patients Pay For Their Services
B) The Total Expenditure Incurred By Healthcare Providers To Deliver Services
C) The Investment In Healthcare Infrastructure
D) The Administrative Costs Of Running A Healthcare Facility
A N SWER: B) The Total Expenditure Incurred By Healthcare Providers To Deliver Services
EXPLANATION: "Cost Of Care" Encompasses All The Expenses A Healthcare Provider Incurs To Deliver Medical Services,
Including Salaries, Equipment, And Supplies.
4. Which Financial Statement Provides A Snapshot Of An Organization's Financial Position At A Specific Point In Time?
A) Income Statement
B) Balance Sheet
C) Cash Flow Statement
D) Statement Of Operations
A N SWER: B) Balance Sheet
EXPLANATION: A Balance Sheet Displays An Organization's Assets, Liabilities, And Equity At A Specific Moment, Providing
Insight Into Its Financial Health.
4
3rd Edition by Kristin l. Reiter | | paula h. song [All Lessons Included+
Solutions latest update]
written by
bestsolutions1
The Marketplace to Buy and Sell your Study Material
At Stuvia, you will find the best notes, summaries, flashcards & other study material. Search for your school or uni
and find the study material you need.
www.stuvia.com
Dow nloaded by: bestsolutions1 | Want to earn $1.236
Distribution of this document is illegal extra per year?
,2
TEST BANK FOR GAPENSKI'S FUNDAMENTALS OF
HEALTHCARE FINANCE, 3RD EDITION BY KRISTIN L.
REITER ||PAULA H. SONG [ALL LESSONS INCLUDED+
SOLUTIONS LATEST UPDATE]
2
,3
TABLE OF CONTENTS
1. Part I: Foundation Concepts
2. Introduction To Healthcare Finance
3. Healthcare Business Basics
4. Paying For Health Services
5. Part Ii: Planning, Managing, And Control
6. Estimating Costs
7. Pricing Decisions And Profit Analysis
8. Planning And Budgeting
9. Managing Financial Operations
10. Part Iii: Financing And Capital Investment Decisions
11. Business Financing And The Cost Of Capital
12. Capital Investment Decision Basics
13. Project Cash Flow Estimation And Risk Analysis Part Iv: Reporting Results
14. Reporting Profits
15. Reporting Assets, Financing, And Cash Flows
16. Assessing Financial Condition
17. SECTION 1: Introduction To Healthcare Finance
3
, 4
1. What Is The Primary Goal Of Healthcare Finance?
A) To Maximize Patient Satisfaction
B) To Ensure The Financial Sustainability Of Healthcare Organizations
C) To Increase The Number Of Healthcare Providers
D) To Expand Healthcare Facilities
ANSWER: B) To Ensure The Financial Sustainability Of Healthcare Organizations
EXPLANATION: The Primary Goal Of Healthcare Finance Is To Manage Resources Efficiently To Ensure That Healthcare Organizations
Remain Financially Viable While Delivering Quality Care.
2. Which Of The Following Best Defines "Revenue Cycle Management" In Healthcare?
A) Managing The Flow Of Patients Through A Facility
B) The Process Of Handling Claims From Patients To Insurers
C) The Cycle Of Investing In New Medical Technologies
D) The Hiring And Training Of Healthcare Staff
A N SWER: B) The Process Of Handling Claims From Patients To Insurers
EXPLANATION: Revenue Cycle Management Involves The Administration Of Financial Processes Related To Patient Care, From
Initial Appointment Scheduling To The Final Payment Of A Balance.
3. What Does The Term "Cost Of Care" Refer To In Healthcare Finance?
A) The Price Patients Pay For Their Services
B) The Total Expenditure Incurred By Healthcare Providers To Deliver Services
C) The Investment In Healthcare Infrastructure
D) The Administrative Costs Of Running A Healthcare Facility
A N SWER: B) The Total Expenditure Incurred By Healthcare Providers To Deliver Services
EXPLANATION: "Cost Of Care" Encompasses All The Expenses A Healthcare Provider Incurs To Deliver Medical Services,
Including Salaries, Equipment, And Supplies.
4. Which Financial Statement Provides A Snapshot Of An Organization's Financial Position At A Specific Point In Time?
A) Income Statement
B) Balance Sheet
C) Cash Flow Statement
D) Statement Of Operations
A N SWER: B) Balance Sheet
EXPLANATION: A Balance Sheet Displays An Organization's Assets, Liabilities, And Equity At A Specific Moment, Providing
Insight Into Its Financial Health.
4
