HCAD 375 EXAM 3 QUESTIONS WITH
CORRECT ANSWERS
Describe 3 types of common forecasts used in health care budgeting -
| | | | | | | | | | | |
CORRECT ANSWER✔✔--staffing forecast
| |
-revenue forecast |
-operating expense forecast
| |
What type of assumptions and information are necessary to generate a
| | | | | | | | | | |
revenue forecast? - CORRECT ANSWER✔✔--utilization changes
| | | | |
-patient mix changes
| |
-rate changes
|
-capacity/volume
In health care what commonly contributes to capacity limitations? -
| | | | | | | | | |
CORRECT ANSWER✔✔--space and equipment availability
| | | |
,-staffing availability
|
What are the objectives/uses of a budget? - CORRECT ANSWER✔✔-
| | | | | | | | |
measure financial performance
| |
determine growth |
set financial expectations
| |
What is Authoritarian budgeting? Advantages and disadvantages? -
| | | | | | | |
CORRECT ANSWER✔✔-Given budget by higher up.
| | | | |
advantage: faster |
disadvantage: you don't have a say | | | | |
What is Participatory budgeting? Advantages and disadvantages? -
| | | | | | | |
CORRECT ANSWER✔✔-You make budget based on departments.
| | | | | |
advantage: creates buy in increases
| | | |
, disadvantage: harder and takes longer to create
| | | | | |
What is Incremental/Decremental budgeting? Advantages and
| | | | | |
disadvantages? - CORRECT ANSWER✔✔-start with last years budget and
| | | | | | | |
increase or decrease it
| | | |
advantage: easy and fast | | |
disadvantage: incentive for each dept to spend their max budget
| | | | | | | | | |
amount
What is Zero-Based budgeting? Advantages and disadvantages? -
| | | | | | | |
CORRECT ANSWER✔✔-Make budget from scratch each year
| | | | | |
advantage: useful for major budget adjustments
| | | | |
disadvantage: hard & time consuming to create
| | | | | |
Who is involved in participatory budgeting? - CORRECT ANSWER✔✔-
| | | | | | | |
Board, top management, dept heads, physician
| | | | |
CORRECT ANSWERS
Describe 3 types of common forecasts used in health care budgeting -
| | | | | | | | | | | |
CORRECT ANSWER✔✔--staffing forecast
| |
-revenue forecast |
-operating expense forecast
| |
What type of assumptions and information are necessary to generate a
| | | | | | | | | | |
revenue forecast? - CORRECT ANSWER✔✔--utilization changes
| | | | |
-patient mix changes
| |
-rate changes
|
-capacity/volume
In health care what commonly contributes to capacity limitations? -
| | | | | | | | | |
CORRECT ANSWER✔✔--space and equipment availability
| | | |
,-staffing availability
|
What are the objectives/uses of a budget? - CORRECT ANSWER✔✔-
| | | | | | | | |
measure financial performance
| |
determine growth |
set financial expectations
| |
What is Authoritarian budgeting? Advantages and disadvantages? -
| | | | | | | |
CORRECT ANSWER✔✔-Given budget by higher up.
| | | | |
advantage: faster |
disadvantage: you don't have a say | | | | |
What is Participatory budgeting? Advantages and disadvantages? -
| | | | | | | |
CORRECT ANSWER✔✔-You make budget based on departments.
| | | | | |
advantage: creates buy in increases
| | | |
, disadvantage: harder and takes longer to create
| | | | | |
What is Incremental/Decremental budgeting? Advantages and
| | | | | |
disadvantages? - CORRECT ANSWER✔✔-start with last years budget and
| | | | | | | |
increase or decrease it
| | | |
advantage: easy and fast | | |
disadvantage: incentive for each dept to spend their max budget
| | | | | | | | | |
amount
What is Zero-Based budgeting? Advantages and disadvantages? -
| | | | | | | |
CORRECT ANSWER✔✔-Make budget from scratch each year
| | | | | |
advantage: useful for major budget adjustments
| | | | |
disadvantage: hard & time consuming to create
| | | | | |
Who is involved in participatory budgeting? - CORRECT ANSWER✔✔-
| | | | | | | |
Board, top management, dept heads, physician
| | | | |
