NU 650
Healthcare Economics, Finance &
Resource Management
LATEST FINAL EXAM REVIEW
Q&S
©2024/2025
,1. Multiple Choice: What economic theory explains the
distribution of healthcare resources in a free market?
- A) Keynesian economics
- B) Supply and demand
- C) Resource scarcity
- D) Health equity
Correct Answer: B) Supply and demand
Rationale: Supply and demand is the fundamental economic
theory that explains how resources are allocated in a free market,
including healthcare resources.
2. Fill-in-the-Blank: The __________ model is a method used to
determine the cost-effectiveness of a healthcare intervention.
Correct Answer: QALY (Quality-Adjusted Life Year)
Rationale: The QALY model is used to assess the value of
medical interventions by measuring the quantity and quality of life
they produce.
3. True/False: In healthcare finance, the term 'capitation' refers to a
payment model where providers are paid based on the number of
services provided.
©2024/2025
, - True
- False
Correct Answer: False
Rationale: Capitation is a payment model where providers are
paid a set fee per patient regardless of the number of services
provided.
4. Multiple Response: Which of the following are considered direct
costs in healthcare? (Select all that apply)
- A) Medication expenses
- B) Patient counseling sessions
- C) Health insurance premiums
- D) Medical equipment depreciation
Correct Answers: A) Medication expenses, B) Patient
counseling sessions, D) Medical equipment depreciation
Rationale: Direct costs are those related to the delivery of
healthcare services, such as medication, counseling, and equipment
use.
5. True/False: 'Value-based care' is a healthcare delivery model that
prioritizes provider skills over patient outcomes.
- True
- False
©2024/2025
Healthcare Economics, Finance &
Resource Management
LATEST FINAL EXAM REVIEW
Q&S
©2024/2025
,1. Multiple Choice: What economic theory explains the
distribution of healthcare resources in a free market?
- A) Keynesian economics
- B) Supply and demand
- C) Resource scarcity
- D) Health equity
Correct Answer: B) Supply and demand
Rationale: Supply and demand is the fundamental economic
theory that explains how resources are allocated in a free market,
including healthcare resources.
2. Fill-in-the-Blank: The __________ model is a method used to
determine the cost-effectiveness of a healthcare intervention.
Correct Answer: QALY (Quality-Adjusted Life Year)
Rationale: The QALY model is used to assess the value of
medical interventions by measuring the quantity and quality of life
they produce.
3. True/False: In healthcare finance, the term 'capitation' refers to a
payment model where providers are paid based on the number of
services provided.
©2024/2025
, - True
- False
Correct Answer: False
Rationale: Capitation is a payment model where providers are
paid a set fee per patient regardless of the number of services
provided.
4. Multiple Response: Which of the following are considered direct
costs in healthcare? (Select all that apply)
- A) Medication expenses
- B) Patient counseling sessions
- C) Health insurance premiums
- D) Medical equipment depreciation
Correct Answers: A) Medication expenses, B) Patient
counseling sessions, D) Medical equipment depreciation
Rationale: Direct costs are those related to the delivery of
healthcare services, such as medication, counseling, and equipment
use.
5. True/False: 'Value-based care' is a healthcare delivery model that
prioritizes provider skills over patient outcomes.
- True
- False
©2024/2025
