MHA 706
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MHA 706, 1
Laatste content MHA 706
MHA 706 MODULE 2 INCOME STATEMENT AND CHANGES IN EQUITY EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 
Generally Accepted Accounting Principles (GAAP) 
are said to be compromised of assumptions, principles, and constraints. 
Going concern 
GAAP assumptions 
Expense Matching 
GAAP Principle 
Materiality 
GAAP constraint 
reports income from activities not related to "core" business of the organization. 
Non-operating Income 
is a measure of income generated from the "core...
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MHA 706 MODULE 2 INCOME STATEMENT AND CHANGES IN EQUITY EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 
Generally Accepted Accounting Principles (GAAP) 
are said to be compromised of assumptions, principles, and constraints. 
Going concern 
GAAP assumptions 
Expense Matching 
GAAP Principle 
Materiality 
GAAP constraint 
reports income from activities not related to "core" business of the organization. 
Non-operating Income 
is a measure of income generated from the "core...
MHA 706 MIDTERM QUIZ STUDY GUIDE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 2024/2025 
The major provisions of the Patient Protection and Affordable care act of 2010 were? 
Medicaid expansion, banning of preexisting condition coverage limitations, free preventive care 
Which of the following statements about the finance department at large healthcare organizations is/are correct? 
The CFO usually is assisted by a comptroller and treasurer/reports directly to the CEO/headed by CF...
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MHA 706 MIDTERM QUIZ STUDY GUIDE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 2024/2025 
The major provisions of the Patient Protection and Affordable care act of 2010 were? 
Medicaid expansion, banning of preexisting condition coverage limitations, free preventive care 
Which of the following statements about the finance department at large healthcare organizations is/are correct? 
The CFO usually is assisted by a comptroller and treasurer/reports directly to the CEO/headed by CF...
MHA706 MODULE 1 PART 1 QUIZ AND ANSWERS VERIFIED LATEST UPDATE 
The major provisions of the patient protection and affordable care act of 2010 were? 
Select one or more 
a. Banning of pre-existing condition, coverage limitation 
b. To reduce coverage for 10 essential health benefits. 
c. Free preventative care. 
d. Medicaid expansion. 
a,c,d 
which of the following statements about finance department at large healthcare organizations is correct? 
Select one or more 
a. The department is headed b...
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MHA706 MODULE 1 PART 1 QUIZ AND ANSWERS VERIFIED LATEST UPDATE 
The major provisions of the patient protection and affordable care act of 2010 were? 
Select one or more 
a. Banning of pre-existing condition, coverage limitation 
b. To reduce coverage for 10 essential health benefits. 
c. Free preventative care. 
d. Medicaid expansion. 
a,c,d 
which of the following statements about finance department at large healthcare organizations is correct? 
Select one or more 
a. The department is headed b...
MHA 706-M2 P1B EXAM QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS GRADED A++ 
Expenses 
Resources used to create revenues, representing the costs of doing business. 
Operating Income 
Profitability measure focusing on patient service activities, a key element of the income statement. 
Non-Operating Income 
Income from activities not related to patient services, such as contributions and investment income. 
Net Income 
Overall economic profitability measure defined by GAAP, representing revenues ...
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MHA 706-M2 P1B EXAM QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS GRADED A++ 
Expenses 
Resources used to create revenues, representing the costs of doing business. 
Operating Income 
Profitability measure focusing on patient service activities, a key element of the income statement. 
Non-Operating Income 
Income from activities not related to patient services, such as contributions and investment income. 
Net Income 
Overall economic profitability measure defined by GAAP, representing revenues ...
MHA 706-M1 P2A EXAM ACTUAL QUESTIONS AND ANSWERS VERIFIED 100% RATED 
Insurance Basics 
Fundamental principles of insurance including risk management and protection from financial loss 
Adverse Selection 
Situation where individuals with higher risk are more likely to purchase insurance 
Moral Hazard 
Risk of overuse of health services due to insured individuals not bearing full cost consequences 
Third-Party Payers 
Entities other than the patient who pay for healthcare services, such as insura...
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MHA 706-M1 P2A EXAM ACTUAL QUESTIONS AND ANSWERS VERIFIED 100% RATED 
Insurance Basics 
Fundamental principles of insurance including risk management and protection from financial loss 
Adverse Selection 
Situation where individuals with higher risk are more likely to purchase insurance 
Moral Hazard 
Risk of overuse of health services due to insured individuals not bearing full cost consequences 
Third-Party Payers 
Entities other than the patient who pay for healthcare services, such as insura...
MHA 706-M1 P2B EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 
Fee-for-Service 
Payment tied to the amount of services provided 
Prospective Payment 
Fixed payment determined beforehand, unrelated to costs or charges 
Capitation 
Payment tied to the size of the covered population 
Provider Incentives 
Financial motivations impacting providers' behavior 
Medical Coding 
First step in the reimbursement process, performed based on clinicians' notes 
Chargemaster 
Facilitates accu...
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MHA 706-M1 P2B EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 
Fee-for-Service 
Payment tied to the amount of services provided 
Prospective Payment 
Fixed payment determined beforehand, unrelated to costs or charges 
Capitation 
Payment tied to the size of the covered population 
Provider Incentives 
Financial motivations impacting providers' behavior 
Medical Coding 
First step in the reimbursement process, performed based on clinicians' notes 
Chargemaster 
Facilitates accu...
MHA 706-M2 P2A EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS 
Balance Sheet 
Contains information about the assets, liabilities, and equity of a business, presenting its financial position at a specific point in time. 
Income Statement 
Provides information about a business's operations and profitability over a period. 
Assets 
Items owned by a business that possess or create economic benefits, such as cash, investments, and property. 
Liabilities 
Debts or obligations of a business that...
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MHA 706-M2 P2A EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS 
Balance Sheet 
Contains information about the assets, liabilities, and equity of a business, presenting its financial position at a specific point in time. 
Income Statement 
Provides information about a business's operations and profitability over a period. 
Assets 
Items owned by a business that possess or create economic benefits, such as cash, investments, and property. 
Liabilities 
Debts or obligations of a business that...
MHA 706-M2 P2B EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE 
Long-term Debt 
Debt financing with maturities greater than one year. Smaller businesses often obtain long-term credit from commercial banks. Larger businesses typically issue (sell) bonds. 
Equity 
Nonliability claims against a business's assets. Equity obligations are not fixed by contract. For investor-owned businesses, equity is the amount of owner-supplied financing. For not-for-profit businesses, e...
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MHA 706-M2 P2B EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE 
Long-term Debt 
Debt financing with maturities greater than one year. Smaller businesses often obtain long-term credit from commercial banks. Larger businesses typically issue (sell) bonds. 
Equity 
Nonliability claims against a business's assets. Equity obligations are not fixed by contract. For investor-owned businesses, equity is the amount of owner-supplied financing. For not-for-profit businesses, e...
MHA 706 CHAPTER 1-5 QUIZZES EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 
Which of the following statements about finance, accounting, and financial management is most correct? 
 
a) Accounting is of no value in decision making. 
b) Financing management is of no value in decision making. 
c) Financial management is just the reporting of past organizational activities. 
d) Financial management provides the theory, concepts, and tools necessary to help managers make better financial...
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MHA 706 CHAPTER 1-5 QUIZZES EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED 
Which of the following statements about finance, accounting, and financial management is most correct? 
 
a) Accounting is of no value in decision making. 
b) Financing management is of no value in decision making. 
c) Financial management is just the reporting of past organizational activities. 
d) Financial management provides the theory, concepts, and tools necessary to help managers make better financial...
MHA 706: MODULE 3 EXAM QUESTIONS AND ANSWERS VERIFIED 100% GUARANTEED A++ GRADE 
liquidity ratio 
Days Cash on Hand (DCOH) example of: 
debt management ratio 
assesses if the business using the right mix of debt and equity 
profitability ratio 
assesses if the business is generating sufficient profits 
asset management ratio 
assesses if the business have the right amount of assets for its patient volume 
liquidity ratio 
assesses if the business can meet its cash obligations 
percentage change ...
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MHA 706•MHA 706
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BUNDLE OF MHA 706 FINAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED• Door NurseAdvocate
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MHA 706: MODULE 3 EXAM QUESTIONS AND ANSWERS VERIFIED 100% GUARANTEED A++ GRADE 
liquidity ratio 
Days Cash on Hand (DCOH) example of: 
debt management ratio 
assesses if the business using the right mix of debt and equity 
profitability ratio 
assesses if the business is generating sufficient profits 
asset management ratio 
assesses if the business have the right amount of assets for its patient volume 
liquidity ratio 
assesses if the business can meet its cash obligations 
percentage change ...