HSM 340 (HSM 340 Final Exam)

1. Question : (TCO 2) A statement that reports the financial position (assets, liabilities, and stockholders' equity) of an accounting entity at a point in time is called a(an): Student Answer: Income statement Statement of retained earnings Balance sheet Statement of cash flows Report of management Instructor Explanation: Chapter 9 Question 2. Question : (TCO 2) Which method(s) of financial reporting does (do) not recognize the impact of changes in unrealized gains in replacement value? Studen...

HSM 340 Week 7 Quiz These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type : # Of Questions: # Correct: Multiple Choice 4 3 Short 2 N/A Essay 1 N/A Question 1. Question : (TCO 7) A High Deductible Health Plan with a Savings Option does not include the following? Student Answer: First dollar payment for health services A bank administered medical savings account. Links to traditi...

HSM 340 Week 4 Discussion Question 1 and 2 List the major nonhospital & nonphysician sectors of the healthcare industry The Health Care Sector encompasses two main industry groups. The fir st includes companies who manufacture health care equipment & supplies or provide health care related services, including distributors of health care products, providers of basic health-care services, & owners & operators of health care facilities & organizations. The second regroups companies primarily involv...

Question: (TCO 4) Which of the following is part of a statistics budget? Question: (TCO 4) The following is an example of a ___ budget: “The budget for the radiology department is different at 90 p ercent occupancy than at 80 percent occupancy.” Question: (TCO 4) Effectiveness is a relationship between: Question: (TCO 3) What is the main reason that relative value units (RVUs) often are used in health care? Question: (TCO 3) Your controller has told you that the marginal profit of DRG 209 (m...

Cash and Working Capital DEVRY UNIVERSITY GROUP 2 HSM 340 Table of Contents I. What are four general phases of working capital cycle ?.................................................Slides 3 II. What are the three primary sources of short-term funds ?................................................Slides 4&5&6 III. An organization’s short-term investment options for idle cash include what four areas........Slide 7 - 11 IV. Discuss the term float…………………………………………...

Question: (TCO 4) When would it make sense to use a flexible budget as compared to a forecast budget? Question: (TCO 7) Explain the difference between a horizontal merger and a vertical merger. Ques tion: (TCO 1) Describe the Outpatient Code Editor. Question: (TCO 1) What is the primary provision of the EMTALA. Question: (TCO 3) Use the following data to calculate the variances in problem. data Your hospital has been approached by a major HMO to perform all their MS-DRG 470 cases (major joint pr...

HSM-340 Week 2 Discussion Question 1 – Accounting Conventions and Methods (graded A)

HSM 340 Week 2 Week 2 Discussion Thread 2: Financial Performance Why it is important to know the scope of business being reviewed when using financial statements. When it comes to knowing what you are looking at- having full understanding into what the data presented means- what the bottom line represents- etc. The first thing is the accounting methods that are being used-specific language or unfamiliar terms you must familiarize yourself with- specific to the information and business that you a...

You must always have a plan & a back up plan. Realize what you are staring with & what you may end up with. Always plan for emergencies & set backs. Never take all that you have & put it into one deci sion. The major function of information in general & financial information in particular is to oil the decision-making process. Decision making is basically34the selection of a course of action from a defined list of possible or feasible actions. In many cases the actual course of action followed m...

Financial Sources (graded) List the major nonhospital & nonphysician sectors of the healthcare industry The Health Care Sector encompasses two main industry groups. The first includes companies who manufacture health care equipment & supplies or provide health care related services, including distributors of health care products, providers of basic health-care services, & owners & operators of health care facilities & organizations. The second regroups companies primarily involved in the r...