Management accounting in health care organizations Study guides, Class notes & Summaries

CHC (2023/ 2024) Exam V2 |150 Questions and Verified Answers| 100% Correct Q: Why is Caremark International Derivative Litigation important in Corporate Compliance? Answer: The 1996 U.S. Civil settlement of Caremark International, Inc. Decision established Corporate directors breached their oversight duty by failing to adequately supervise their employees when they knew/should've known a violation of law was occurring. Ref: 698 A.2d 959 (Del. Ch. 1996). Org entered into a 5-year impose...

HCAD 375 EXAM 1 QUESTIONS AND ANSWERS 2024 The financial environment is ______ and ___________ _____. Fluid Reimbursement driven Goal of Financial Management make organizations work more effectively What has led to increased HC costs? Aging population, uninsured, newly insured under ACA, Rx drugs, use of more advanced tech, chronic disease, "defensive medicine" What has led to a decrease in HC costs? Evidence based medicine, retail HC, more generic drugs, increased c...

Why is cost accounting so important in health care? correct answer: Though costs have such a minor role in deermining prices, cost accounting is very important in a healthcare organization. Because reimbursment is predetermined, managment must focus primarily on finding ways tomanage cosgts, so cost accougtning is critical. Cost information is uselful to a variety of key decisionmakers in a healthcare organization. Different concepts of cost are required for different purposes. Thefore it is im...

Federal Nursing Home Administrator Real Exam 2024/2025 Latest Version | 266 + Questions and Answers Already Graded A+. 1) OBRA asserts some separate committees can be folded into the quality improvement/assurance committee. Safety, Pharmacy and which committee below can be added into QA/QI committee? - AnswerInfection Control 2) Nursing homes are responsible for obtaining and providing dental care for residents. Who usually pays for dental services? - AnswerThe resident or a family member ...

CCM EXAM 300 Questions with Verified Answers ACO - CORRECT ANSWER An acronym for Accountable Care Organization Actuary - CORRECT ANSWER A person in the insurance field who decides insurance policy rates and reserves dividends, as well as conducts various other statistical analyses Parternship for Health ACT 1966 - CORRECT ANSWER recognized health promotion and illness prevention as a " State of complete physical, mental, social well being Assessment tool and diagnostic tests - CORRE...

Federal Nursing Home Administrator Real Exam 2024/2025 Latest Version | 266 + Questions and Answers Already Graded A+. 1) OBRA asserts some separate committees can be folded into the quality improvement/assurance committee. Safety, Pharmacy and which committee below can be added into QA/QI committee? - AnswerInfection Control 2) Nursing homes are responsible for obtaining and providing dental care for residents. Who usually pays for dental services? - AnswerThe resident or a family member ...

Study Guide for Bridges EPIC Terminology Final Exam 2024 Q&A Grand Central (ADT, EVS, Transport) - CORRECT ANSWER-Short for Admission/Discharge/Transfer. A system for tracking inpatient visits. Used by organizations to track inpatients from their arrival (admission), to their movements inside the hospital (transfer), to their departure (discharge). Cadence (Scheduling) - CORRECT ANSWER-Epic's enterprise scheduling product. Used to schedule and track patient appointments Health Info...

EPIC Terminology Exam Questions and Answers Grand Central (ADT, EVS, Transport) - Correct Answer ️️ -Short for Admission/Discharge/Transfer. A system for tracking inpatient visits. Used by organizations to track inpatients from their arrival (admission), to their movements inside the hospital (transfer), to their departure (discharge). Cadence (Scheduling) - Correct Answer ️️ -Epic's enterprise scheduling product. Used to schedule and track patient appointments Health Information...

A - ANSWER-Which one of the following is NOT true of cultural or political beliefs in America. A. America's origins as a wilderness society led to the belief that government is responsible for providing material assistance to its citizens. B. Americans place a greater emphasis than Europeans on personal advancement through education. C. Never has an American majority expressed a willingness to entrust health insurance fully to the government. D. America has a strong individualistic culture/...