BHA 4053, Financial Management in Health Care Administration (Part I)

 BHA 4053, Financial Management in Health Care Administration (Part I)

Question 1

_________ generally account(s) for most of the cost of providing a service.

Question 2

A _________ is usually performed when the organization is planning to develop a new service or acquire any type of equipment, the capital cost of which exceeds some internally generated amount of money.

Question 3

The size of the _________ increase is a function of change in volume, severity, and expense, which are all forecast and budgeted by the medical center.

Question 4

A short-term projection of up to a year into the future is called a _________.

Question 5

A _________ indicator generally defines the level of financial viability.

Question 6

_________ can be used to determine the current needs and desires of the community in order to create new services to increase market share.

Question 7

In terms of financial management, Medicaid, Medicare, and other managed care organizations are all examples of _________.

Question 8

In most cases, Generally Accepted Accounting Principles (GAAP) and financial procedures require _________ and _________ based on a company and an estimator's previous experience within the industry.

Question 9

Which of the following is NOT one of the six major objectives of health care financial management according to Michael Nowicki?

Question 10

For _________, an important aspect of proper health care financial management is to understand the information needs of the people who are in the board of directors.

Question 11

Explain how volume is the most sensitive assumption in any pro-forma. What are the elements it affects directly in an income statement?

Question 12

Discuss how the health care industry’s share of GDP affects the overall economy?