Health Care Financial Management

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Question 1   A _________ is a necessary step that allows the organization to determine how to optimize the value of the...

Question 1

  1.  
    A _________ is a necessary step that allows the organization to determine how to optimize the value of the cash being generated by its operations.
    Answer
      
    budget
      
    capital budget
      
    operating budget
      
    cash budget

4 points  

Question 2

  1.  
    A _________ budget is adjusted for changes in volume.
    Answer
      
    flexible
      
    cash
      
    operating
      
    volume-adjusted

4 points  

Question 3

  1.  
    If an organization does not want to overdraft, then it should look at the _________ cash balance when forecasting checking account balances.
    Answer
      
    highest weekly
      
    average weekly
      
    lowest weekly
      
    highest

4 points  

Question 4

  1.  
    It is likely that _________, as a group, will continue to play the key role they have historically enjoyed as leaders of the health care community.
    Answer
      
    managed care
      
    physicians
      
    PPMCs
      
    corporations

4 points  

Question 5

  1.  
    A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.
    Answer
      
    margin
      
    parameter
      
    list
      
    criteria

4 points  

Question 6

  1.  
    The market capitalization for PPMCs increased from 1 billion in 1993 to _________ three years later.
    Answer
      
    5 billion
      
    10 billion
      
    12 billion
      
    16 billion

4 points  

Question 7

  1.  
    A negative consequence for consistently missed budgeted financial targets could be _________.
    Answer
      
    preparation of a variance report.
      
    training.
      
    warning from higher management.
      
    job termination.

4 points  

Question 8

  1.  
    Ideally a cash budget should be updated _________.
    Answer
      
    weekly.
      
    monthly.
      
    semi-annually.
      
    annually.

4 points  

Question 9

  1.  
    The initial cash budget should forecast a collection of _________ of budgeted net revenue.
    Answer
      
    100%
      
    90%
      
    at least 70%
      
    at least 90%

4 points  

Question 10

  1.  
    In 2004, physician practices encompassed almost _________ of the industry's financial outlays.
    Answer
      
    10%
      
    20%
      
    40%
      
    60%

4 points  

 

Question 11

  1.  
    Compare the difference between an operating budget, a capital budget, and a cash budget. What are the primary elements in each budget?
    Answer
    • 12 years ago
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