Question 1
1 / 1 pts
The primary reason that health care managers should be
concerned about health care financing and health
insurance is:
It's the right thing to do
It's important to the organization’s bottom line and to
organizational success
Employees are concerned about the increases in their share of
premiums and other cost sharing
All of these are correct.
Question 2
1 / 1 pts
Access to the care of specialist physicians is limited in
which type of health plan?
Point of Service Plan
Conventional Indemnity Plan
Preferred Provider Organization
All of these are correct.
None of these are correct.
Question 3
1 / 1 pts
In purchasing health insurance, which of the following is
NOT typically a consideration?
Benefit packages
Provider choice
Ethical issues
Coinsurance
Question 4
1 / 1 pts
Quality is likely to be high for those covered by:
HMOs
PPOs
Indemnity plans
HDHPs
PPOs, Indemnity plans, and HDHPs
All of these are correct.
None of these are correct.
Question 5
1 / 1 pts
Medicaid provides coverage for low-income individuals
who:
Receive Temporary Aid to Needy Families (TANF) assistance
Receive Supplemental Security Income (SSI) assistance
Are pregnant
Are elderly
All of these are correct.
Question 6
1 / 1 pts
Which of the following laws have had a major impact on
social insurance in the U.S.?
Social Security Act of 1965
Patient Protection and Affordable Care Act
Medicare Prescription Drug, Improvement, and Modernization Act
All of these are correct.
None of these are correct.
Question 7
1 / 1 pts
Medicaid spending increases are the result of:
Expansion of services of many types
Expansion of eligibility to include all children
Rising unemployment and increases in the uninsured
Expansions as a result of the Affordable Care Act
Expansion of services of many types, rising unemployment
and increases in the uninsured, and expansions as a result
of the Affordable Care Act
All of these are correct.
Question 8
1 / 1 pts
Which type of HMO offers the most flexibility for
participating physicians?
Independent Practice Association
Closed-panel HMO
Open-panel HMO
None of these are correct.
Question 9
1 / 1 pts
The TRICARE military health care system provides
coverage for
Active duty military personnel
Retired military personnel
Their families
All of these are correct.
Question 10
1 / 1 pts
Which type of managed care plan offers patients flexibility
in accessing their physician of choice?
Health Maintenance Organization
Preferred Provider Organization
Point of Service Plan
All of these are correct.
Preferred Provider Organization and Point of Service Plan
Question 11
1 / 1 pts
Medicare includes coverage of all of the following EXCEPT:
Inpatient hospital care under Part A
Mental health care under Part E
Prescription drugs under Part D
Physician services and outpatient care under Part B
Question 12
1 / 1 pts
The following are all public insurance programs EXCEPT:
Medicaid
Medicare
Children’s Health Insurance Program
None of these are correct.
IncorrectQuestion 13
0 / 1 pts
The growth in health insurance in the U.S. came about as
a result of all of the following EXCEPT:
The rising cost of health care
The increased government role in providing access to care
The urging of employers to add this benefit
The involvement of unions and collective bargaining
All of these are correct.
Question 14
1 / 1 pts
Who bears the costs of providing care to the uninsured?
The uninsured
Philanthropic contributions
Local governments
Everyone, including all of these
Question 15
1 / 1 pts
A high-deductible health plan with a savings option
represents a form of consumer driven health plan that:
Encourages the purchaser to be more aware of the cost of care
Encourages the consumer to use preventive types of health care
Is usually lower in cost than other types of plans
Requires the consumer to pay a large amount out of pocket
before the plan kicks in
All of these are correct.
Question 16
1 / 1 pts
Which of the following is NOT a characteristic of not-for-
profit health care organizations?
Must provide designated amounts of community benefit
Revenues cannot benefit individuals in the organization
May participate in political campaigns
Are exempt from paying taxes and most business fees
Question 17
1 / 1 pts
The Balanced Budget Act of 1997 implemented cost
controls for Medicare expenditures in all of the following
health care sectors EXCEPT:
Home health agencies
Outpatient hospitals and clinics
Pharmaceutical companies
Skilled nursing facilities
Question 18
1 / 1 pts
Bad debt in health care finance is defined as:
Billing for services rendered but no payment is received
Patient care that is provided on a charity basis
Charity care provided by not-for profit organizations
Debt that is owed by the health care organization
Question 19
1 / 1 pts
The primary preparers of capital budget requests are the:
CEO and CFO
Accounting staff
Facilities management staff
Department managers
Question 20
1 / 1 pts
The primary goal of managing accounts receivable is to:
Collect revenue for investment opportunities
Reduce the collection period for payment for services
Generate "good will" for the organization
Increase the collateral for negotiating a line of credit with lenders
Question 21
1 / 1 pts
The difference between a hospital's charges for an
inpatient stay in the facility and the amount the hospital
has agreed to accept from the patient's insurance carrier
is called:
Capitation
A contractual allowance
Fee-for-service
Uncompensated care
Question 22
1 / 1 pts
The determination of the total cost of producing a
specified health care service through assigning costs into
revenue-producing departments is referred to as:
Cost allocation
Classifying costs
Assembling costs
Activity-based costing
Question 23
1 / 1 pts
Physician reimbursement through Medicare will eventually
be:
Merit-based reimbursement
Flat fee
Capitation
All of these are correct.
None of these are correct.
Question 24
1 / 1 pts
The commonly accepted method for valuing inventory that
produces an inventory of newer items is referred to as:
FIFO, or "first-in, first-out"
LIFO, or "last-in, last-out"
Weighted average
Specific identification
Question 25
1 / 1 pts
CMI is an acronym that stands for:
Centralized Management Inventory
Center for Medicare and Medicaid Innovation
Cost Management Industry
Center for Mediation Issues
Question 26
1 / 1 pts
Using working capital to enhance "good will" toward the
health care organization includes all except:
Paying employees on time
Paying vendors on time
Conserving cash for investments
Demonstrating to lenders that the organization is credit worthy
Answers A, B, and D are all intended to create organizational
"good will," while conserving cash for investments is not; page
266.
Question 27
1 / 1 pts
The Medicare prospective payment system for reimbursing
hospitals utilizes:
A "Cost Plus" charging system
DRGs
Per diem rates
The RBRVS system
Question 28
1 / 1 pts
For-profit health care organizations are usually owned by:
Local government agencies
The federal government
Investors looking to make a profit
Local government agencies and the federal government
Question 29
1 / 1 pts
Which of the following is NOT a possible outcome of the
decision-making process in cost accounting in health care
organizations?
Elimination of services that are losing money
Enhancement of departments that are making money
Management of "loss leaders" to the organization
Management of financial investments for the organization
Question 30
1 / 1 pts
The primary reasons why materials management is so
important to health care organizations include all of the
following EXCEPT:
Appropriate patient care
Controlling costs of materials and inventory
Developing close relationships with vendors
Improving the organization's profitability
Quiz Score: 29 out of 30
