(for nimmo)

Question 1

 

Projection of expenses can begin after completing _________ assumptions.

		volume
		contractual adjustments
		demand
		net revenue rate

Question 2

 

It is estimated that health care spending will increase to _________ by the year 2016.

		$ trillion
		$4.14 trillion
		$1.9 trillion
		$3 trillion

Question 3

 

The United States spent more than _________ on health care in 2004.

		$1 trillion
		$4.14 trillion
		$1.9 trillion
		$3 trillion

Question 4

 

The two trends emerging faster and with more power than in the past are _________ and _________.

		genomic medicine; drug therapy.
		natural healing; drug therapy.
		homeopathy; gene therapy.
		defensive medicine; community health.

Question 5

Like revenues, _________ are both fixed and dependent on volume projection.

		volume
		expenses
		demand
		net revenue rate

Question 6

 

_________ drive gross revenues, net revenues, and variable expenses.

		Profit
		Demand
		Volume assumptions
		Costs

Question 7

 

To determine the _________ for a new service, it is essential to be able to estimate the volume of the new service and the cost per unit of the service.

		expenses
		variable expense
		profitability
		margin

Question 8

 

Which of the following expenses is NOT one of the fixed expenses?

Answer

		marginal spinoff cost
		maintenance costs
		marketing costs
		franchise fee

Question 9

 

The areas with the greatest expenditure increase between 2004 and 2016 are health care and _________.

		education.
		drugs.
		welfare.
		child care.

Question 10

 

The fixed expenses are generally specific to a program and they do not vary with _________.

		expenses.
		volume.
		profitability.
		margin.

Question 11

 

Discuss the need and usefulness of hospital and physician professional liability (malpractice) insurance in the United States. Does the need for insurance add to or detract from the care that is given?

Question 12

 

Discuss the future of health care finance. What do you think it will be like in ten years from now?

Question 13

Did this course meet your expectations? What did you like the best about this course? What suggestions can you offer to improve this course?