Question 1

A group of physicians who do not want to incorporate but want to reduce their financial risks should form a(n) ____________________.

Accepted Answer

LLP (limited liability partnership)
limited liability partnership (LLP)
LLP
limited liability partnership

Question 2

Describe recent trends in long-term care services in America.

Accepted Answer

Life-care facilities and continuing care retirement communities have become more common. These meet the healthcare and daily living needs of people who do not need continual care in nursing homes. Another trend is increased government funding of long-term care primarily through Medicaid (after patients spend-down their financial resources).

Question 3

Which type of healthcare insurance plan uses primary care clinician gatekeepers to coordinate the care of plan participants?

Accepted Answer

A)  capitation plan 
B)  health maintenance organization 
C)  preferred provider plan 
D)  fee-for-service plan 
A)  capitation plan 
B)  health maintenance organization 
C)  preferred provider plan 
D)  fee-for-service plan B

Question 4

Explain why employer-sponsored healthcare insurance in America increased during World War II.

Accepted Answer

The federal government froze w

Question 5

If you own stock in a publicly-held corporation that becomes bankrupt, you will ____.

Accepted Answer

A)  be billed for a portion of legal costs 
B)  lose only the value of your stocks 
C)  owe a portion of the corporation's debt 
D)  owe a portion of the corporation's unpaid taxes 
A)  be billed for a portion of legal costs 
B)  lose only the value of your stocks 
C)  owe a portion of the corporation's debt 
D)  owe a portion of the corporation's unpaid taxes

Question 6

Prior to 1930, hospitals in America received most of their funding from ____.

Accepted Answer

A)  charitable donations 
B)  city governments 
C)  patient payments 
D)  physician organizations 
A)  charitable donations 
B)  city governments 
C)  patient payments 
D)  physician organizations

Question 7

Federal tax revenues are based on a C Corporation's ____.

Accepted Answer

A)  gross revenues 
B)  net revenues and profits 
C)  dividends 
D)  profits and dividends 
A)  gross revenues 
B)  net revenues and profits 
C)  dividends 
D)  profits and dividends

Question 8

When Medicare and Medicaid were established in 1965, their costs increased much more than government planners expected. What was changed in 1982 in an attempt to keep costs down?

Accepted Answer

A)  Physicians were given incentives to use fewer resources. 
B)  Patients were given incentives to improve their health. 
C)  Hospital budgets were controlled by the federal government. 
D)  Payments to healthcare providers were based on patients' diagnoses. 
A)  Physicians were given incentives to use fewer resources. 
B)  Patients were given incentives to improve their health. 
C)  Hospital budgets were controlled by the federal government. 
D)  Payments to healthcare providers were based on patients' diagnoses.

Question 9

The Hospital Survey and Construction Act of 1946 produced ____.

Accepted Answer

A)  an increase in the availability of in-patient hospital services 
B)  a doubling in the number of not-for-profit hospitals 
C)  a decrease in hospital charges due to greater competition 
D)  a five-year increase in life expectancy of Americans 
A)  an increase in the availability of in-patient hospital services 
B)  a doubling in the number of not-for-profit hospitals 
C)  a decrease in hospital charges due to greater competition 
D)  a five-year increase in life expectancy of Americans

Question 10

Which type of healthcare reimbursement system pays a fixed amount per patient?

Accepted Answer

A)  Medicaid 
B)  capitation 
C)  third-party insurance 
D)  healthcare maintenance organization 
A)  Medicaid 
B)  capitation 
C)  third-party insurance 
D)  healthcare maintenance organization

Question 11

The controlling entity of a for-profit, investor-owned hospital is the ____________________.

Accepted Answer

The answer of The controlling entity of a for-profit, investor-owned...

Question 12

What situation resulted in the rapid increase of employer-sponsored healthcare insurance during World War II?

Accepted Answer

A)  rationing 
B)  wage freezes 
C)  socialism 
D)  government mandate 
A)  rationing 
B)  wage freezes 
C)  socialism 
D)  government mandate

Question 13

A not-for-profit hospital must ____.

Accepted Answer

A)  be operated by a religious organization 
B)  adopt a corporate structure 
C)  have annual stockholder meetings 
D)  be staffed by volunteers 
A)  be operated by a religious organization 
B)  adopt a corporate structure 
C)  have annual stockholder meetings 
D)  be staffed by volunteers

Question 14

Capitated payment plans were common before 1965.

Accepted Answer

A) True 
 B)False

Question 15

A recent trend in healthcare is the growth of public corporations that own multiple hospitals and other healthcare facilities.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following financial management issues differentiates healthcare from other businesses?

Accepted Answer

A)  operating budgets 
B)  need for cash flow 
C)  third-party payers 
D)  accounting method 
A)  operating budgets 
B)  need for cash flow 
C)  third-party payers 
D)  accounting method

Question 17

The legal document required in most states for expanding a hospital is a(n) ____________________.

Accepted Answer

The answer of The legal document required in most states...

Question 18

The original Medicare and Medicaid programs reimbursed hospitals using a(n) ____________________ system.

Accepted Answer

cost-based

Question 19

Hospice care ____.

Accepted Answer

A)  extends the life of patients 
B)  requires a dedicated facility 
C)  is for patients and their families 
D)  is not reimbursed by insurers or Medicare 
A)  extends the life of patients 
B)  requires a dedicated facility 
C)  is for patients and their families 
D)  is not reimbursed by insurers or Medicare

Question 20

The Tax Equity and Fiscal Responsibility Act of 1982 resulted in ____.

Accepted Answer

A)  fee-for-service plans for Medicare 
B)  preferred provider insurance plans 
C)  a prospective payment system for Medicare 
D)  for-profit hospital corporations 
A)  fee-for-service plans for Medicare 
B)  preferred provider insurance plans 
C)  a prospective payment system for Medicare 
D)  for-profit hospital corporations

A group of physicians who do not want to incorporate but want to reduce their financial risks should form a(n) ____________________.

Describe recent trends in long-term care services in America.

Which type of healthcare insurance plan uses primary care clinician gatekeepers to coordinate the care of plan participants?

Explain why employer-sponsored healthcare insurance in America increased during World War II.

If you own stock in a publicly-held corporation that becomes bankrupt, you will ____.

Prior to 1930, hospitals in America received most of their funding from ____.

Federal tax revenues are based on a C Corporation's ____.

When Medicare and Medicaid were established in 1965, their costs increased much more than government planners expected. What was changed in 1982 in an attempt to keep costs down?

The Hospital Survey and Construction Act of 1946 produced ____.

Which type of healthcare reimbursement system pays a fixed amount per patient?

The controlling entity of a for-profit, investor-owned hospital is the ____________________.

What situation resulted in the rapid increase of employer-sponsored healthcare insurance during World War II?

A not-for-profit hospital must ____.

Capitated payment plans were common before 1965.

A recent trend in healthcare is the growth of public corporations that own multiple hospitals and other healthcare facilities.

Which of the following financial management issues differentiates healthcare from other businesses?

The legal document required in most states for expanding a hospital is a(n) ____________________.

The original Medicare and Medicaid programs reimbursed hospitals using a(n) ____________________ system.

Hospice care ____.

The Tax Equity and Fiscal Responsibility Act of 1982 resulted in ____.

Paying for Healthcare

The Rising Costs of Medical Services and Healthcare Reform

Basic Accounting Concepts

Accounting and the Financial Management Process

The Balance Sheet

The Income Statement

Budgets

Cash Management

Investing, Borrowing, and the Time Value of Money

Revenue Cycle Management

Managing Financial Risk

Financial Management of Health Information Technology

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Exam 1: The Environment of Healthcare Finance

A group of physicians who do not want to incorporate but want to reduce their financial risks should form a(n) ____________________.

Describe recent trends in long-term care services in America.

Which type of healthcare insurance plan uses primary care clinician gatekeepers to coordinate the care of plan participants?

Explain why employer-sponsored healthcare insurance in America increased during World War II.

If you own stock in a publicly-held corporation that becomes bankrupt, you will ____.

Prior to 1930, hospitals in America received most of their funding from ____.

Federal tax revenues are based on a C Corporation's ____.

When Medicare and Medicaid were established in 1965, their costs increased much more than government planners expected. What was changed in 1982 in an attempt to keep costs down?

The Hospital Survey and Construction Act of 1946 produced ____.

Which type of healthcare reimbursement system pays a fixed amount per patient?

The controlling entity of a for-profit, investor-owned hospital is the ____________________.

What situation resulted in the rapid increase of employer-sponsored healthcare insurance during World War II?

A not-for-profit hospital must ____.

Capitated payment plans were common before 1965.

A recent trend in healthcare is the growth of public corporations that own multiple hospitals and other healthcare facilities.

Which of the following financial management issues differentiates healthcare from other businesses?

The legal document required in most states for expanding a hospital is a(n) ____________________.

The original Medicare and Medicaid programs reimbursed hospitals using a(n) ____________________ system.

Hospice care ____.

The Tax Equity and Fiscal Responsibility Act of 1982 resulted in ____.

Paying for Healthcare

The Rising Costs of Medical Services and Healthcare Reform

Basic Accounting Concepts

Accounting and the Financial Management Process

The Balance Sheet

The Income Statement

Budgets

Cash Management

Investing, Borrowing, and the Time Value of Money

Revenue Cycle Management

Managing Financial Risk

Financial Management of Health Information Technology

Filters