Deck 1: The Context of Health Care Financial Management

Question 1

Which of the following is the goal of the U.S. health care system?

A) Access
B) Cost
C) Quality
D) All of the above

Answer 1

All of the above

Question 2

ACA is the abbreviation for what legislation?

A) Accountable Care Organizations
B) Patient Protection and Affordable Care Act
C) Activity Based Costing
D) Administrative Cost Accounting

Answer 2

Patient Protection and Affordable Care Act

Question 3

Which of the following is not a provision that is expected to have a significant impact from the ACA?

A) Requirement that all payments for health care be based on quality of services
B) Requirement that almost all individuals have insurance coverage
C) Establishment of payment mechanisms for bundled payments and value based purchasing system
D) Requirement that states create insurance exchanges

Answer 3

Requirement that all payments for health care be based on quality of services

Question 4

The number of uninsured U.S. citizens rose between 2001 and 2010 from:

A) 5 million to 15 million
B) 20 million to 32 million
C) 36 million to 50 million
D) 55 million to 65 million

Question 5

ACA provides a _______________ benefits package:

A) $0
B) Minimum
C) Maximum
D) $5,000

Question 6

Accountable Care Organizations as part of ACA are:

A) Mandatory
B) Exclusive
C) Voluntary
D) State organizations

Question 7

Patient -Centered Medical Home is:

A) An expensive delivery system
B) An indication of poor quality
C) A partnership between primary care providers, patients and families
D) Not encouraged

Question 8

All of the following factors contribute to the rising cost of health care except:

A) Aging population
B) New and returning consumers in the marketplace
C) Chronic Disease
D) Providers embracing lean Six Sigma and other techniques to deliver better care with less resources

Question 9

All of the following factors could contribute to a decrease in health care costs except:

A) Pharmaceuticals going off patent
B) Providers using health information technology in robust ways
C) Medical technology continuing to develop new systems
D) Hospitals overriding physician preference in supplies

Question 10

The HITECH Act (2009) was enacted with the goal of:

A) Creating and expanding the current health care IT infrastructure
B) Promoting electronic data exchange
C) Substantially and rapidly increasing EHR adoption
D) All of the above

Question 11

Retail Health Care is not viable in today's health care environment.

Question 12

Litigation under ACA was sufficiently addressed.

Question 13

Providers spend a significant amount of time and expense addressing compliance.

Question 14

Recovery Audit Contractors (RAC) auditors are independent contractors hired by CMS.

Question 15

Value Based Payment has been a part of Medicare since its inception.

Question 16

Value Based Purchasing is designed to address only quality of care incentives.

Question 17

ICD-10 as a coding system has been used in the United States for many years.

Question 18

ACOs are voluntary groups of health care providers who coordinate care to a patient population.

Question 19

U.S. Health System goals remain unchanged.

Question 20

Methods of health care financing remain unchanged.