Answer Options:
True
\nFalse
Answer: False
Question: True or False? Financial principles are not affected by external factors such as policy changes, the economy, etc.
Answer Options:
True
\nFalse
Answer: False
Question: What classification by the IRS designates a not-for-profit health care organization?
Answer Options:
A. 401(k)
\nB. 501(c)(3)
\nC. 503(b)
\nD. 501(b)
Answer: B. 501(c)(3)
Question: True or False? Major medical health insurance coverage typically includes hospital coverage, but not related physician services.
Answer Options:
True
\nFalse
Answer: False
Question: For which of the following groups of low-income individuals does Medicaid provide coverage?
Answer Options:
A. Those who receive Temporary Aid to Needy Families (TANF) assistance
\nB. Those who receive Supplemental Security Income (SSI) assistance
\nC. Those who are pregnant
\nD. Those who are elderly
\nE. All of these are correct
Answer: E. All of these are correct
Question: Information on an organization’s core capabilities is relatively easy to obtain.
Answer Options:
True
\nFalse
Answer: False
Question: True or False? Capitation shifts the risk of coverage to the insurer from the provider of health care.
Answer Options:
True
\nFalse
Answer: False
Question: Medicare spending has increased as a result of which of the following?
Answer Options:
A. Advances in the pharmaceutical industry
\nB. Increase in technology
\nC. Inflation
\nD. All of these are correct.
Answer: D. All of these are correct.
Question: Power of Consumers and Players and Innovations in Technology are two of the five forces in the Five Forces model.
Answer Options:
True
\nFalse
Answer: True
Question: Variable costs consist of all the following, except:
Answer Options:
A. salary employees
\nB. medications
\nC. supplies
\nD. hourly employees
Answer: A. salary employees
Question: Medicare includes coverage of all of the following, except:
Answer Options:
A. mental health care under Part E
\nB. inpatient hospital care under Part A
\nC. physician services under outpatient care under Part B
\nD. prescription drugs under Part D
Answer: A. mental health care under Part E
Question: What classification by the IRS designates a not-for-profit health care organization?
Answer Options:
A. 501(c)(3)
\nB. 503(b)
\nC. 501(c)(4)
\nD. 501(b)
Answer: A. 501(c)(3)
Question: True or False? Major medical health insurance coverage typically includes hospital coverage, but not related physician services.
Answer Options:
True
\nFalse
Answer: False
Question: Capitation is a reimbursement model in which providers are compensated by which of the following?
Answer Options:
A. Based on quality measures and patient satisfaction.
\nB. Billing charges, which are typically paid at a contractual amount.
\nC. A defined dollar amount per each day care is provided.
\nD. A fixed amount per enrollee “member” per month.
Answer: D. A fixed amount per enrollee “member” per month.