Answer Options:
True
\nFalse
Answer: True
Question: Recent research in health care management focuses on:
Answer Options:
A. organizational best practices and leader behaviors
\nB. organizational failures
\nC. mentoring
\nD. succession planning
\nE. None of these is correct
Answer: A. organizational best practices and leader behaviors
Question: True or False? Enrollment in Medicare has increased significantly as a result of the Affordable Care Act.
Answer Options:
True
\nFalse
Answer: False
Question: True or False? The Children’s Health Insurance Program is a form of private health insurance coverage.
Answer Options:
True
\nFalse
Answer: False
Question: True or False? Charges and actual prices refer to the same phenomenon in health care organizations.
Answer Options:
True
\nFalse
Answer: False
Question: True or False? A major focus in health care finance is the managing of third-party reimbursement.
Answer Options:
True
\nFalse
Answer: True
Question: True or False? Elderly and disabled Medicaid beneficiaries account for less than half of program spending.
Answer Options:
True
\nFalse
Answer: False
Question: The external domain of health care management includes which of the following?
Answer Options:
A. Quality services
\nB. Physician relations
\nC. Patient satisfaction
\nD. Medicare/Medicaid
\nE. Staffing
Answer: D. Medicare/Medicaid
Question: Ideally, who should provide input in the development of the strategic plan?
Answer Options:
A. Physicians and other providers
\nB. Volunteers
\nC. Senior management
\nD. All of these are correct.
\nE. Physicians, other providers, and senior management
Answer: D. All of these are correct.
Question: True or False? Private health insurance accounted for slightly more than half of all expenditures for health care in 2016.
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: Cost allocation is the practice of determining what a patient should be charged.
Answer Options:
True
\nFalse
Answer: False
Question: Cost allocation is the practice of determining what a patient should be charged.
Answer Options:
True
\nFalse
Answer: False
Question: True or False? Cost allocation is necessary to ensure that patients are only paying for the services they are using.
Answer Options:
True
\nFalse
Answer: True
Question: Numerous external factors play a role in the day-to-day work of health care financial managers.
Answer Options:
True
\nFalse
Answer: True
Question: Financial accounting’s primary purpose is to communicate financial information and performance to all of the following external users, except:
Answer Options:
A. lenders.
\nB. the government.
\nC. insurers.
\nD. stockholders.
\nE. patients.
Answer: E. patients.
Question: The Patient Protection and Affordable Care Act includes provisions for which of the following?
Answer Options:
A. improving quality.
\nB. Expanding Medicaid.
\nC. Providing access to health care for all Americans.
\nD. All of these are correct.
Answer: D. All of these are correct.
Question: True or False? All states expanded their Medicaid Programs as part of the Affordable Care Act.
Answer Options:
True
\nFalse
Answer: False
Question: True or False? The Veterans Health Administration is one of the smallest health care systems in the U.S.
Answer Options:
True
\nFalse
Answer: False
Question: Which of the following laws has had a major impact on social insurance in the U.S.?
Answer Options:
A. Social Security Act of 1935
\nB. Patient Protection and Affordable Care Act
\nC. Medicare Prescription Drug, Improvement, and Modernization Act
\nD. All of these are correct.
\nE. None of these is correct.
Answer: D. All of these are correct.
Question: True or False? Provider choice is unlimited under all types of health insurance plans.
Answer Options:
True
\nFalse
Answer: False
Question: The primary function of the Governing Body or Board of Directors in a health care organization is to ensure which of the following?
Answer Options:
A. The employees within the company are treated fairly
\nB. The chief operating officer position is properly filled
\nC. The proper use of resources
\nD. The recruitment of staff is successful
\nE. None of these is correct.
Answer: C. The proper use of resources
Question: In purchasing health insurance, which of the following is not typically a consideration?
Answer Options:
A. Coinsurance
\nB. Benefit packages
\nC. Provider choice
\nD. Ethical issues
Answer: D. Ethical issues
Question: The following are all public insurance programs, except:
Answer Options:
A. Medicare.
\nB. Medicaid.
\nC. Children’s Health Insurance Program.
\nD. All of these are public insurance programs.
Answer: D. All of these are public insurance programs.