1. The major provisions of the Patient Protection & Affordable Care Act of 2010 were?Answer: -Banning of preexisting condition coverage limitations
-Free preventative care
-Medicaid expansion
2. Which of the following statement(s) about the finance department a t large healthcare organizations i...
1. The major provisions of the Patient Protection & Affordable Care Act of
2010 were?Answer: -Banning of preexisting condition coverage
limitations
-Free preventative care
-Medicaid expansion
2. Which of the following statement(s) about the finance department a t
large healthcare organizations is/are correct?Answer: -The CFO typically
reports directly to the chief executive officer (CEO)
-The CFO is usually assisted by a comptroller and treasurer
-The department is headed by the chief financial officer (CFO)
(sometimes called the vice president-finance)
3. In a not-for-profit hospital, the following are example(s) of a
stakeholder.Answer: -
-Vendor
-Employee
-Community
4. Stockholders have all of the following right(s)...Answer: -Claim on
residual liquidation proceeds
-Right of control
-A possible dividend and/or capital gains
5. Which of the following statements about finance accounting, and
financial management is most correct?Answer: Financial management
provides the theory, con- cepts, and tools necessary to help managers
make better financial decisions.
6. External reportingAnswer: What is a DISADVANTAGE of being a
corporation?
7. Facilities managementAnswer: Which of the following are not finance
activities?
8. What is NOT a advantage of proprietorship?Answer: Unlimited liability
9. A not-for-profit corporation can also be called a 529(b).Answer: False
10.The primary goal of investor-owned corporations is shareholder
wealth maximization.Answer: True
11.CopaymentsAnswer: The fixed amount for a covered service that the
insurer mandates that the patient pay to the provider before the patient
receives service from the provider.
12.CoinsuranceAnswer: Requires an individual to pay for a certain
percentage of the eligible medical expenses.
13.Adverse selectionAnswer: Individuals at greater risk of needing
health care are more likely to purchase insurance.
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