Exam (elaborations)
NGR 6722 Module 5- Chapter 13 Quiz Questions With Complete Solutions
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NGR 6722 Module 5- Chapter 13 Quiz Questions With Complete Solutions
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NGR 6722 Module 5- Chapter 13 Quiz Questions WithComplete Solutions
Nurse managers may be asked to set prices for nursing and
related services. Which of the following is not a price-setting
method?
a). Cost-based
b). Market-based
c). Negotiated
d). Price-based Correct Answers d). Price-based
...... ......
If the price for a given health care service is $500 and the
contractual allowance is $150, what is the organization's net
revenue for the service?
a). $150
b). $350
c). $500
d). $650 Correct Answers b). $350
...... .... ..
If a nurse manager knows the charge, the average cost, and the
marginal cost of providing a service and must negotiate a
capitation rate with a customer, what is the lowest rate that
would be acceptable to the manager?
a). Average cost
b). Charge
c). Marginal cost
d). Marginal cost plus average cost Correct Answers c). Marginal
...... ......
cost
What is the Gross Revenue for the Blue Cross patients with the
$500 charge?
, a). $500
b). $2000
c). $3500
d). $5000 Correct Answers d). $5000
...... ......
What Aetna Per-Patient Discount or Contract Allowance yields
the $1400 Net Revenue for the patients with the $1000 charge?
a). $100
b). $300
c). $500
d). $600 Correct Answers b). $300
...... .... ..
How many Medicare patients does the clinic project?
a). 2
b). 10
c). 20
d). 50 Correct Answers d). 50
...... ......
What is the Net Revenue for the Medicaid patients?
a). $5000
b). $7500
c). $10,000
d). $12,500 Correct Answers b). $7500
...... ......
What is the Net Revenue Less Bad Debts for the clinic?
a). $25,650
b). $26,650
c). $27,650
d). $36,000 Correct Answers a). $25,650
...... ......
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