Exam (elaborations)
Health Care Finance and Budgeting Final questions n answers
- Course
- Institution
Health Care Finance and Budgeting Final questions n answers
[Show more]
Content preview
Health Care Finance and BudgetingFinal
Accurate description of the trend in the US healthcare expenditures - correct answer ✔✔Per capital
health expenditures are projected to increase through 2018.
Health Insurance deductible - correct answer ✔✔The amount of cost a patient must pay during the
benefit plan year prior to the health insurance company paying for care.
Analyzing the trend in source of funds for healthcare expenditures - correct answer ✔✔The proportion
of public funds spent on healthcare is decreasing over time
NOT the result of The Affordable Care Act of 2010 - correct answer ✔✔Patients are only liable for
healthcare expenses up to $100,000
For-profit hospitals - correct answer ✔✔Must pay taxes on their net income
Not-for-profit - correct answer ✔✔NOT what most acute care hospitals are
To maintain tax-exempt status, the not-for-profit hospitals must: - correct answer ✔✔Be organized for
the benefit of a private interest, attempt to influence legislation, Participate in election campaign
activities
Difference between for-profit and not-for-profit - correct answer ✔✔The way the patient care is
distributed
Community benefit provided by a not-for-profit hospital - correct answer ✔✔Smoking cessation
workshops, diabetes screening at a local grocery store, free well-child checkups
, Offers the least amount of flexibility to the enrollee in choosing their healthcare provider - correct
answer ✔✔HMO
A healthcare plan enrollee pays their co payment to which participant in the healthcare business model -
correct answer ✔✔Provider
Not government sponsored healthcare plan - correct answer ✔✔Blue Cross
Individuals that have healthcare coverage by that coverage is not sufficient to pay for their required
health care are called: - correct answer ✔✔Underinsured
Which health plan can providers negotiate with? - correct answer ✔✔Commercial Payers
According to CDC estimates, what portion of children in the near-poor population is not covered by any
health plan? - correct answer ✔✔Less than 10%
Which of the following is true for not-for-profit hospitals? - correct answer ✔✔They are exempt from
federal taxes
The majority of healthcare insurance coverage for US individuals under 65 is obtained: - correct answer
✔✔Through an employer
Balance Billing is: - correct answer ✔✔The practice of billing the patient for any amount not paid by
insurance
Which is the amount paid by a health plan enrollee to receive coverage? - correct answer ✔✔Premium
The preparation and release of financial statements may be characterized as what type of task? - correct
answer ✔✔Financial accounting
The monitoring of budgets and internal cost control may be characterized as what type of task? - correct
answer ✔✔Managerial accouting
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82215 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now