100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
(GCU) HCA 240 Health Care Accounting & Billing - Complete Pre-Assessment $11.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Grand Canyon University
  4.  
  5. NURSING

Exam (elaborations)

(GCU) HCA 240 Health Care Accounting & Billing - Complete Pre-Assessment

 5 views  0 purchase

(GCU) HCA 240 Health Care Accounting & Billing - Complete Pre-Assessment (GCU) HCA 240 Health Care Accounting & Billing - Complete Pre-Assessment (GCU) HCA 240 Health Care Accounting & Billing - Complete Pre-Assessment

Preview 3 out of 25  pages

Document information

  • September 9, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Unknown

Subjects

  • gcu hca 240 health care accounting billing c

Written for

All documents for this subject (58)

Seller

avatar-seller
ClemAcademia

Reviews received

Content preview

HCA-240



Health Care Accounting & Billing




COMPLETE PRE-ASSESSMENT




©GCU 2024/2025

,1. Which of the following accounting methods recognizes revenue
and expenses when they are incurred, regardless of when cash is
exchanged?
a) Cash basis accounting
b) Accrual basis accounting
c) Modified cash basis accounting
d) Cost accounting
Answer : b) Accrual basis accounting
Rationale : Accrual basis accounting recognizes revenues and
expenses when they are incurred, regardless of when cash
transactions occur.


2. Which financial statement reports the revenues and expenses
of a healthcare organization during a specific period?
a) Balance sheet
b) Statement of cash flows
c) Income statement
d) Retained earnings statement
Answer : c) Income statement


©GCU 2024/2025

, Rationale : The income statement summarizes the revenues,
expenses, and profits/losses of a healthcare organization over a
period.


3. What is the primary purpose of Activity-Based Costing (ABC)
in healthcare?
a) To measure patient satisfaction
b) To allocate indirect costs more accurately
c) To streamline clinical workflows
d) To improve patient health outcomes
Answer : b) To allocate indirect costs more accurately
Rationale : ABC gives a more accurate distribution of indirect
costs to specific activities, leading to better financial insights.


### Fill-in-the-Blank


4. __________ is the process by which healthcare providers
negotiate contracts with insurance companies to determine
reimbursement rates for specific services.
Answer : Managed care contracting
Rationale : Managed care contracting involves negotiating with
insurers on the terms of reimbursement.


©GCU 2024/2025

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 ClemAcademia. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart