1. The major provisions of the Patient Protection -Banning of preexisting
& Affordable Care Act of 2010 were? condition coverage limita-
tions
-Free preventative care
-Medicaid expansion
2. Which of the following statement(s) about the -The CFO typically reports
finance department a t large healthcare orga- directly to the chief execu-
nizations is/are correct? tive officer (CEO)
-The CFO is usually as-
sisted by a comptroller
and treasurer
-The department is head-
ed by the chief finan-
cial officer (CFO) (some-
times called the vice pres-
ident-finance)
3. In a not-for-profit hospital, the following are -Vendor
example(s) of a stakeholder. -Employee
-Community
4. Stockholders have all of the following -Claim on residual liquida-
right(s)... tion proceeds
-Right of control
-A possible dividend
and/or capital gains
5. Which of the following statements about fi- Financial management
nance accounting, and financial management provides the theory, con-
is most correct? cepts, and tools neces-
sary to help managers
make better financial deci-
sions.
6. External reporting What is a DISADVAN-
TAGE of being a corpora-
tion?
, LSUS MHA 706 Midterm
7. Facilities management Which of the following are
not finance activities?
8. What is NOT a advantage of proprietorship? Unlimited liability
9. A not-for-profit corporation can also be called False
a 529(b).
10. The primary goal of investor-owned corpora- True
tions is shareholder wealth maximization.
11. Copayments 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. Coinsurance Requires an individual to
pay for a certain percent-
age of the eligible medical
expenses.
13. Adverse selection Individuals at greater risk
of needing health care are
more likely to purchase in-
surance.
14. Deductibles The amount that must be
paid out of pocket by the
policyholder before an in-
surance provider will pay
any expenses.
15. Moral hazard The risk of overuse of
health services because
the insured does not bear
the full cost of the conse-
quences.
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 CodedNurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
