MHA 710 Test BUNDLE

MHA 710 Test 3 Study Questions and answers

MHA 710 Test 2 Many economists consider medical care a superior good. Which of the following statements is true regarding a superior good? As consumer incomes increases, consumers spend more on superior goods. The primary tasks required to conduct a successful cost effectiveness study are all o...

Using the physician-control model to explain hospital behavior leads to which of the following conclusions? Other medical inputs tend to be overused to maximize physicians' productivity Compared to the not-for-profit organizational form, the for-profit environment Allows for the transfer of ass...

What is "economics"? - CORRECT ANSWER-A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - CORRECT ANSWER-1. The central roles of risk and uncertainty 2. The complexities created by insuran...

MHA 710 - Healthcare Economics - Exam 3 2023/2024

MHA 710 - Healthcare Economics - Exam 2 Suppose your assignment is to use the standard time trade-off approach to measure quality of life. You are given the following information. An individual is faced with leaving the remaining 10 years of their life suffering from severe osteoporosis. The ind...

Research indicates that the 2014 expansion of Medicaid has led to a number of unintended consequences including: - CORRECT ANSWER-higher per capita spending on the expansion population than anticipated. Which of the following statements is true about the Medicaid program? - CORRECT ANSWER-The ma...

Suppose you must rely exclusively on cost-effectiveness analysis (CEA) to determine whether a category of people receives an expensive, potentially life-saving, intervention. Which of the following considerations must you keep in mind when making your decision? - CORRECT ANSWER-CEA ignores the p...

Early in U.S. history, health insurance was provided to cover: a. the catastrophic cost of medical care including hospitalization and physicians' services. b. routine physicians' services. c. medical costs due to specific diseases such as tuberculosis and alcoholism. d. hospital expenses. e....

Exam 1 MHA 710 Economists use the term marginal to describe costs and benefits - CORRECT ANSWER-that are incremental and thus relevant to decision making Self-insurance refers to the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance compa...