HSHA 439 Capstone Finance and Economics Review || All Questions Answered Correctly.
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Course
HSHA 439 Capstone Finance and Economics
Institution
HSHA 439 Capstone Finance And Economics
Distinguish between financial accounting and managerial accounting. correct answers Financial Accounting is defined as a branch of accounting that entails the process of recording, summarizing, and reporting a large number of transactions occurring from business operations over time.
Managerial ...
HSHA 439 Capstone Finance and Economics Review || All
Questions Answered Correctly.
Distinguish between financial accounting and managerial accounting. correct answers Financial
Accounting is defined as a branch of accounting that entails the process of recording,
summarizing, and reporting a large number of transactions occurring from business operations
over time.
Managerial Accounting is the process of "identifying, measuring, analyzing, and interpreting
accounting data" that assists business executives in making smart financial decisions and
efficiently managing their day-to-day operations.
Distinguish between the electronic health record (EHR) and the electronic medical record
(EMR). correct answers Electronic Health Records (EHR) are concerned with a patient's general
health, going beyond the usual clinical data collected in the doctor's office to provide a more
comprehensive picture of the patient's care.
Electronic Medical Records (EMR) are a computerized version of the clinician's paper charts. An
EMR stores the medical and treatment histories of patients in a single practice.
Know the four parts of the Medicare program, Parts A through D. correct answers -provides
inpatient/hospital coverage
-provides outpatient/medical coverage.
-offers an alternate way to receive your Medicare benefits
-provides prescription drug coverage.
What is Title XVIII of the Social Security Act commonly known as? correct answers Medicare
program
Explain what is meant by 'payer mix' when referring to sources of healthcare revenue. correct
answers Payer Mix refers to the proportion of patients who have government-sponsored health
insurance, such as Medicare and Medicaid, as opposed to commercial or "private" insurance.
What is Title XIX of the Social Security Act commonly known as? correct answers Medicaid
program
Explain the purpose of health maintenance organizations (HMO) and preferred provider
organizations (PPO). correct answers Health Maintenance Organizations (HMOs) provide
medical care on a subscription basis, which means that members pay a set monthly price
regardless of the amount of medical care they require in a given month.
PPOs do not require a referral from a primary care physician and allow participants to go outside
of the provider network at their leisure.
What was the first organized health insurance company? correct answers Blue Cross
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