HSM 543 Health Services Finance (HSM543)

HSM 543 QUIZ 1 QUESTIONS AND ANSWERS DEVRY UNIVERSITY HSM 543 QUIZ 1 QUESTIONS AND ANSWERS DEVRY UNIVERSITY Score for this quiz: 20 out of 20 Submitted Sep 3 at 8:59pm This attempt took 24 minutes. (TCO A) Accounting is generally divided into two categories: financial and managerial. Which of the choices best describes managerial accounting? Provides accurate accounting information, primarily historic, in nature to external users Provides accounting information, generally current, to...

HSM 543 Health Services Finance Week 3 Quiz July 2022. Question 1 5 / 5 pts (TCO 3) The breakeven point occurs where: total fixed costs and total revenue intersect Correct! total costs and total revenue intersect total profit margin and total costs intersect total variable costs and total revenue intersect total revenue outpaces total avoidable fixed costs Chapter 14 Question 2 5 / 5 pts (TCO 3) SKF Primary Care Clinic is deciding whether to purchase MRI equipment that wou...

HSM 543 Health Services Finance Week 2 2022 . Week 2 – Thread 1 - Patient Protection and Affordable Care Act (graded) On March 23, 2010, President Barack Obama signed into law the Patient Protection and Affordable Care Act (PPACA), a primary healthcare reform legislation of the 111th U.S. Congress. This new law brings about massive changes in the way that healthcare is delivered and funded in our nation. To say that PPACA is controversial is to utter a huge understatement. Many U.S. state...

HSM 543 Health Services Finance Week 1 Quizzes July 2022. Week 1 Quiz 1. Question : (TCO A) The purpose of financial accounting is to provide information to _____. Student Answer: external users lenders suppliers the government All of the above Instructor Explanation: See Chapter 1, page 5. Points Received: 5 of 5 Comments: Question 2. Question : (TCO A) The most important objective of healthcare financial management is to _____. Student Answer: determine the tax status of the orga...

Question: (COs F and G) List the five factors that were shaping Berman, Kukla, and Weeks’ (1994) views of the future of healthcare. Question: (COs F and G) A number of proposals labeled “patient’s bill of rights” have emerged in the last 7 years, with many states already enacting such legislation. Although patient privacy was an issue, there was an exception for releasing patient information under certain circumstances in the public interest. What was that? Question: (COs F and G) What...

Question: (COs F and G) There are 10 leading health indicators (LHIs) that can significantly impact the amount of care we need and the intensity of that care. Describe two LHIs and how an individual c an improve his or her ability to increase the quality and years of healthy life he or she will have. Question: (COs F and G) What are the two primary goals of Healthy People 2010? Question: (COs F and G) Who is the largest payer in healthcare, and what percentage of total expenditures is its share?...

Question: (TCO D) Which one of the following is not a capital structure ratio? Question: (TCO D) Cash flows can be from operations, financing, or investing. Give an example of a transaction that woul d … included in each of those categories. Question: (TCO D) Define retained earnings. Question : (TCO D) What is included in permanently restricted net assets? Show Less

Question: (CO C) To manage increased risk, HMOs contain costs with aggressive methods of controlling use that do not include Question: (CO C) Although the United States does not have a universal heal th coverage plan, such plans have been discussed and introduced into legislation over the years. The earliest attempt for compulsory health insurance was included in Question: (CO C) Which law established a physician fee schedule? Question: (CO C) The goal of SCHIP is Show Less

Question: (CO D) The difference between operating margin and total margin is which of the following? Question: (CO D) ALOS is used as a key operating indicator. What are some of the factors to be con sidered that can affect the ALOS calculation? Question: (CO D) Discuss the role of explanatory notes. Question: (CO D) Why is a higher value of total asset turnover ratio more desirable Show Less

Question: The difference between operating margin and total margin is which of the following? (CO D) The balance sheet includes three main categories. Give examples of each of the three categories. (H int: Remember the accounting equation.) (CO D) Discuss the role of explanatory notes. (CO D) What is included in permanently restricted net assets? (CO D) The difference between operating margin and total margin is which of the following? Question: (CO D) The balance sheet includes three main categ...