Mha 706 4 - Study guides, Class notes & Summaries

MHA 706 Module 4 – Questions With Complete Solutions

MHA 706 - MODULE 1Healthcare finance is the practice of finance including both accounting and financial management, within health services organizations. Accounting concerns the measurement in financial terms of events that reflect the resources, operations, and financing of an organization. Financial management provides the theory, concepts, and tools necessary to help managers make better financial decisions. Pure charity refers to an undertaking for a charitable purpose onl...

MHA 706 Module 4 – Questions With Complete Solutions

MHA 706 Module 4 | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Patient Service Departments - Answer -Are often called revenue centers Indirect Cost - Answer -Are cost associated with shared resources used by the entire organization Direct Costs - Answer -Are costs unique and exclusive to a department Overhead departments - Answer -Are often called costs centers Cost Pool - Answer -Is the overhead a

LSUS MHA 706 MIDTERM /FINANCIAL MANAGEMENT MIDTERM/ LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS 1. The major provisions of the Patient Protection & Affordable Care Act of 2010 were? 2. Which of the following statement(s) about the finance department a t large healthcare orga- nizations is/are correct? 3. In a not-for-profit hospital, the following are example(s) of a stakeholder. 4. Stockholders have all of the following right(s)... 5. Which of...

Patient Service Departments - Are often called revenue centers Indirect Cost - Are cost associated with shared resources used by the entire organization Direct Costs - Are costs unique and exclusive to a department Overhead departments - Are often called costs centers Cost Pool - Is the overhead amount to be allocated Cost Driver - Is the basis on which the cost pool will be allocated

MHA 706 Module 4 – Questions With Complete Solutions Patient Service Departments - CORRECT ANSWER-Are often called revenue centers Indirect Cost - CORRECT ANSWER-Are cost associated with shared resources used by the entire organization Direct Costs - CORRECT ANSWER-Are costs unique and exclusive to a department Overhead departments - CORRECT ANSWER-Are often called costs centers Cost Pool - CORRECT ANSWER-Is the overhead amount to be allocated Cost Driver - CORRECT ANSWER-Is the basi...

MHA 706 Module 4

MHA 706: MOD 5 - LONG TERM DEBT FINANCING EXAM QUESTIONS WITH VERIFIED ANSWERS What are the 4 Primary Factors that Influence the general level of interest rates? - Investment opportunities - time preference for consumption - risk - inflation expectations What is the relation between INTEREST RATE and INVESTMENT OPPORTUNITIES? More opportunities, higher interest rate What is the relation between INTEREST RATE and TIME PREFERENCE? Less time horizon, greater interest rate What is the rela...

MHA 706 - MODULE 1 PART 2 A&B EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED For insurance to "work", it must have these basic characteristics (4) -pooling of losses -payment only for random losses -risk transfer -Indemnification Two problems that often arise in insurance -Adverse selection - there is a risk that those with high risk lifestyles or who are predisposed to have higher risk are more likely to purchase insurance. -Moral hazard- is the risk of overuse of...