Fache hc - Study guides, Class notes & Summaries

FACHE Board of Governor’s Finance Exam Questions and Answers Updated Graded 100%. Definition of working capital Amount of cash required to support operations - for the period of delay in collecting revenue. 5 Financial Mgt functions that are essential for survival 1) Financial planning 2) Pricing 3) Mgt of long term capital 4) Mgt of short term assets & liabilities 5) Multiple corporate acct Relation of Finance to the Governing Board The finance system relates directly to the gov'n...

FACHE Board of Governor’s Exam Questions and Answers Latest Update 2024 (Graded A+) Definition of working capital Amount of cash required to support operations - for the period of delay in collecting revenue. 5 Financial Mgt functions that are essential for survival 1) Financial planning 2) Pricing 3) Mgt of long term capital 4) Mgt of short term assets & liabilities 5) Multiple corporate acct Relation of Finance to the Governing Board The finance system relates directly to the gov'...

FACHE - Healthcare (Wk8&9 Study Questions) Purpose of the Physician Organization - ANS-To recruit and retain physicians necessary to provide excellent care to the community 6 Functions of a Physician Organization - ANS-1) Achieve excellent care 2) Credentialing and delineatine Privileges 3) Plan and implement physician recruitment 4) Continuing Education for physicians and other clinical professionals 5) Communicate and resolve unmet needs 6) Negotiate and maintain compensation arrangem...

Definition and Rule of Inurement - answer-- Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? - answer-Less than 50 days Definition of working capital - answer-Amount of cash requir...

FACHE - Healthcare (Wk8&9 Study Questions) Questions and Answers 2023 Purpose of the Physician Organization To recruit and retain physicians necessary to provide excellent care to the community 6 Functions of a Physician Organization 1) Achieve excellent care 2) Credentialing and delineatine Privileges 3) Plan and implement physician recruitment 4) Continuing Education for physicians and other clinical professionals 5) Communicate and resolve unmet needs 6) Negotiate and maintain ...

Definition and Rule of Inurement Correct Answer: - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? Correct Answer: Less than 50 days Definition of working capital Correct Answer...

FACHE WK8 and 9 Healthcare Study Questions and answers graded A+ Name 3 functions of a physician organization? - 1) Improvement of clinical quality and cost expectation 2) Credentialing and privileging of physicians 3) Continuing education for physicians and other clinical professionals Name 2 purposes of the HC Quality Imrovement Act, Title IV of P.L. 100-177 of 1986: - 1) Reduce the chance of incompentent physicians moving to a new location 2) Reduce the chance for physicians to...

Definition and Rule of Inurement - Answer- - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? - Answer- Less than 50 days Definition of working capital - Answer- Amount of cash req...

FACHE - HC Finance Exam Questions and Answers.