Lsus mha 706 exam Study guides, Class notes & Summaries

MHA 706 Module 1 Exam/Questions and Answers (LSUS MHA 706)

LSUS MHA 706 FINAL AND MIDTERM EXAM 2024 FINANCIAL MANAGEMENT MIDTERM ALL QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+ PROFESSOR VERIFIED

Under the broad category of fee-for-service (FFS), what are the three main types of fee-for- service methodologies that were discussed in class? -Cost-Based -Charge-Based -Prospective Payments Select all of the TRUE statements about ICD Codes. -The greater the number of digits in the code, the more detailed the disease. -The codes currently consist of 3, 4, 5, 6, or 7 digits/characters -ICD- stands for International Classification of Diseases -ICD-10 is the current standard

QUESTIONS AND ANSWERS

LSUS MHA 706 MIDTERM EXAM 2024– QUESTIONS AND CORRECT DETAILED ANSWERS AGRADE

QUESTIONS AND ANSWERS

1. The major provisions of the Patient Protection & Affordable Care Act of 2010 were?Answer: -Banning of preexisting condition coverage limitations -Free preventative care -Medicaid expansion 2. Which of the following statement(s) about the finance department a t large healthcare organizations is/are correct?Answer: -The CFO typically reports directly to the chief executive officer (CEO) -The CFO is usually assisted by a comptroller and treasurer -The department is headed by the chief finan...

1. Cost Driver is the... Answer: basis cost pool will be allocated 2. Cost Pool is the... Answer: overhead amount to be allocated 3. Overhead Departments are... Answer: often called cost centers 4. Indirect Costs Answer: Costs of shared resources used by the entire organization 5. Patient Service Departments are... Answer: often called revenue centers 6. Direct Costs are... Answer: costs unique and exclusive to a department 7. "Dollars in the Cost Pool" / "Total Volume of Cost Driver" ...

QUESTIONS AND ANSWERS