Mha 706 module 1 - Study guides, Class notes & Summaries

Healthcare Finance - CORRECT ANSWER-is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting - CORRECT ANSWER-concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization Financial managment - CORRECT ANSWER-provides the theory, concepts, and tools necessary to help managers make better financial decisions Business characteristics ...

Primary role of finance within any organization - Answer: Plan for, acquire, and utilize resources to maximize the efficiency (and hence value) of the enterprise Finance activities include - Answer: - Planning and budgeting - Financial reporting - Capital investment decisions - Financing decisions - Working capital management - Contract management - Financial risk management Finance activities can be summarized in four categories - Answer: - Cost minimization - Cash sufficiency ...

MHA 706 Module 1 (LSUS MHA 706) – Questions & Correct Answers

The major provisions of the Patient Protection and Affordable Care Act of 2010 were: - Answer: a. Free preventative b. Medicaid expansion c. Banning of preexisting condition coverage limitations T/F CFO usually is assisted by a comptroller and treasurer - Answer: TRUE T/F The department is headed by the CFO sometimes called the VP-finance - Answer: TRUE T/F The CFO typically reports directly to the chief executive officer (CEO) - Answer: TRUE In a not-for-profit hospital, the f...

Healthcare Finance - Answer: is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting - Answer: concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization Financial managment - Answer: provides the theory, concepts, and tools necessary to help managers make better financial decisions Business characteristics - Answer: -obtai...

MHA 706 Module 1 (LSUS MHA 706) – Questions & Correct Answers.