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MHA Comp Exam Practice | 73 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed All of these are guidelines for establishing and preserving long-term relationship except - A. understand the mission, strategic priorities B. try to limit transparency in communicating information C. reach out to stakeholders at the program onset D. keep an open communication flow exchange E. look at shared goals and outcomes Correct Response: B _____ allows health...

MHA 710 - Healthcare Economics - Exam 3 | 112 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Graded A+ In order to be a successful price discriminator, a provider must have a degree of market power (depicted by a downward-sloping demand curve) and meet what other condition(s)? a. Customers cannot know that different prices are being charged. b. Markets must be segmentable, identifying differences in ability to pay. c. Demand for services must be relatively pric...

MHA 710 - Healthcare Economics - Exam 4(Chapters 14 & 16) Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Graded A+ Which of the following statements is true about the Medicaid program? a. The majority of total outlays are for the elderly and disabled. b. Eligibility standards are uniform across all states. c. Everyone in the poverty-level population is eligible for benefits. d. Federal tax revenues provide 100 percent of the program's funding. e. The law places...

MHA 710 Module 1 with 100% Correct Answers | Verified | Latest Updated 2024 | Graded A+ What is "economics"? - A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - 1. The central roles of risk and uncertainty 2. The complexities created by insurance 3. The perils produced by information asymmetries 4. The problems posed by not-for-profit organizations 5. The rapid and confusing...

MHA 710 Module 1 Exam with 100% Correct Answers | Verified | Latest Updated 2024 | Graded A+ public option - A public health insurance plan comparable to Medicaid, designed to compete with private insurance. Uncertainty - A state in which multiple outcomes are possible but the likelihood of any one outcome is not known. Medicare - Health insurance for the elderly provided under an amendment to the Social Security Act. Medicaid - Health insurance for the poor financed jointly by fede...

MHA 710 Exam 1 | 109 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Graded A+ What is "economics"? - A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - 1. The central roles of risk and uncertainty 2. The complexities created by insurance 3. The perils produced by information asymmetries 4. The problems posed by not-for-profit organizations 5. The rapid...

MHA 708 Study Quiz 1 with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed The value of all goods and services produced within a country for a given period; a key indicator of the country's economic activity and financial well-being - gross domestic product health as "not merely the absence of disease or infirmity but a state of complete physical, mental and social well-being. - WHO Anticipated number of years of life remaining at a given age. - Life expectancy ...

MHA 707 Exam D | 108 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed a cottage industry Engaged in by physicians and their assistants, largely students (apprentices) - At the beginning of the 20th century, health care in the United States was predominantly: When the 20th century opened: - -Doctors were mostly solo practitioners -Hospitals were single, independent entities, mostly non-profit History of Incremental Change: - Long-term care for the...

MHA 707 Exam D Study Guide | Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed opening of 20th century - -doctors were solo practitioners -hospitals were single, independent entities, mostly non-profit -long term care for the elderly was largely home-based -pharmaceutical and medical device manufacturing was a small business 1847 - founding of American Medical Association (AMA) AMA - -established standards for preliminary medical education for the d...

MHA 707 Exam C | 89 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed Nonmarketability of risks - Inherent I medicine and medical practice health insurance. Moral hazard - behaving differently when you know someone else is taking the risk (induced demand) Adverse selection - The sicker people likely want more insurance (the healthier, less) Pooling of risk - Sharing risk proportionately among many is a basic insurance concept Financing health care ...