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MHA 702 Chapter 10-12 Questions and Answers Already Passed $9.99   Add to cart

Exam (elaborations)

MHA 702 Chapter 10-12 Questions and Answers Already Passed

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MHA 702 Chapter 10-12 Questions and Answers Already Passed Question: What are the primary sources of revenue for most healthcare organizations? Answer: The primary sources of revenue include patient services, government reimbursements such as Medicare and Medicaid, private insurance paymen...

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  • August 13, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MHA 702
  • MHA 702
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MHA 702 Chapter 10-12 Questions and
Answers Already Passed

Question: What are the primary sources of revenue for most healthcare organizations?


Answer: ✔✔ The primary sources of revenue include patient services, government

reimbursements such as Medicare and Medicaid, private insurance payments, and out-of-pocket

payments from patients.




Question: How does value-based care differ from fee-for-service in healthcare reimbursement

models?


Answer: ✔✔ Value-based care focuses on rewarding healthcare providers for delivering quality

care and improving patient outcomes, whereas fee-for-service reimburses providers based on the

quantity of services provided, regardless of outcomes.




Question: What role do healthcare administrators play in managing financial risk?


Answer: ✔✔ Healthcare administrators manage financial risk by overseeing budget planning,

implementing cost-control measures, negotiating contracts with insurers, and ensuring that the

organization complies with regulations to avoid penalties.




Question: What are some common methods used by healthcare organizations to control costs?


1

,Answer: ✔✔ Common methods include implementing more efficient care delivery models,

reducing administrative overhead, renegotiating supply contracts, and adopting technology to

streamline operations and reduce errors.




Question: What impact do changes in healthcare policy have on organizational strategy?


Answer: ✔✔ Changes in healthcare policy can significantly impact organizational strategy by

altering reimbursement rates, introducing new regulatory requirements, and shifting the focus of

care from treatment to prevention, which may require adjustments in service delivery models.




Question: How do healthcare administrators ensure compliance with federal and state

regulations?


Answer: ✔✔ Administrators ensure compliance by staying informed about relevant laws,

conducting regular compliance audits, implementing robust internal policies, and providing

ongoing staff training on legal and ethical standards.




Question: What are the challenges of implementing an electronic health record (EHR) system in

a healthcare organization?


Answer: ✔✔ Challenges include the high cost of implementation, the need for staff training,

ensuring data security and privacy, integrating the EHR with existing systems, and managing the

change process within the organization.


2

, Question: How can healthcare organizations improve their financial performance while

maintaining high-quality patient care?


Answer: ✔✔ Organizations can improve financial performance by optimizing resource use,

reducing waste, improving billing processes, enhancing patient throughput, and focusing on

preventive care to reduce costly interventions.




Question: What strategies can be used to improve patient engagement in healthcare settings?


Answer: ✔✔ Strategies include providing clear and accessible information about health

conditions and treatments, using technology such as patient portals for communication, involving

patients in decision-making, and offering personalized care plans.




Question: What is the significance of strategic planning in healthcare management?


Answer: ✔✔ Strategic planning is significant as it helps healthcare organizations set long-term

goals, allocate resources efficiently, respond proactively to changes in the healthcare

environment, and ensure that they are meeting the needs of their patients and stakeholders.




Question: How does healthcare regulation impact the quality of care provided by healthcare

organizations?




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