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Healthcare Finance Exam 1 questions with complete solutions $12.99   Add to cart

Exam (elaborations)

Healthcare Finance Exam 1 questions with complete solutions

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  • Healthcare Finance

Healthcare Finance Exam 1 questions with complete solutions

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  • September 3, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Healthcare Finance
  • Healthcare Finance
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BravelRadon
Healthcare Finance Exam 1

Almshouses - correct answer ✔✔19th century

People who were sick and for people without family to take care of them

maintained by local communities



Pesthouses - correct answer ✔✔19th century

People with infectious diseases

Quality of care was marginal

Maintained by local communities



Marine Hospitals - correct answer ✔✔19th century

Established by the federal government

Take care of sailors who didn't have family

First example of federal healthcare



EMTALA - correct answer ✔✔Emergency Medical Treatment And Act of Labor Act

Prohibited hospitals to turn away people (from ER) without money

Has to provide charity care

If hospital accumulated bad debt, would spread cost to paying patients



Affordable Care Act - correct answer ✔✔2009.

Bill aimed at providing insurance to the uninsured

Improve the overall accessibility and quality of the US Healthcare system

Expands medicaid and closest to universal healthcare



Public Health Prevention Act - correct answer ✔✔Does not exist

, The fund -- Nation's first mandatory funding stream dedicated to improving our nation's health system,
part of ACA



Mental Health Parity Act - correct answer ✔✔1996. Made sure that health insurance policies included
and covered care for mental health, but not full coverage



Medicare - correct answer ✔✔Care/ coverage of insurance for eldery, those with end stage renal
disease, and ALS



Medicare part A Hospital services - correct answer ✔✔Inpatient care in hospitals

Rehabiliation hospitals

Long term care hospitals

Hospice

Home health care services

Skilled nursing facilities(not for custodial care or long-term care)

unlimited visits by home health agency



How is medicare financed? - correct answer ✔✔General revenue, beneficiary premiums, payroll tax
contributions



Fraud - correct answer ✔✔Intentional misrepresentation of fact designed to induce reliance by another
(criminal and civil penalties)



Abuse - correct answer ✔✔Unintentional misrepresentation of fact (civil penalties)



DRG - correct answer ✔✔Help to control cost

Uses codes to what treatments are for certain diseases

Specific payment amount for each diagnosis related groups vs. cost based reimbursement



Efforts to control cost (2) - correct answer ✔✔DRG

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