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Healthcare Finance Exam 1 questions well answered already passed
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Healthcare Finance Exam 1 questions well answered already passed
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Healthcare Finance Exam 1Which of the following statements about Medicare reimbursement of physicians is most correct? -
correct answer ✔✔The payment is based on relative value units (RVUs).
Pay-for-performance (P4P) plans typically ________________________________. - correct answer
✔✔reward providers for meeting specified quality (and sometimes cost) standards
True or false: Form 990 is a report filed with state regulators that is used to rank hospitals based on
patient satisfaction. - correct answer ✔✔False
Which of the following statements about not-for-profit corporations is most correct? - correct answer
✔✔They can issue tax-exempt (municipal) debt
True or false: Because the organizational and financial goals of for-profit and not-for-profit provider
organizations differ, their financial decision-making processes lead to very different decisions. - correct
answer ✔✔False
Assume that John Richards pays income taxes at a 30 percent rate. He currently owns a not-for-profit
(municipal) bond that pays 5 percent interest. What interest rate would have to be set on a for-profit
(corporate) bond to produce the same amount of usable (after-tax) income? - correct answer ✔✔7.1
percent
True or false: The four Cs (character, capability, charisma, and courtesy) as described in the textbook
summarize the attributes needed to be a good financial manager. - correct answer ✔✔False
From a provider's perspective, which of the following third-party payment methods has utilization risk? -
correct answer ✔✔Capitation
Which of the following statements about coding is incorrect? - correct answer ✔✔Coders typically are
registered nurses who receive special training
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