100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
State of Michigan Nursing Home Administrator Exam Study Guide with Complete Solutions $11.49   Add to cart

Exam (elaborations)

State of Michigan Nursing Home Administrator Exam Study Guide with Complete Solutions

 5 views  0 purchase
  • Course
  • Nursing Home Administrator
  • Institution
  • Nursing Home Administrator

State of Michigan Nursing Home Administrator Exam Study Guide with Complete Solutions PATIENT TRUST FUNDS 1) Policy: - Correct Answer️️ -Must have a policy. May state that the facility will not handle monies in excess of $5,000.00. The facility may charge a reasonable fee not to exceed th...

[Show more]

Preview 3 out of 28  pages

  • September 25, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Nursing Home Administrator
  • Nursing Home Administrator
avatar-seller
EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

State of Michigan Nursing Home
Administrator Exam Study Guide with
Complete Solutions

PATIENT TRUST FUNDS


1) Policy: - Correct Answer✔️✔️-Must have a policy.


May state that the facility will not handle monies in excess of $5,000.00.

The facility may charge a reasonable fee not to exceed the ACTUAL COST of providing

service.

2) Required Printed Information: - Correct Answer✔️✔️-This must be given resident upon

admission.

A statement that the facility will handle personnal funds if no other person is available.

Periodic statement of accounts (Minimum: Quarterly)

3) Procedure: American Institute of CPA - Correct Answer✔️✔️-Quarterly statements

including all activity, (A-H) in easily readable form.



Written account of all personal funds held in trust must be sent to the executor,

administrator, rep payee or next of kin within 10 DAYS OF THE DEATH OF A

PATIENT.



1/28

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024



Account must be closed and balance sent to resident within 3 DAYS OF DISCHARGE.

Access to Funds - Correct Answer✔️✔️-

4) Financial records: - Correct Answer✔️✔️-not less than two (2) hours during normal

business hours.

5) Petty Cash: - Correct Answer✔️✔️-during all normal business hours.

Accounts - Correct Answer✔️✔️-

6) Funds: - Correct Answer✔️✔️-Cannot be CO-MINGLED with any other facility funds

(Can with Residents')

7) Interest Bearing Accounts: - Correct Answer✔️✔️-May keep up to $200.00 in a non-

interest bearing account of petty cash fund.



Money in excess of $200.00 shall be deposited in an interest bearing account within 15

days of the date the $200.00 minimum is exceeded.

8) Designation For Patient Unable To Handle Own Funds: - Correct Answer✔️✔️-Facility

notifies the Family Independence Agency, Adult Protective Services in writing when a

mentally incompetent patient has no one to act on his behalf.

9) Sale Or Transfer of Ownership - Correct Answer✔️✔️-Written receipt from new owner

acknowledge receipt of the funds for safeguarding.



2/28

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
10) Surety Bond: - Correct Answer✔️✔️-Not LESS than $2,000.00 or 125% of the

previous year's patient trust funds average balance held, whichever is greater.

Michigan State Plan For Long Term Care - Correct Answer✔️✔️-

11) Department of Community Health (MDCH or DCH) - Correct Answer✔️✔️-DCH is

responsible for the Medicaid Program under contract to the federal agency named

Centers for Medicare and Medicaid Services (CMS).



MDCH also contracts with other departments and agencies to provide specific services.

12) Medical Services Administration (MSA) - Correct Answer✔️✔️-This agency, under

authority of MDCH writes policy, acts as fiscal intermediary, designs categorical

reimbursement programs, audits and authorizes facility-specific reimbursement rates.

13) Bureau of Health Systems: DCH - Correct Answer✔️✔️-has this bureau under its

department for oversight of the quality of care within nursing homes through the

certification process.



The actual certifying agency is CMS. This is accomplished through the surveys and

inspections.

14) Department of Community Health, Bureau of Construction Codes, Office of Fire

Safety. - Correct Answer✔️✔️-DCH contracts with Office of Fire Safety to conduct the Life

Safety Code portion of the survey.

3/28

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82105 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart