100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
HFMA (CSAF) Latest Exam Readiness Guide Q & S $14.49   Add to cart

Exam (elaborations)

HFMA (CSAF) Latest Exam Readiness Guide Q & S

 3 views  0 purchase
  • Course
  • HFMA
  • Institution
  • HFMA

HFMA (CSAF) Latest Exam Readiness GuHFMA (CSAF) Latest Exam Readiness Guide Q & S HFMA (CSAF) Latest Exam Readiness Guide Q & S HFMA (CSAF) Latest Exam Readiness Guide Q & S de Q & S

Preview 3 out of 19  pages

  • October 22, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Unknown
  • HFMA
  • HFMA
avatar-seller
testbank11
HFMA



CSAF




LATEST EXAM READINESS
GUIDE
Q&S




©2024/2025

,Question 1

Which of the following is NOT a common cost accounting
method used in healthcare?

(a) Activity-based costing
(b) Variable costing
(c) Absorption costing
(d) Marginal costing

Answer: (d) Marginal costing

Rationale: Marginal costing is not a common cost
accounting method used in healthcare. The other options,
activity-based costing, variable costing, and absorption
costing, are all commonly used in healthcare cost
accounting.

Question 2

What is the primary difference between prospective and
retrospective reimbursement models?

(a) Prospective models are based on historical costs, while
retrospective models are based on future costs.
(b) Prospective models are based on predetermined rates,
while retrospective models are based on actual costs
incurred.
(c) Prospective models are used for inpatient services,
while retrospective models are used for outpatient services.
(d) Prospective models are used by private insurers, while
©2024/2025

, retrospective models are used by government programs.

Answer: (b) Prospective models are based on
predetermined rates, while retrospective models are based
on actual costs incurred.

Rationale: Prospective reimbursement models use
predetermined rates to reimburse providers, while
retrospective models reimburse providers based on the
actual costs they incur.

Question 3

What is the primary purpose of a managed care
organization (MCO)?

(a) To provide healthcare services directly to patients.
(b) To manage the costs of healthcare services.
(c) To advocate for patients' rights.
(d) To conduct research on healthcare delivery.

Answer: (b) To manage the costs of healthcare services.

Rationale: Managed care organizations are designed to
manage the costs of healthcare services by using various
methods, such as contracting with providers, negotiating
discounted rates, and managing utilization.

Question 4

Which of the following is NOT a type of managed care
plan?

©2024/2025

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 testbank11. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82013 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
$14.49
  • (0)
  Add to cart