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CHFP PRACTICE TEST EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++
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CHFP PRACTICE TEST EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ What are the key factors that have contributed to the higher cost of healthcare? Contributing key factors to increased health care costs: Technology Aging population Chronic disease Litigation What changed the...

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  • November 7, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • chfp practice test exam questions and answers with

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  • CHFP
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CHFP PRACTICE TEST EXAM QUESTIONS AND ANSWERS WITH

COMPLETE SOLUTIONS GRADED A++


What are the key factors that have contributed to the higher cost of healthcare?

Contributing key factors to increased health care costs:

Technology

Aging population

Chronic disease

Litigation

What changed the basis of payment for hospital OP services from a flat fee for

individual services to fixed reimbursement for bundled services?

Ambulatory payment classifications (APC)

What is cost shifting?

When providers try to get one payer to pay for costs that have not been covered by

another payer

True or False:

The combination of age and technology has increased cost with the passage of

time.

True

Aging population and technology are to the 4 key factors to increased cost.

What is Medicare Part D?

, Prescription drug coverage program available to all Medicare beneficiaries. Private

companies approved by Medicare provide the coverage.

What is the definition of compliance?

The need to abide by governmental regulations, whether they are for the provision of

care, billing, privacy accounting standards, security or the like.

What is the impact of litigation on providers?

Increased insurance premiums that providers have to pay malpractice insurers to cover

the cost of defending against the lawsuits and paying large jury awards.

What is the federal law setting compliance regulations to ensure standardization

of billing, privacy and reporting as institution convert to electronic systems?

Health Insurance Portability and Accountability Act (HIPAA)

What is the federal legislation designed to tighten accounting standards in

financial reporting and that holds top executives personally liable as to the

accuracy and fairness of their financial statements?

Sarbanes-Oxley Act (SOX)

What does the Stark Law prohibit?

Stark Law legislation enacted by CMS to guard against providers ordering self-referrals

for MCR or MCD patients directly to settings in which they have a vested financial

interest.

What are the factors of Uninsured on health care?

1. Healthcare insurance premiums becoming too costly

2. Individuals being screened out of insurance policies

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