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HSMA 4055 Ch 1- 5 quiz questions fully solved & updated 2025.
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HSMA 4055 Ch 1- 5 quiz questions fully solved & updated 2025.
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HSMA 4055 Ch 1-5 quiz questions
fully solved &
updated 2025
which of the following statements about r which of the following
statements about regulatory and legal issues is most correct?
A. States require licensure of certain healthcare providers to limit the
number of providers.
B. The goal of certificate-of-need (CON) regulation is to ensure that there
are a sufficient number of clinical workers at each hospital and nursing
home.
C. Clinicians who are employees of hospitals do not require personal
licenses, as they can practice under the umbrella of the hospital's license.
D. For most providers, the primary legal concern is professional liability.
E. Healthcare managers must grapple with several legal issues, but there
are virtually no ethical issues that arise. - answer D
,The ACA is to be phased in over 10 years. The initial impetus and primary
focus of the ACA was:
increasing access to care
improving quality of care
containing costs
All of the above - answer All of the above
In the United States, the highest proportion of healthcare expenditures is
for - answer hospital care
True or False: The U.S. government is a major stakeholder and participant
in health care as payer, provider, and supporter of research, education and
training. - answer True
Which of the following is not a finance activity?
Planning and budgeting
Revenue cycle management
Financial reporting
Financial risk management
Facilities management - answer Facilities management
,True or False: Key stakeholders in the health care system include
providers, nurses, suppliers, hospitals, and retail clinics. - answer True
True or False: The Patient Protection and Affordable Care Act (ACA) is also
known as Obamacare because it was legislated during the presidency of
President Barack Obama. - answer True
True or False: Many studies have demonstrated that integrated delivery
systems are able to provide higher-quality care at lower cost than can
stand-alone specialized provider organizations. - answer False
A considerable barrier to obtaining insurance for young adults was
originally addressed with the ACA in the mandatory requirement of
insurance for all. to that end, the law specifically provided: - answer
coverage for young adults between 19 and 26 on their parents' policies
ACA stipulates which of the following entities are eligible to participate as
ACOs:
Professionals in group practice arrangements and networks of individual
practices of professionals
Partnerships or joint ventures between hospitals and health professionals
or hospitals employing professionals
Other groups of providers of services and suppliers as the Secretary
determines appropriate
All of the above - answer All of the above
True or False: The role of finance in healthcare organizations has increased
in importance over time because the finance function must support a
multitude of activities such as cost containment, payer negotiations, and
joint venture activities. - answer True
, True or False: The ACA was challenged in court in 2010 when over 25
states sued the Federal government and lost over the constitutionality of
the individual mandates and Medicaid expansion - answer True
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. - answer False
Which of the following statements about the finance department at a large
healthcare organization is most correct?
The department is headed by the chief financial officer (CFO) (sometimes
called the vice-president finance).
The CFO typically reports directly to the chief executive officer (CEO).
The CFO usually is assisted by a comptroller and treasurer.
The comptroller and treasurer often have managers under them
responsible for specific functions such as patient accounts management
and cash management.
All of the above - answer All of the above
True or False: Those with generous insurance plans tend to utilize health
care resources therefore to rein in costs; the ACA limits insurance
companies to spend percentages of premiums on reimbursable services
and activities. - answer True
The single largest payer group for health care services is - answer
Government
Which of the following statements about hospitals is most correct?
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