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State of Michigan Nursing Home Administrator Exam Questions and Answers 100% Pass $12.49
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State of Michigan Nursing Home Administrator Exam Questions and Answers 100% Pass

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  • Course
  • Nursing Home Administrator
  • Institution
  • Nursing Home Administrator

State of Michigan Nursing Home Administrator Exam Questions and Answers 100% Pass PATIENT TRUST FUNDS - 1) Policy: - 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 provid...

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  • January 17, 2025
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Nursing Home Administrator
  • Nursing Home Administrator
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KatelynWhitman
State of Michigan Nursing Home
Administrator Exam Questions and
Answers 100% Pass


PATIENT TRUST FUNDS - ✔✔


1) Policy: - ✔✔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: - ✔✔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 - ✔✔Quarterly statements including all

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




Katelyn Whitman, All Rights Reserved © 2025 1

,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.




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


Access to Funds - ✔✔


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


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


Accounts - ✔✔


6) Funds: - ✔✔Cannot be CO-MINGLED with any other facility funds (Can with

Residents')


7) Interest Bearing Accounts: - ✔✔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.




Katelyn Whitman, All Rights Reserved © 2025 2

, 8) Designation For Patient Unable To Handle Own Funds: - ✔✔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 - ✔✔Written receipt from new owner acknowledge

receipt of the funds for safeguarding.


10) Surety Bond: - ✔✔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 - ✔✔


11) Department of Community Health (MDCH or DCH) - ✔✔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) - ✔✔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 - ✔✔has this bureau under its department for

oversight of the quality of care within nursing homes through the certification process.




Katelyn Whitman, All Rights Reserved © 2025 3

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