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HCAD 375 Exam 1 Questions with 100% Correct Answers 2024/2025 CA$12.95   Add to cart

Exam (elaborations)

HCAD 375 Exam 1 Questions with 100% Correct Answers 2024/2025

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  • HCAD 375
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  • HCAD 375

HCAD 375 Exam 1 Questions with 100% Correct Answers 2024/2025 What has led to increase healthcare costs? - ANSWERS_ Cost of materials - Labor costs - Rx - Increase in demand What has lead to the decrease in medical costs? - ANSWERS- CMS - Medical tourism - Outpatient care Propriet...

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  • October 16, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • HCAD 375
  • HCAD 375
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HCAD 375 Exam 1 Questions with 100%
Correct Answers 2024/2025

What has led to increase healthcare costs? - ANSWERS_ Cost of materials

- Labor costs

- Rx

- Increase in demand



What has lead to the decrease in medical costs? - ANSWERS- CMS

- Medical tourism

- Outpatient care



Propriety - ANSWERS- Corporate

- Pays taxes

- For profit



Non- profit - ANSWERStax exempt

Patient first

Still needs to be financial responsible



Administrators role in financial management - ANSWERS- Depends on size of the organization

- Could oversee, could be the one doing the math



Managerial Accounting - ANSWERSDay to day basis like budgeting and financial accounts, internal book
keeping



Financial Accounting - ANSWERSEnd of year reports

Used for third- party use

, Bound by GAAP rules



Per Capita Basis - ANSWERSPer person rather than outcome or value based



Cost based - ANSWERSProvider sets the price



Prospective Payment system - ANSWERSPrefixed determined costs to help providers from overcharging



Value based service - ANSWERSBest quality you can get for a cheap cost



Payer mix/ patient mix - ANSWERSheads in beds



Medicare A - ANSWERSInpatient services



Medicare B - ANSWERSphysicians and "outpatient" (what medicare A does not cover) SNFs



Medicare C - ANSWERSAdvantage plan (covers emergency, extra costs, etc.)



Medicare D - ANSWERSDrugs



Payment structure: SNF - ANSWERSPer diem



Payment structure: Hospitals - ANSWERSCase rate



Payment structure: Home health - ANSWERSepisodes of care



Payment structure: professional providers (MD, PTS, etc.) - ANSWERSfee schedule



What are key criteria for Medicare SNF coverage? - ANSWERS65+

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