HMGT 3311 Exam Review Ch 1,13,3,&2. All Questions with accurate answers. Rated A+
10 views 0 purchase
Module
HMGT 3311
Institution
HMGT 3311
HMGT 3311 Exam Review Ch 1,13,3,&2. All Questions with accurate answers. Rated A+
What did the Patient Protection and the Affordable Care Act (ACA) do for industry developments? - --Established the "Triple aim"
- Political hot-topic, under constant challenge
What do the Centers for Medicar...
amp2 all questions with accurate answers rated a what did the patient protection and the affordable care act aca do for industry developments established
Written for
HMGT 3311
All documents for this subject (9)
Seller
Follow
QuickPass
Reviews received
Content preview
HMGT 3311 Exam Review Ch 1,13,3,&2.
All Questions with accurate answers.
Rated A+
What did the Patient Protection and the Affordable Care Act (ACA) do for industry developments? - ✔✔-
-Established the "Triple aim"
- Political hot-topic, under constant challenge
What do the Centers for Medicare and Medicaid Services (CMS) aiming to? - ✔✔--Get the right care for
the right patient, every time
- Control costs by moving from a "quantity of care" (" prospective") reimbursement system to a value-
based purchasing (VBP) system (Deficit Reduction Act of 2005)
What did providers do to change the business models? - ✔✔--Controlling costs
-Developing new service offerings
-Implementing information technology
What is the triple aim and is the goals of the healthcare system? - ✔✔-Cost
Access
Quality
What has happened to the population of the uninsured? - ✔✔-It has increased from 36 million to 50
million (2005-2010)
Why was there a decline of uninsured in 2013? - ✔✔-It was due to the ACA
Uncompensated care cost has _______ - ✔✔-risen
,ACA providers insurance coverage for almost all ______ - ✔✔-individuals
Who did the ACA created state insurance exchanges for? - ✔✔-Individual and Small business (pooling
beer power and providing multiple HC options)
What entail in the ACA expand of Medicaid coverage? - ✔✔--Covers all eligible individuals < 65 years of
age
-Controversial state option with reducing federal subsidies
What is the health plan medical loss ration and premium rate reviews of the ACA? - ✔✔-Rebates to
enrollees when total health spending < a threshold (80%-85%: medical spending ➗ premium revenue)
The ACA emphasize _______ ________ and _______ - ✔✔-bundled payments and VBP
The ACA created accountable Care Organizations-Voluntary, What did this include? - ✔✔--Group of
healthcare providers who work together to improve quality of care and reduce costs by keeping patients
healthy
-It initially created to serve Medicare beneficiaries
-Rewarded for reducing cost and improving quality
What are the healthcare industry uncertainty factors? - ✔✔-Health Reform:
-Value-Based Purchasing and ACOS
-Health Insurance Exchanges
-Expanded Medicaid Coverage
-Health Information Technology
Health spending growth has stabilized over the past decade, but still outpaces ____ - ✔✔-CPI
Around _____ of the nations health dollar ($3.8 Trillion) came from Health insurance and Hospital Care
was 31% - ✔✔-73%
, What are the factors contributing to the decreased in costs of care? - ✔✔--VBP
-Management of physician preference in medical devices
-Genric drugs coming onto the market
-More Robust use of Health IT to manage populations and prevent medical errors
-Lean/Six Sigma initiatives
-Informed consumers responsible for more of the cost of care
-Workplace wellness and employer programs
What are the factors contributing to increase in cost? - ✔✔--Emerging medical technology
-Chronic Disease
-Aging population (By 2025, 20% of the population will be 65 or older)
-Influx of participants into the market due to extended coverage and insurance mandate
-Professional liability and malpractice cost
What is the HITECH Act of 2009? - ✔✔-It encouraged investement in electronic health record (EHR)
technology
What did the HITECH ACT do? - ✔✔-It provided incentives to providers to develop meaningful use EHR
technology advancements
How has IT Advancement changed? - ✔✔-Providers are updating outdated cost accounting system to
help better control cost
What is Group Purchasing Organizations in IT? - ✔✔-They have been technology-enabled to pool
healthcare provider volumes and reduce until material costs
Healthcare providers are using _____________ _______ ______ _________ concepts to break down
processes and eliminate inefficient steps - ✔✔-lean thinking & Six Sigma
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card for the summaries. There is no membership needed.
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 QuickPass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.20. You're not tied to anything after your purchase.
