,1. Multiple Choice: What is the primary goal of healthcare
financial management?
a) Maximizing staff satisfaction
b) Minimizing operational costs
c) Maximizing shareholder wealth
d) Ensuring patient care quality
Answer: d) Ensuring patient care quality
Rationale: The primary goal is to ensure that the delivery
of healthcare services is effective and efficient, which
directly impacts patient care quality.
2. Fill-in-the-Blank: The ________ model is a method used
to predict the financial viability of healthcare projects.
Answer: Feasibility
Rationale: The feasibility model helps in assessing the
potential success or failure of a project based on financial
projections and analysis.
3. True/False: The capitation payment model is based on
the quantity of healthcare services provided.
Answer: False
Rationale: Capitation payment models are pre-arranged
payments received per patient regardless of the number of
services provided, focusing on the quality rather than the
quantity of care.
, Answers: a) Charge capture, b) Claims processing
Rationale: Charge capture and claims processing are
integral to the revenue cycle, ensuring that services are
billed and payments are collected efficiently.
5. Multiple Choice: In healthcare financial management,
what does the term 'payer mix' refer to?
a) The ratio of nurses to patients
b) The diversity of payment methods accepted
c) The distribution of a healthcare provider's revenue
sources
d) The mix of medical services offered
Answer: c) The distribution of a healthcare provider's
revenue sources
Rationale: Payer mix refers to the percentage of revenue
coming from different payer types, such as private
insurance, Medicare, and Medicaid, which affects financial
planning and revenue projections.
6. Fill-in-the-Blank: ________ is the financial metric used to
measure the liquidity of a healthcare organization.
Answer: Current ratio
Rationale: The current ratio, calculated by dividing current
assets by current liabilities, is a key indicator of a healthcare
organization's ability to meet short-term obligations.
7. True/False: A higher Days in Accounts Receivable (A/R)
indicates a more efficient revenue cycle.
Answer: False
Rationale: A higher Days in A/R means it takes longer for
the organization to collect payments, which can indicate
inefficiencies in the revenue cycle management.
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