Mha 706 financial Study guides, Class notes & Summaries

NEW MHA 706 FINANCIAL MANAGEMENT ACTUAL EXAM 2024 200 QUESTIONS AND CORRECT ANSWERS (GRADED PASS) Ch 02A - 1 Which of the following activities are business characteristics? a. Raises money in the capital markets. b. Uses money raised to purchase assets such as land, buildings, and equipment. c. Uses the purchased assets to create goods and/or services. d. Sustains itself financially by selling the goods and/or services produced. e. All of the above are business characterist...

MHA 706 Module 2 (LSUS MHA 706) Financial Accounting - CORRECT ANSWER-involves identifying, recording and communicating the operational results and status of organization. (i.e. income statement, statement of changes in equity, balance sheet, and statement of cash flows) Do not for profit organizations have to prepare financial statements? - CORRECT ANSWER-Yes- they also have stakeholders and managers that have an interest in financial reporting Should the preparation and presentation of...

LSUS MHA 706 Midterm Exam Questions And Answers The major provisions of the Patient Protection & Affordable Care Act of 2010 were? -Banning of preexisting condition coverage limitations -Free preventative care -Medicaid expansion Which of the following statement(s) about the finance department a t large healthcare organizations is/are correct? -The CFO typically reports directly to the chief executive officer (CEO) -The CFO is usually assisted by a comptroller and treasurer -The d...

MHA 706 FINANCIAL MANAGEMENT FINAL EXAM AND STUDY GUIDE NEWEST VERSION 2024 /2025 ACTUAL EXAM 100 QUESTIONS AND CORRECT ANSWERS (100%) |ALREADY GRADED A+ Moral Hazard - -the risk of overuse of health services because the insured does not bear the full cost of the consequences copayments - -the fixed amount for a covered service that the insurer mandates that the patient pay to the provider before the patient receives services from the provider Medicare Part A - -covers...

MHA 706 FINANCIAL MANAGEMENT MIDTERM EXAM AND STUDY GUIDE NEWEST version 2024/2026ACTUAL EXAM 100 QUESTIONS AND CORRECT ANSWERS (100%) |ALREADY GRADED A+ Reimbursement methods (fee-for-service vs. capitation) - >>>-Fee for Service: payment is tied to amount of services provided. (Decades ago) *Dental industry* Capitation: payment is tied to the size of the covered population (number of enrollees) Payment is based on per # per month. *Decreasing utilization* Population is ...

MHA 706 Module 1: Parts 1 & 2 Healthcare finance - correct answer This is the practice of finance, including both accounting and financial management, within health services (provider) organizations Accounting Financial management - correct answer _______ concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financing of an organization. _______ ______provides the theory, concepts, and tools necessary to help managers make better ...

MHA 706 - MODULE 1Healthcare finance is the practice of finance including both accounting and financial management, within health services organizations. Accounting concerns the measurement in financial terms of events that reflect the resources, operations, and financing of an organization. Financial management provides the theory, concepts, and tools necessary to help managers make better financial decisions. Pure charity refers to an undertaking for a charitable purpose onl...

NEW MHA 706 FINANCIAL MANAGEMENT ACTUAL EXAM 2024 200 QUESTIONS AND CORRECT ANSWERS (GRADED PASS) Ch 02A - 1 Which of the following activities are business characteristics? a. Raises money in the capital markets. b. Uses money raised to purchase assets such as land, buildings, and equipment. c. Uses the purchased assets to create goods and/or services. d. Sustains itself financially by selling the goods and/or services produced. e. All of the above are business characterist...

MHA 706 - MODULE 2Financial accounting involves identifying, recording, and communicating the operation results and status of an organization. Financial accounting information is conveyed by financial statements- the four most important are: -Income statement -Statements of changes in equity. -Balance sheet -Statement of cash flows The point of finance is understanding the financial data, and then using it to analyze the financial condition of an organization. Financial acco...

Healthcare Finance MHA 706 Individuals at greater risk of needing health care are more likely to purchase insurance - correct answer Adverse selection Healthcare Finance - correct answer the practice of finance, including both accounting AND financial management Accounting - correct answer the measurement, in financial (dollar) terms of events that reflect the resources, operations, and financing of an organization Financial Management - correct answer provides the theory, concepts...