Mha 710 exam 1 - Study guides, Class notes & Summaries

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MHA 710 Exam 1 UPDATED ACTUAL Questions and CORRECT Answers What is "economics"? - CORRECT ANSWER- A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - CORRECT ANSWER- 1. The central roles of risk and uncertaint

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QUESTION Bundled Payment Answer: Payment of a fixed amount for an episode of care. The payment might cover just hospital care or might include the physician, hospital, and rehabilitation. QUESTION How does coinsurance differ from a co-payment? Answer: Coinsurance is a patient sharing the bill while copayment is a fee that is paid in addition to insurance paying the bill. QUESTION How much of healthcare provider revenue is from insurance payments? Answer: In 2016, they represented 88...

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