1. The major provisions of the Patient Protection & Affordable Care Act of 2010 were?Answer: -Banning of preexisting condition coverage limitations
-Free preventative care
-Medicaid expansion
2. Which of the following statement(s) about the finance department a t large healthcare organizations i...
1. The major provisions of the Patient Protection & Affordable Care Act of
2010 were?Answer: -Banning of preexisting condition coverage
limitations
-Free preventative care
-Medicaid expansion
2. Which of the following statement(s) about the finance department a t
large healthcare organizations is/are correct?Answer: -The CFO typically
reports directly to the chief executive officer (CEO)
-The CFO is usually assisted by a comptroller and treasurer
-The department is headed by the chief financial officer (CFO)
(sometimes called the vice president-finance)
3. In a not-for-profit hospital, the following are example(s) of a
stakeholder.Answer: -
-Vendor
-Employee
-Community
4. Stockholders have all of the following right(s)...Answer: -Claim on
residual liquidation proceeds
-Right of control
-A possible dividend and/or capital gains
5. Which of the following statements about finance accounting, and
financial management is most correct?Answer: Financial management
provides the theory, con- cepts, and tools necessary to help managers
make better financial decisions.
6. External reportingAnswer: What is a DISADVANTAGE of being a
corporation?
7. Facilities managementAnswer: Which of the following are not finance
activities?
8. What is NOT a advantage of proprietorship?Answer: Unlimited liability
9. A not-for-profit corporation can also be called a 529(b).Answer: False
10.The primary goal of investor-owned corporations is shareholder
wealth maximization.Answer: True
11.CopaymentsAnswer: The fixed amount for a covered service that the
insurer mandates that the patient pay to the provider before the patient
receives service from the provider.
12.CoinsuranceAnswer: Requires an individual to pay for a certain
percentage of the eligible medical expenses.
13.Adverse selectionAnswer: Individuals at greater risk of needing
health care are more likely to purchase insurance.
2/
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 EFT, credit card or Stuvia-credit 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R253,28. You're not tied to anything after your purchase.
