Mha 706 module 1 - Study guides, Class notes & Summaries

MHA 706 - MODULE 1 PART 2 A&B EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED For insurance to "work", it must have these basic characteristics (4) -pooling of losses -payment only for random losses -risk transfer -Indemnification Two problems that often arise in insurance -Adverse selection - there is a risk that those with high risk lifestyles or who are predisposed to have higher risk are more likely to purchase insurance. -Moral hazard- is the risk of overuse of...

MHA 706 - Module 1 Quiz Exam – Questions and Answers 2024

MHA 706 - MODULE 1 questions well answered 2024/2025Healthcare 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 undert...

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...

MHA 706 Module 1 (LSUS MHA 706) – Questions & Correct Answers.

The major provisions of the Patient Protection and Affordable Care Act of 2010 were: - Answer: a. Free preventative b. Medicaid expansion c. Banning of preexisting condition coverage limitations T/F CFO usually is assisted by a comptroller and treasurer - Answer: TRUE T/F The department is headed by the CFO sometimes called the VP-finance - Answer: TRUE T/F The CFO typically reports directly to the chief executive officer (CEO) - Answer: TRUE In a not-for-profit hospital, the f...