Hadm 3351 Study guides, Class notes & Summaries

HADM 3351 - Extensive Exam 1 Review (2023/2024) Already Passed is the provision of health care services by a group of at least three licensed physicians engaged in a formally organized and legally recognized entity: sharing equipment, facilities, common records, and personnel involved in both patient care and business management." Medical group practice A group practice involves two or more physicians who all provide medical care within the same facility. Medical group practice What type of ...

Clayton Act - Defines unethical business practices, such as prefixing, monopolies, and various rights groups How does physician training condition physicians to think about patient care? - Helps them think of quality management and evaluation and how it reflects on the care of the patients If you have a shared partnership model, what should the focus of the partnership be? Does that focus include hospitals and physicians to meet with a shared strategy? - Open communication about shared val...

HADM 3351 Test 2 Latest Update Rated A+ What is Cash Basis It recognizes revenue when payment is received and records expenses when paid What is accrual basis Recognizes revenue when earned and records expenses when incurred Does sole proprietorship use accrual or modified cash basis? Modified cash basis what accounting structure does larger practices use? Accrual Which type of organizational structure is treated differently under the IRS tax code? Not-for-profit What is months revenue in a...

HADM 3351 TEST 2 QUESTIONS AND ANSWERS RATED A What accounting structure is used for small practices? Cash Basis What accounting structure is used for larger practices? Accrual Basis What is capitation? Method of payment where the third-party payer (HMO or insurance) pays the provider group a set rate per member per month for a specific set of medical services. What is the purpose of gross collection percentage? Measures the percentage of gross charges for which cash payments are received Wh...

HADM 3351 Test 2 Review (2023/2024) 100% Pass RBRVS is made up of which 3 objectives? 1. Professional work 2. Practice expense 3. Malpractice Understanding Cash and accrual and who might use each one. - The cash basis recognizes revenue when payment is received and records expenses when paid, the cash basis standard most likely had its roots in small practices and sole proprietorship. - The accrual method recognizes revenue when earned and records expenses when incurred, the large number of med...

HADM 3351 Test 3 Questions and Answers Already Passed Clayton Act Defines unethical business practices, such as prefixing, monopolies, and various rights groups How does physician training condition physicians to think about patient care? Helps them think of quality management and evaluation and how it reflects on the care of the patients If you have a shared partnership model, what should the focus of the partnership be? Does that focus include hospitals and physicians to meet with a shared s...

is the provision of health care services by a group of at least three licensed physicians engaged in a formally organized and legally recognized entity: sharing equipment, facilities, common records, and personnel involved in both patient care and business management." - Medical group practice A group practice involves two or more physicians who all provide medical care within the same facility. - Medical group practice What type of group practice requires a highly integrated structure an...

RBRVS is made up of which 3 objectives? - 1. Professional work 2. Practice expense 3. Malpractice Understanding Cash and accrual and who might use each one. - - The cash basis recognizes revenue when payment is received and records expenses when paid, the cash basis standard most likely had its roots in small practices and sole proprietorship. - The accrual method recognizes revenue when earned and records expenses when incurred, the large number of medical groups that have been by hospita...

HADM 3351 Test 3 Study Questions and Answers Graded A 2024