HSA 358 exam 3

what are emotional social competencies?

"those emotional abilities, social skills, personality traits, motivations, interests, goals, values, attachment styles, and life narratives that can contribute to (or detract from) effective performance across a variety of positions."

Residency training lasts from ________, depending on the specialty.

3 to 10 years

32. Which of the following is a purpose of Working Capital Management?

ALL OF THE ABOVE -Conserve cash by cutting organization's financing costs in order to take advantage of short-term investments -Manage the liquidity of an organization -Control the volume of resources committed to current assets

46. Which of these is a commonly accepted method for valuing inventory?

ALL OF THE ABOVE -FIFO -LIFO -weighted average -specific identification

Which of the following are types of managed care plans?

ALL OF THE ABOVE -Health Maintenance Organizations (HMOs) -Preferred Provider Organizations (PPOs) -Point-of-Service Plans (POSs) -High-Deductible Health Plans with savings option (HDHP/SO)

26. Accountable Care Organizations are built on the premise that:

ALL OF THE ABOVE -They are able to connect records through electronic means -Groups of providers share in the care process -Efficient and quality care is provided by enlisting the use of multiple providers

health care financial management includes:

ALL OF THE ABOVE: -Oversight of day to day financial operations -Increasing revenues and decreasing costs -Planning the organizations long-range financial direction

Which of the following statements regarding accounts receivable is INCORRECT?

AR generally provides interest, and therefore, their collection becomes more likely as time passes

financial Management is the process of:

Both A and B -providing oversight of the health care organizations day-to-day financial operations -planning the organizations long-range financial direction

Charity Care is:

Care provided to a patient that the hospital knows cannot pay

Medicaid is one of the primary funders of health care in the country. This includes all of the following EXCEPT:

Covering half the state and local bill for long-term services and supports

42. All of the following are methods used in valuing inventory EXCEPT:

FILO (first in, last out)

Which of the following is an example of methods used to finance accounts receivable?

Factoring and Pledging (A and C)

Attributes of a Not-For-Profit Healthcare Organizations include all of the following EXCEPT:

Files a tax return

Which Health Insurance Cost of Premiums were the highest for individual coverage in 2014?

HMOs

Part A of Medicare includes:

In-patient hospital care

Which of the following is NOT a service mandated by the federal government in the Medicaid program?

LTC facilities

What does Medicare Part C cover?

Medicare Advantage Plans (MAs)

MBTI stands for:

Myers-Briggs Type Inventory

Capital budgets may include all of the following EXCEPT:

Net lending or borrowing needs of the organization

Which part of Medicare provides coverage for visits to physicians, outpatient treatments, and preventive service?

Part B

A not-for-profit organization has all of the following attributes EXCEPT:

Primarily serves corporate or private interests

The difference between a hospital's charges for an inpatient stay in the facility and the amount the hospital has agreed to accept from the patient's insurance carrier is called:

a contractual allowance

a team is:

a group of people working together to achieve a common goal

TeamSTEPPS is:

all of the above An evidence-based teamwork system to improve communication A powerful solution to improving patient safety within your organization A source for ready-to-use materials and a training curriculum to successfully integrate teamwork principles into all areas of your health Scientifically rooted in more than 20 years of research

One of the questions you should ask when you are assigned to a team is:

all of the above: Do we have a scope of work? What are our timelines? What is my role? What are the goals of the team?

Challenges to the Affordable Care Act have included which of the following?

all of the above: The authority of the federal government to provide tax subsidies The authority of the federal government to mandate coverage The requirements that certain benefits are covered The authority of the federal government to mandate coverage

44. Which of the following is not a specific type of budget?

all of these ARE specific type of budget -expense budget -revenue budget -statistics budget -capital budget

48. Nurse practitioners (NPs):

are prepared in either NP MSN (a post masters certificate) or a doctoral program

What are the five potential strategies for conflict resolution in teams recommended by Maginn?

bargaining, voting, problem solving, research, third party mediation

Bad debt in health care finance is defined as:

billing for services rendered but no payment is received

Which of the following is NOT one of the short or long term types of teams?

board of directors

37. Who makes financial decisions for hospitals, (listed in order of responsibility)?

board of directors, CEO, COO, CFO

charges vs costs

charges = published prices prices = the money actually spent

What is it called when an organization provides care to a patient that they know will be unable to pay?

charity care

33. Which of the following roles is responsible for the financial management functions within a given healthcare organization?

chief finance officer

59. Which of the following groups is Medicare coverage NOT provided to?

children under 3 years of age with fatal conditions

Which of the following groups is NOT covered by Medicare?

citizens 55 and younger

58. Which one of these answers is considered a form of Cost Sharing?

coinsurance

All of the following are cost-sharing EXCEPT:

comprehensive

51. Which of the following are NOT part of Tuckman's Stages:

constructing

24. All of the following are types of Managed Care Plans EXCEPT:

conventional indemnity plan

The cost incurred at the time of payment is called a:

copayment

Which of the following refers to "costs that are borne by the insured individual at the time of service?"

copayments

30. ________ are required levels of payments that the insured individual/family must meet before the insurer begins making its payments for fee-for-service plan.

deductibles

Tame problems can be ______; wicked problems are _______.

defined; difficult and hard to resolve

The primary preparers of capital budget requests are the:

department managers

Which one of the following is NOT a Health Maintenance Organization (HMOs)?

employment model

34. Which of the following is NOT a For-Profit attribute of investor-owned health care organizations?

exempt from taxes

"Charges" and actual "prices" refer to the same phenomenon in health care organizations

false

A for-profit health care organization must file an IRS 990 annual corporate tax return.

false

Certified Nurse Midwives are graduates of diploma schools

false

Enrollment in Medicare has increased significantly as a result of the Affordable Care Act.

false

Nursing home care and home health care accounted for more than half of nationalhealth expenditures in 2013.

false

The Veterans Health Administration is one of the smallest health care systems in the U.S.

false

There are no shortages of allied health professionals

false

Virtually all financial experts define working capital as "total current assets."

false

Teams go through the following stages, in the following order:

forming, storming, norming, performing, adjourning

50. Tuckman's stages for group dynamics/development include:

forming, storming, norming, performing, and adjourning

An example of a traceability cost is:

full costs

56. Which of the following is NOT a fixed cost?

gauze pads used to dress wounds

Which of the following is NOT one of the typical characteristics of the uninsured?

have high levels of income

What benefit does Medicare Part A offer to its recipients?

hospital insurance

Which area accounts for the highest percentage (32.1%) of health care expenditures in the U.S.?

hospitals

Under HMOs, which of the following offers the most flexibility for physicians?

independent practice association

35. Which classification of costs are best described as costs that cannot be traced to a particular patient or service and also known as overheard costs?

indirect costs

43. This is the standard tool for categorizing diseases and health problems for clinical and epidemiological purposes.

international classification of diseases

Which of the following is NOT an example of the major types of budgets?

inventory budget

For-profit health care organizations are usually owned by:

investors looking to make a profit

Which of the following is NOT a benefit of effective health care teams?

less efficient use of health care services

Criminal background checks for nurses and physicians are:

mandatory in most states for licensure

Which of the following is NOT a characteristic of not-for-profit health care organizations?

may participate in political campaigns

57. Which is the second largest social health insurance program?

medicaid

physicians should have:

no gaps in the resume

Which of the following is an example of a variable cost?

number of sutures used to close incisions

53. All of the following are characteristics of the Veterans Health Administration EXCEPT:

only veterans who have served in an actual combat zone are eligible

55. Which type of budget refers to the annual budget that follows the strategic financial plan and operating plan?

operating budget

The cost of not being able to purchase a new X-ray machine if money was spent on a new ultrasound machine describes a(n):

opportunity cost

Which of the following Medicare parts cover outpatient care and physician visits?

part B

25. What part of Medicare covers prescription drug plans?

part D

What does Medicare Part D have to deal with?

prescription drug benefit

What is the primary source of funding in health care?

public funding

54. The Emotion Contagion (EC) Scale measures:

the ability to read other people's emotions

45. Who in an organization is charged with the stewardship of the organization's financial assets, including cash management, commercial bank relations, and capital expenditures?

the treasurer

Which of the following is NOT correct about Cross Functional Teams (CFTs)?

they are not common in health care organizations

47. Which of the following is NOT a characteristic of for-profit organizations?

they only pay federal taxes on profits

A for-profit health care organization may participate in political campaigns and influence legislation.

true

Capitation shifts the risk of coverage from the insurer to the provider of health care.

true

Funding for the Medicare program has increasingly been derived from cost sharing with beneficiaries.

true

The method for stocking inventory in which each supply item is categorized as belonging to one of three groups, largely based on costs, is called the ABC Inventory Method.

true

Which of the following is NOT a component of Medicare?

under 26 you can stay on your parents health insurance

The types of costs that change directly in relation to changes in volume are called:

variable costs

CNAs

work most often in nursing care facilities