Hsm 340 quiz for week 2, week 3 and week 7……….devry

HSM 340 Quiz Week 2, 3 and 7

Don't use plagiarized sources. Get Your Custom Essay on
Hsm 340 quiz for week 2, week 3 and week 7……….devry
Just from $13/Page
Order Essay

(HSM 340 Health Services Finance– DeVry)

HSM 340 Week 2 Quiz

1. Question: (TCO 2)A statement that reports inflows and outflows of cash during the accounting period in the categories of operations, investing, and financing, is called a(an):

2. Question: (TCO 2) Which method(s) of financial reporting does (do) not recognize the impact of changes in purchasing power?

3. Question: (TCO 2) Which of the following is the BEST example of a financial metric?

4. Question: (TCO 2) What is/(are) the primary determinant(s) of firm value?

5. Question: (TCO 2) How are revenues and expenses defined under accrual accounting?

6. Question: (TCO 2) What is an audit (in the context of financial accounting)?

7. Question: (TCO 2) The HC method, which uses unadjusted historical costs, does not take into account depreciation expenses, purchasing power, and unrealized gains in replacement value. Despite these weaknesses as a financial reporting method, the HC method is used more frequently for accounting purposes than other methods, such as the HC-GPL, CV, and CV-GPL methods. Why is this so?

 

8. Question: (TCO 2) Define and describe the purpose of fund accounting (now called net assets).

 

HSM 340 Week 3 Quiz

<pstyle=”margin:0in;margin-bottom:.0001pt;mso-line-height-alt:0pt” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>1. Question: (TCO 3) From a hospital’s perspective, what is most likely to be the highest risk arrangement with a payer?

 

2. Question: (TCO 3)SKF Primary Care Clinic is deciding whether to purchase MRI equipment that would enable it to perform MRI imaging services in-house rather than sending its patients to its competitor’s hospital three miles away. From a financial position, if SKF were to make its decision without using net present value analysis, the clinic would need to know (or at least reasonably estimate) which of the following information?

3. Question: (TCO 3) Assume that the clinic used the price that they need to exactly break even at 10,000 shots. Fewer people than expected showed up and purchased the flu shot. The clinic would:

4. Question: (TCO 3) Which of the following is the first step in any budgetary process?

5. Question: (TCO 3) David Jones, the new administrator for a surgical clinic, was trying to determine how to allocate his indirect expenses. His staff was complaining that the current method of taking a percentage of revenues was unfair. He decided to try to allocate utilities based on square footage of each department, administration based on direct costs, and laboratory based on tests. Use the information in the chart below to answer the question.

6. Question: (TCO 3) Your hospital has been approached by a major HMO to perform all their MS-DRG 470 cases (major joint procedures). They have offered a flat price of $10,000 per case. You have reviewed your charges for MS-DRG 470 during the last year and found the following profile:

 

7. Question: (TCO 3) How are costs classified?

 

HSM 340 Week 7 Quiz

<pstyle=”margin:0in;margin-bottom:.0001pt;mso-line-height-alt:0pt” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>1. Question: (TCO 7) Coordination of benefits refers to:

 

2. Question: (TCO 7) A withhold is a feature for payment to health care provider that:

3. Question: (TCO 7) A medical group includes a provision in its contract with an HMO to receive larger PMPM payments if the HMO members are chronically ill. This type of provision is referred to as a:

4. Question: (TCO 7) Suppose that AT&T had made an offer to acquire Merck Pharmaceuticals. Ignoring potential antitrust problems, this merger would be classified as a:

5. Question: (TCO 7) An HMO has a Point of Service (POS) option for its members, but will pay only 80 percent of approved charges. If a member goes out of network for a medical procedure with a charge of $2,000, of which $1,200 is approved, how much must the member pay?

6. Question: (TCO 7) An uninsured patient receives services with charges of $5,000 from a hospital. The hospital staff bills the patient $1,000 and records $4,000 as charity care. If the hospital’s ratio of cost to charges is 50%, what amount would the hospital recognize as charity care in Schedule H of IRS Form 990?

 

<pstyle=”margin:0in;margin-bottom:.0001pt;mso-line-height-alt:0pt” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”><pstyle=”margin:0in;margin-bottom:.0001pt;mso-line-height-alt:0pt”>

7. Question: (TCO 7) Why is tax-exempt financing cited as a benefit received by not-for-profit healthcare providers?

Grab 16% Discount On This Paper
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, MyEssay.Help has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At MyEssay.help, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@myessay.help.

Try it now!

Grab 16% Discount On This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

MyEssay.help has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At MyEssay.help, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.

Admissions

Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.

Editing

Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.

Coursework

Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.

                                                                                     Place Order