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

HSM 340 Quiz Week 2, 3 and 7

(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?

Semester Papers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

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

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.