NAB CORE RCAL Final Exam Preparation Newest Actual
Exam With Complete Questions And Correct Detailed
Answers (Verified Answers) |Already Graded A+
Medicare Part B - ans -The part of the Medicare program that pays for physician
services, outpatient hospital services, durable medical equipment, and other
services and supplies.
Medicare Part A - ans -The part of the Medicare program that pays for
hospitalization, care in a skilled nursing facility, home health care, and hospice
care.
Medicare Part D - ans -Prescription drug coverage
Anti Kickback Law - ans -Prohibits the solicitation, receiving, offering, or paying of
any remuneration directly or indirectly in cash or in kind in exchange.
Medicaid - ans -A federal and state assistance program that pays for health care
services for people who cannot afford them.
HIPPA Title I - ans -protects health insurance coverage for workers and their
families when they lose their jobs. Coverage under COBRA for 18 months
HIPPA Title II - ans -national standards for electronic healthcare transactions,
national identifiers for providers, confidential record keeping, access to records
HIPPA CONT - ans -W/out consent only for providing treatment, obtaining
payment, performing non treatment operational tasks
Sarbanes-Oxley Act - ans -Truth in financial reporting which provides SEC
oversight. Financials checked by independent auditors. Monitor and report
internal controls. Annual assessment due to SEC. CEO/CFO must sign off on all
audits.
account balance - ans -the difference between the total debits and the total
credits in an account
, Accrued interest payable - ans -current liability
Amoritazation - ans -the paying off of a debt in regular installments over a period
of time
Assets - ans -the cash, inventory, property, plant, and equipment, and other
investments a company has made
Balance Sheet - ans -A financial statement that reports assets, liabilities, and
owner's equity at any given point
Control Systems - ans -Measurement, evaluation and correction. spenddown
Cost Creep - ans -Increasing of costs (usually labor) as a result of increased
resident acuity without any increase in revenue as an offset.
Assets - ans -Can be liquidated quickly
Current Ratio - ans -current assets - current liabilities
The wider the margin, the sounder your company
Equities - ans -Financial rights to the assets of a business (the bank or the
investors)
FICA - ans -SS TAX
Fiscal/Calendar year - ans -A term that is used to differentiate a budget or
financial year from the calendar year.
fixed costs/charges - ans -Stay the same
Income Statement - ans -Revenues - Expenses = Net Income
Liabilities - ans -Debts
Net Worth - ans -total assets minus total liabilities
Exam With Complete Questions And Correct Detailed
Answers (Verified Answers) |Already Graded A+
Medicare Part B - ans -The part of the Medicare program that pays for physician
services, outpatient hospital services, durable medical equipment, and other
services and supplies.
Medicare Part A - ans -The part of the Medicare program that pays for
hospitalization, care in a skilled nursing facility, home health care, and hospice
care.
Medicare Part D - ans -Prescription drug coverage
Anti Kickback Law - ans -Prohibits the solicitation, receiving, offering, or paying of
any remuneration directly or indirectly in cash or in kind in exchange.
Medicaid - ans -A federal and state assistance program that pays for health care
services for people who cannot afford them.
HIPPA Title I - ans -protects health insurance coverage for workers and their
families when they lose their jobs. Coverage under COBRA for 18 months
HIPPA Title II - ans -national standards for electronic healthcare transactions,
national identifiers for providers, confidential record keeping, access to records
HIPPA CONT - ans -W/out consent only for providing treatment, obtaining
payment, performing non treatment operational tasks
Sarbanes-Oxley Act - ans -Truth in financial reporting which provides SEC
oversight. Financials checked by independent auditors. Monitor and report
internal controls. Annual assessment due to SEC. CEO/CFO must sign off on all
audits.
account balance - ans -the difference between the total debits and the total
credits in an account
, Accrued interest payable - ans -current liability
Amoritazation - ans -the paying off of a debt in regular installments over a period
of time
Assets - ans -the cash, inventory, property, plant, and equipment, and other
investments a company has made
Balance Sheet - ans -A financial statement that reports assets, liabilities, and
owner's equity at any given point
Control Systems - ans -Measurement, evaluation and correction. spenddown
Cost Creep - ans -Increasing of costs (usually labor) as a result of increased
resident acuity without any increase in revenue as an offset.
Assets - ans -Can be liquidated quickly
Current Ratio - ans -current assets - current liabilities
The wider the margin, the sounder your company
Equities - ans -Financial rights to the assets of a business (the bank or the
investors)
FICA - ans -SS TAX
Fiscal/Calendar year - ans -A term that is used to differentiate a budget or
financial year from the calendar year.
fixed costs/charges - ans -Stay the same
Income Statement - ans -Revenues - Expenses = Net Income
Liabilities - ans -Debts
Net Worth - ans -total assets minus total liabilities
