HSMA 4055 CH 1- 5 QUIZ QUESTIONS WITH
COMPLETE ANSWERS
which of the following statements about regulatory and legal issues is most correct?
A. States require licensure of certain healthcare providers to limit the number of
providers.
B. The goal of certificate-of-need (CON) regulation is to ensure that there are a sufficient
number of clinical workers at each hospital and nursing home.
C. Clinicians who are employees of hospitals do not require personal licenses, as they
can practice under the umbrella of the hospital's license.
D. For most providers, the primary legal concern is professional liability.
E. Healthcare managers must grapple with several legal issues, but there are virtually
no ethical issues that arise. - ANSWER D
The ACA is to be phased in over 10 years. The initial impetus and primary focus of the
ACA was:
increasing access to care
improving quality of care
containing costs
,All of the above - ANSWER All of the above
In the United States, the highest proportion of healthcare expenditures is for - ANSWER
hospital care
True or False: The U.S. government is a major stakeholder and participant in health care
as payer, provider, and supporter of research, education and training. - ANSWER True
Which of the following is not a finance activity?
Planning and budgeting
Revenue cycle management
Financial reporting
Financial risk management
Facilities management - ANSWER Facilities management
True or False: Key stakeholders in the health care system include providers, nurses,
suppliers, hospitals, and retail clinics. - ANSWER True
True or False: The Patient Protection and Affordable Care Act (ACA) is also known as
Obamacare because it was legislated during the presidency of President Barack
Obama. - ANSWER True
True or False: Many studies have demonstrated that integrated delivery systems are
able to provide higher-quality care at lower cost than can stand-alone specialized
provider organizations. - ANSWER False
, A considerable barrier to obtaining insurance for young adults was originally addressed
with the ACA in the mandatory requirement of insurance for all. to that end, the law
specifically provided: - ANSWER coverage for young adults between 19 and 26 on their
parents' policies
ACA stipulates which of the following entities are eligible to participate as ACOs:
Professionals in group practice arrangements and networks of individual practices of
professionals
Partnerships or joint ventures between hospitals and health professionals or hospitals
employing professionals
Other groups of providers of services and suppliers as the Secretary determines
appropriate
All of the above - ANSWER All of the above
True or False: The role of finance in healthcare organizations has increased in
importance over time because the finance function must support a multitude of
activities such as cost containment, payer negotiations, and joint venture activities. -
ANSWER True
True or False: The ACA was challenged in court in 2010 when over 25 states sued the
Federal government and lost over the constitutionality of the individual mandates and
Medicaid expansion - ANSWER True
True or false: The four Cs (character, capability, charisma, and courtesy) as described
in the textbook summarize the attributes needed to be a good financial manager. -
ANSWER False
COMPLETE ANSWERS
which of the following statements about regulatory and legal issues is most correct?
A. States require licensure of certain healthcare providers to limit the number of
providers.
B. The goal of certificate-of-need (CON) regulation is to ensure that there are a sufficient
number of clinical workers at each hospital and nursing home.
C. Clinicians who are employees of hospitals do not require personal licenses, as they
can practice under the umbrella of the hospital's license.
D. For most providers, the primary legal concern is professional liability.
E. Healthcare managers must grapple with several legal issues, but there are virtually
no ethical issues that arise. - ANSWER D
The ACA is to be phased in over 10 years. The initial impetus and primary focus of the
ACA was:
increasing access to care
improving quality of care
containing costs
,All of the above - ANSWER All of the above
In the United States, the highest proportion of healthcare expenditures is for - ANSWER
hospital care
True or False: The U.S. government is a major stakeholder and participant in health care
as payer, provider, and supporter of research, education and training. - ANSWER True
Which of the following is not a finance activity?
Planning and budgeting
Revenue cycle management
Financial reporting
Financial risk management
Facilities management - ANSWER Facilities management
True or False: Key stakeholders in the health care system include providers, nurses,
suppliers, hospitals, and retail clinics. - ANSWER True
True or False: The Patient Protection and Affordable Care Act (ACA) is also known as
Obamacare because it was legislated during the presidency of President Barack
Obama. - ANSWER True
True or False: Many studies have demonstrated that integrated delivery systems are
able to provide higher-quality care at lower cost than can stand-alone specialized
provider organizations. - ANSWER False
, A considerable barrier to obtaining insurance for young adults was originally addressed
with the ACA in the mandatory requirement of insurance for all. to that end, the law
specifically provided: - ANSWER coverage for young adults between 19 and 26 on their
parents' policies
ACA stipulates which of the following entities are eligible to participate as ACOs:
Professionals in group practice arrangements and networks of individual practices of
professionals
Partnerships or joint ventures between hospitals and health professionals or hospitals
employing professionals
Other groups of providers of services and suppliers as the Secretary determines
appropriate
All of the above - ANSWER All of the above
True or False: The role of finance in healthcare organizations has increased in
importance over time because the finance function must support a multitude of
activities such as cost containment, payer negotiations, and joint venture activities. -
ANSWER True
True or False: The ACA was challenged in court in 2010 when over 25 states sued the
Federal government and lost over the constitutionality of the individual mandates and
Medicaid expansion - ANSWER True
True or false: The four Cs (character, capability, charisma, and courtesy) as described
in the textbook summarize the attributes needed to be a good financial manager. -
ANSWER False
