Health Care Finance and Budgeting
Final Question and answers already
passed 2025/2026
Accurate description of the trend in the US healthcare expenditures - correct answer ✔Per capital
health expenditures are projected to increase through 2018.
Health Insurance deductible - correct answer ✔The amount of cost a patient must pay during the
benefit plan year prior to the health insurance company paying for care.
Analyzing the trend in source of funds for healthcare exptenditures - correct answer ✔The proportion
of public funds spent on healthcare is decreasing over time
NOT the result of The Affordable Care Act of 2010 - correct answer ✔Patients are only liable for
healthcare expenses up to $100,000
For-profit hospitals - correct answer ✔Must pay taxes on their net income
Not-for-profit - correct answer ✔NOT what most acute care hospitals are
To maintain tax-exempt status, the not-for-profit hospitals must: - correct answer ✔Be organized for
the benefit of a private interest, attempt to influence legislation, Participate in election campaign
activities
Difference between for-profit and not-for-profit - correct answer ✔The way the patient care is
distributed
,Community benefit provided by a not-for-profit hospital - correct answer ✔Smoking cessation
workshops, diabetes screening at a local grocery store, free well-child checkups
Offers the least amount of flexibility to the enrollee in choosing their healthcare provider - correct
answer ✔HMO
A healthcare plan enrollee pays their co payment to which participant in the healthcare business model -
correct answer ✔Provider
Not government sponsored healthcare plan - correct answer ✔Blue Cross
Individuals that have healthcare coverage by that coverage is not sufficient to pay for their required
health care are called: - correct answer ✔Underinsured
Which health plan can providers negotiate with? - correct answer ✔Commercial Payers
According to CDC estimates, what portion of children in the near-poor population is not covered by any
health plan? - correct answer ✔Less than 10%
Which of the following is true for not-for-profit hospitals? - correct answer ✔They are exempt from
federal taxes
The majority of healthcare insurance coverage for US individuals under 65 is obtained: - correct answer
✔Through an employer
Balance Billing is: - correct answer ✔The practice of billing the patient for any amount not paid by
insurance
Which is the amount paid by a health plan enrollee to receive coverage? - correct answer ✔Premium
, The preparation and release of financial statements may be characterized as what type of task? - correct
answer ✔Financial accounting
The monitoring of budgets and internal cost control may be characterized as what type of task? - correct
answer ✔Managerial accouting
Which of the following organizations does not release accounting standards? - correct answer ✔AHA
The primary difference between cash and accrual accounting is: - correct answer ✔The timing of
recording revenue and expenses
The basic accounting equation is: - correct answer ✔Liabilities + Equity= Assets
Which of the following is not considered to be a part of an entity's financial statements? - correct
answer ✔Operating budget
Which of the following financial statements represents the basic accounting equation? - correct answer
✔Balance sheet
Which of the following financial statements tracks revenue and expenses over the prior fiscal year? -
correct answer ✔Income statement
Which of the following financial statements tracks the changes in cash position of the entity over the
prior fiscal year? - correct answer ✔Statement of cash flows
Current assets have which of the following attributes? - correct answer ✔May be converted to cash in
less than twelve months, must only be cash and cash equivalents, does not include patient accounts
receivable
Final Question and answers already
passed 2025/2026
Accurate description of the trend in the US healthcare expenditures - correct answer ✔Per capital
health expenditures are projected to increase through 2018.
Health Insurance deductible - correct answer ✔The amount of cost a patient must pay during the
benefit plan year prior to the health insurance company paying for care.
Analyzing the trend in source of funds for healthcare exptenditures - correct answer ✔The proportion
of public funds spent on healthcare is decreasing over time
NOT the result of The Affordable Care Act of 2010 - correct answer ✔Patients are only liable for
healthcare expenses up to $100,000
For-profit hospitals - correct answer ✔Must pay taxes on their net income
Not-for-profit - correct answer ✔NOT what most acute care hospitals are
To maintain tax-exempt status, the not-for-profit hospitals must: - correct answer ✔Be organized for
the benefit of a private interest, attempt to influence legislation, Participate in election campaign
activities
Difference between for-profit and not-for-profit - correct answer ✔The way the patient care is
distributed
,Community benefit provided by a not-for-profit hospital - correct answer ✔Smoking cessation
workshops, diabetes screening at a local grocery store, free well-child checkups
Offers the least amount of flexibility to the enrollee in choosing their healthcare provider - correct
answer ✔HMO
A healthcare plan enrollee pays their co payment to which participant in the healthcare business model -
correct answer ✔Provider
Not government sponsored healthcare plan - correct answer ✔Blue Cross
Individuals that have healthcare coverage by that coverage is not sufficient to pay for their required
health care are called: - correct answer ✔Underinsured
Which health plan can providers negotiate with? - correct answer ✔Commercial Payers
According to CDC estimates, what portion of children in the near-poor population is not covered by any
health plan? - correct answer ✔Less than 10%
Which of the following is true for not-for-profit hospitals? - correct answer ✔They are exempt from
federal taxes
The majority of healthcare insurance coverage for US individuals under 65 is obtained: - correct answer
✔Through an employer
Balance Billing is: - correct answer ✔The practice of billing the patient for any amount not paid by
insurance
Which is the amount paid by a health plan enrollee to receive coverage? - correct answer ✔Premium
, The preparation and release of financial statements may be characterized as what type of task? - correct
answer ✔Financial accounting
The monitoring of budgets and internal cost control may be characterized as what type of task? - correct
answer ✔Managerial accouting
Which of the following organizations does not release accounting standards? - correct answer ✔AHA
The primary difference between cash and accrual accounting is: - correct answer ✔The timing of
recording revenue and expenses
The basic accounting equation is: - correct answer ✔Liabilities + Equity= Assets
Which of the following is not considered to be a part of an entity's financial statements? - correct
answer ✔Operating budget
Which of the following financial statements represents the basic accounting equation? - correct answer
✔Balance sheet
Which of the following financial statements tracks revenue and expenses over the prior fiscal year? -
correct answer ✔Income statement
Which of the following financial statements tracks the changes in cash position of the entity over the
prior fiscal year? - correct answer ✔Statement of cash flows
Current assets have which of the following attributes? - correct answer ✔May be converted to cash in
less than twelve months, must only be cash and cash equivalents, does not include patient accounts
receivable
