Healthcare Finance exam 1 Question and answers rated A+
2025/2026
1. 1. Why is role of a health- care manager?
financial
management 5. 1. Why should fi- nancial managers
im- portant to
the or-
ganization?
2. 1. What is the
distinction be-
tween the pur-
pose of health-
care
management
and the
purpose of
healthcare fi-
nancial
manage- ment?
3. 1. How would
you prioritize
the ma- jor
objectives of
healthcare
finan- cial
management?
4. 1. What are the
major ethical
the- ories, and
how do they
apply to the
1/
17
,It helps managers accomplish
the purpose of the organization.
• To generate a reasonable net income (first priority) • To respond to
regulation
• To facilitate regulations with third-party payers • To influence
The purpose of healthcare methods and amounts of payments • To monitor physicians and their
management is to survive potential liability • To protect the tax status
economically. The purpose
of healthcare financial
The utilitarian view of managers allows resource allocation decisions
management is to provide
based on "the greatest good for the greatest number." The
accounting and finance
deontological view of clinicians allows clinical decision making to follow
infor- mation necessary for
certain duties to patients.
healthcare managers to
survive economically.
Quality initiatives not only keep patients and accreditation organizations
like The Joint Commission satisfied, but they also contribute to the
profitability of the
be concerned with organization by reducing liability and cost.
quality initiatives
2/
17
, Healthcare Finance exam 1
Study online at https://quizlet.com/_cojsc1
in the healthcare organization?
6.1. How would you Financial management and management functions,
if performed well, will keep
predict that finan- organizations in business in the turbulent economic
cial environment predicted for
the future
management
and the
manage- ment
functions will
be impor- tant
as healthcare
changes in the
fu- ture? a. 1. Establish facts about the organization and review organization financial
state- ments. 2. Compare the facts of the organization over time and facts of
7. 1. How would other or- ganizations in the same scenario. Conduct ratio analysis,
you explain the horizontal analysis, and vertical analysis. 3. Use perspective and
three steps of judgement to make decisions regarding the comparisons to other
financial organizations. Make decisions based on evidence that would best suit
analysis at the the organization.
or- ganizational
level.
8. 1. What is the pur- A balance sheet consists of assets, liabilities, and owners equity all of
which are
pose of creating types
a of transactions made by the CFO or organization. The purpose is to
balance sheet? track all transactions so that if there is an issue with financials, you
can look back and
List the three gen- see what is missing. The subcategories for assets, liabilities, and owners
equity
eral sheet and possi- ble categories un- der
classifications these classifi- cations
of the balance
3/
17
2025/2026
1. 1. Why is role of a health- care manager?
financial
management 5. 1. Why should fi- nancial managers
im- portant to
the or-
ganization?
2. 1. What is the
distinction be-
tween the pur-
pose of health-
care
management
and the
purpose of
healthcare fi-
nancial
manage- ment?
3. 1. How would
you prioritize
the ma- jor
objectives of
healthcare
finan- cial
management?
4. 1. What are the
major ethical
the- ories, and
how do they
apply to the
1/
17
,It helps managers accomplish
the purpose of the organization.
• To generate a reasonable net income (first priority) • To respond to
regulation
• To facilitate regulations with third-party payers • To influence
The purpose of healthcare methods and amounts of payments • To monitor physicians and their
management is to survive potential liability • To protect the tax status
economically. The purpose
of healthcare financial
The utilitarian view of managers allows resource allocation decisions
management is to provide
based on "the greatest good for the greatest number." The
accounting and finance
deontological view of clinicians allows clinical decision making to follow
infor- mation necessary for
certain duties to patients.
healthcare managers to
survive economically.
Quality initiatives not only keep patients and accreditation organizations
like The Joint Commission satisfied, but they also contribute to the
profitability of the
be concerned with organization by reducing liability and cost.
quality initiatives
2/
17
, Healthcare Finance exam 1
Study online at https://quizlet.com/_cojsc1
in the healthcare organization?
6.1. How would you Financial management and management functions,
if performed well, will keep
predict that finan- organizations in business in the turbulent economic
cial environment predicted for
the future
management
and the
manage- ment
functions will
be impor- tant
as healthcare
changes in the
fu- ture? a. 1. Establish facts about the organization and review organization financial
state- ments. 2. Compare the facts of the organization over time and facts of
7. 1. How would other or- ganizations in the same scenario. Conduct ratio analysis,
you explain the horizontal analysis, and vertical analysis. 3. Use perspective and
three steps of judgement to make decisions regarding the comparisons to other
financial organizations. Make decisions based on evidence that would best suit
analysis at the the organization.
or- ganizational
level.
8. 1. What is the pur- A balance sheet consists of assets, liabilities, and owners equity all of
which are
pose of creating types
a of transactions made by the CFO or organization. The purpose is to
balance sheet? track all transactions so that if there is an issue with financials, you
can look back and
List the three gen- see what is missing. The subcategories for assets, liabilities, and owners
equity
eral sheet and possi- ble categories un- der
classifications these classifi- cations
of the balance
3/
17
