CSBI HFMA CERTIFIED SPECIALIST
BUSINESS INTELLIGENCE 2026 TEST
BANK COMPLETE QUESTIONS
SOLUTIONS GRADED A+
◉ Break-even point.
Answer: Level of sales volume of a product producing the exact amount
of contribution margin needed to cover fixed costs.
◉ Overhead.
Answer: Indirect Costs
◉ Activity-based costing (ABC).
Answer: Method of determining product costs using cost drivers or
activity measures, which cause indirect costs to be incurred.
◉ Three main types of Cost standards..
Answer: Predetermined (Synthetic), Negotiated (Historical), and
Customized (Engineered)
◉ Four Types of Individual Cost behaviors.
Answer: Variable, Fixed Cost Pattern, Semi-Variable Cost Pattern,
Semi-Fixed or Stepped Variable
◉ Three Principal Types of expense variances.
,Answer: Price, Volume, and Efficiency
◉ The 4 Primary payment methods used in managed care.
Answer: Fee-for-Service, Per Diem Rate, Case Rate, Capitation
◉ Healthcare providers should develop different modeling tools
depending on.
Answer: the reimbursement method proposed in the contract
◉ The general categories of provider excess loss insurance are.
Answer: per-person, aggregate, and carve-out.
◉ A Strategic Plan allows organizations to.
Answer: have a clear plan as to why they are in business and how they
can stay in business in the future.
◉ The main types of control budgets include.
Answer: operating, capital, and cash.
◉ A budgeting process develops assumptions for the following:.
Answer: Admissions, ALOS, Expense per visit, Inflation on expense,
FTE per visit, Productivity on FTE per visit, Labor cost per FTE, Net
Rev per visit
, ◉ Operating budget's statistical factors include.
Answer: Historical statistics, Historical relationship of department
volume, anticipated effects of new programs, clinical practice patters,
covered lives in global payment risk programs, changes in regulatory
environment, technical developments, process improvements, marketing
efforts, demographic trends
◉ The primary purpose of measuring productivity is.
Answer: for management to determine if resources are being used
efficiently
◉ Budget types include.
Answer: fixed and flexible
◉ The four budget variances used to explain by cause are.
Answer: Volume, rate (charged), price (of a supply), and efficiency (cost
per procedure).
◉ Three common Capital Evaluation techniques.
Answer: Payback, Net Present Value Method, Return on Investment
◉ Users of ratio analysis.
Answer: Board of Directors, Management, Health Systems Agencies,
Creditors, Employee Unions, Rate Regulators
BUSINESS INTELLIGENCE 2026 TEST
BANK COMPLETE QUESTIONS
SOLUTIONS GRADED A+
◉ Break-even point.
Answer: Level of sales volume of a product producing the exact amount
of contribution margin needed to cover fixed costs.
◉ Overhead.
Answer: Indirect Costs
◉ Activity-based costing (ABC).
Answer: Method of determining product costs using cost drivers or
activity measures, which cause indirect costs to be incurred.
◉ Three main types of Cost standards..
Answer: Predetermined (Synthetic), Negotiated (Historical), and
Customized (Engineered)
◉ Four Types of Individual Cost behaviors.
Answer: Variable, Fixed Cost Pattern, Semi-Variable Cost Pattern,
Semi-Fixed or Stepped Variable
◉ Three Principal Types of expense variances.
,Answer: Price, Volume, and Efficiency
◉ The 4 Primary payment methods used in managed care.
Answer: Fee-for-Service, Per Diem Rate, Case Rate, Capitation
◉ Healthcare providers should develop different modeling tools
depending on.
Answer: the reimbursement method proposed in the contract
◉ The general categories of provider excess loss insurance are.
Answer: per-person, aggregate, and carve-out.
◉ A Strategic Plan allows organizations to.
Answer: have a clear plan as to why they are in business and how they
can stay in business in the future.
◉ The main types of control budgets include.
Answer: operating, capital, and cash.
◉ A budgeting process develops assumptions for the following:.
Answer: Admissions, ALOS, Expense per visit, Inflation on expense,
FTE per visit, Productivity on FTE per visit, Labor cost per FTE, Net
Rev per visit
, ◉ Operating budget's statistical factors include.
Answer: Historical statistics, Historical relationship of department
volume, anticipated effects of new programs, clinical practice patters,
covered lives in global payment risk programs, changes in regulatory
environment, technical developments, process improvements, marketing
efforts, demographic trends
◉ The primary purpose of measuring productivity is.
Answer: for management to determine if resources are being used
efficiently
◉ Budget types include.
Answer: fixed and flexible
◉ The four budget variances used to explain by cause are.
Answer: Volume, rate (charged), price (of a supply), and efficiency (cost
per procedure).
◉ Three common Capital Evaluation techniques.
Answer: Payback, Net Present Value Method, Return on Investment
◉ Users of ratio analysis.
Answer: Board of Directors, Management, Health Systems Agencies,
Creditors, Employee Unions, Rate Regulators
