Medicare Part B - ANSWER The part of the Medicare program that pays for physician ser-
vices, outpatient hospital services, durable medical equipment, and other services and sup-
plies.
Medicare Part A - ANSWER The part of the Medicare program that pays for hospitaliza-
tion, care in a skilled nursing facility, home health care, and hospice care.
Medicare Part D - ANSWER Prescription drug coverage
Anti Kickback Law - ANSWER Prohibits the solicitation, receiving, offering, or paying of
any remuneration directly or indirectly in cash or in kind in exchange.
Medicaid - ANSWER A federal and state assistance program that pays for health care ser-
vices for people who cannot afford them.
HIPPA Title I - ANSWER protects health insurance coverage for workers and their families
when they lose their jobs. Coverage under COBRA for 18 months
HIPPA Title II - ANSWER national standards for electronic healthcare transactions, na-
tional identifiers for providers, confidential record keeping, access to records
HIPPA CONT - ANSWER W/out consent only for providing treatment, obtaining payment,
performing non treatment operational tasks
1
, Sarbanes-Oxley Act - ANSWER 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 - ANSWER the difference between the total debits and the total credits
in an account
Accrued interest payable - ANSWER current liability
Amoritazation - ANSWER the paying off of a debt in regular installments over a period of
time
Assets - ANSWER the cash, inventory, property, plant, and equipment, and other invest-
ments a company has made
Balance Sheet - ANSWER A financial statement that reports assets, liabilities, and owner's
equity at any given point
Control Systems - ANSWER Measurement, evaluation and correction. spenddown
Cost Creep - ANSWER Increasing of costs (usually labor) as a result of increased resident
acuity without any increase in revenue as an offset.
Assets - ANSWER Can be liquidated quickly
Current Ratio - ANSWER current assets - current liabilities
The wider the margin, the sounder your company
Equities - ANSWER Financial rights to the assets of a business (the bank or the investors)
2
vices, outpatient hospital services, durable medical equipment, and other services and sup-
plies.
Medicare Part A - ANSWER The part of the Medicare program that pays for hospitaliza-
tion, care in a skilled nursing facility, home health care, and hospice care.
Medicare Part D - ANSWER Prescription drug coverage
Anti Kickback Law - ANSWER Prohibits the solicitation, receiving, offering, or paying of
any remuneration directly or indirectly in cash or in kind in exchange.
Medicaid - ANSWER A federal and state assistance program that pays for health care ser-
vices for people who cannot afford them.
HIPPA Title I - ANSWER protects health insurance coverage for workers and their families
when they lose their jobs. Coverage under COBRA for 18 months
HIPPA Title II - ANSWER national standards for electronic healthcare transactions, na-
tional identifiers for providers, confidential record keeping, access to records
HIPPA CONT - ANSWER W/out consent only for providing treatment, obtaining payment,
performing non treatment operational tasks
1
, Sarbanes-Oxley Act - ANSWER 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 - ANSWER the difference between the total debits and the total credits
in an account
Accrued interest payable - ANSWER current liability
Amoritazation - ANSWER the paying off of a debt in regular installments over a period of
time
Assets - ANSWER the cash, inventory, property, plant, and equipment, and other invest-
ments a company has made
Balance Sheet - ANSWER A financial statement that reports assets, liabilities, and owner's
equity at any given point
Control Systems - ANSWER Measurement, evaluation and correction. spenddown
Cost Creep - ANSWER Increasing of costs (usually labor) as a result of increased resident
acuity without any increase in revenue as an offset.
Assets - ANSWER Can be liquidated quickly
Current Ratio - ANSWER current assets - current liabilities
The wider the margin, the sounder your company
Equities - ANSWER Financial rights to the assets of a business (the bank or the investors)
2
