COMPREHENSIVE STUDY GUIDE
QUESTIONS WITH ACCURATE SOLUTIONS
●● Income foregone
Answer: What is the most significant cost of attending medical school?
●● More scholarships and grants to cover medical school tuition
Answer: Which of the following would increase the supply of
physicians?
●● There are twice as many specialists as there are generalists.
Answer: Which of the following statements about the distribution of
physicians among specialties is true in the United States?
●● $200,000
Answer: According to surveys by the Medical Group Management
Association, the average primary care physician earned approximately
_______ in 2010.
●● At the point when the diagnosis is made.
Answer: The amount that Medicare pays a hospital for treating a
Medicare patient is determined:
, ●● horizontal integration.
Answer: The merger of two community hospitals located in the same
geographic market is called:
●● allows for the transfer of assets.
Answer: Compared to the not-for-profit organizational form, the for-
profit environment
●● long-run average costs decline as output increases.
Answer: Economies of scale exist when:
●● Most hospitals experience a gap between the amount they receive
from their payers and the amount billed, with receipts as low as 20
percent of amount billed.
Answer: Changes caused by the shift from charge-based rates to
negotiated rates has had which of the following results?
●● Savings from prospective payments are substantial and due primarily
to fewer hospital admissions and shorter hospital stays.
Answer: The expanded use of prospective payment in hospitals has
changed the nature of competition in that market. Which of the
following statements is true?