HEALTH SERVICES FINANCE FINAL TEST PAPER 2026 QUESTIONS AND ANSWERS GRADED A PLUS

HEALTH SERVICES FINANCE FINAL TEST
PAPER 2026 QUESTIONS AND ANSWERS
GRADED A PLUS


◉ health services organizations
Answer: those that provide patient care services. Examples include
hospitals, medical practices, clinics, and nursing homes. Also called
providers.


◉ accounting
Answer: the measurement and recording of events that reflect the
operations, assets, and financing of an organization


◉ financial management
Answer: the use of theory, principles, and concepts developed to
help managers make better financial decisions


◉ chief financial officer (CFO)
Answer: The senior manager (or top finance dog) in a large
organization's finance department. Also called vice president-
finance.

, ◉ comptroller
Answer: the finance department manager who handles accounting,
budgeting, and reporting activities


◉ treasurer
Answer: the finance department manager who handles capital
acquisition, investment management, and risk management
activities.


◉ business (practice) manager
Answer: the manager responsible for the finance function in a small
healthcare organization, such as a medical practice with one or a few
clinicians


◉ horizontal system
Answer: a single business entity that owns a group of similar
providers, such as hospitals


◉ vertical system
Answer: a single business entity that owns a group of related, but
not identical, providers, such as hospitals, medical practices, and
nursing homes