Galen PHR 2500 Final Exam QUESTIONS WITH COMPLETE ANSWERS
What is the correct order of the four stages of the Drug System? Correct Answer: Stage 1:
Research and Development (aka Drug Discovery and Development)
Stage 2: Regulatory Review
Stage 3: Manufacturing, Marketing, and Distribution
Stage 4: The Medication Use System
Which high-income country spends the most on health care per person? Correct Answer: The
United States
Which of the following is an example of an inpatient health care setting?
Mobile Dental Clinics
Home Care
Community Health Centers
Institutional Long-Term Care Facilities
Telephone Triage Correct Answer: Institutional Long-Term Care Facilities
In the United States, what is the most common type of hospital?
General hospitals
Private For-Profit Hospitals
Children's Hospitals
Teaching Hospitals
Specialty Hospitals Correct Answer: General hospitals
Which of the following long-term care settings has the highest level of nursing care?
Assisted living facilities
Skilled nursing facilities
Independent living facilities
All of these settings offer the same level of nursing care Correct Answer: Skilled nursing
facilities
What is the definition of moral hazard with respect to healthcare?
Consumer behavior that leads to a higher utilization of health care services when they are
covered by insurance.
Concern among insurance provider with the risk posed by healthcare providers embracing
principles of right and wrong behavior.
The increase in physician objections/concerns with the predatory practices of health insurance
companies.
, The risks associated with eating wild mushrooms by persons without formal training in
mycology. Correct Answer: Consumer behavior that leads to a higher utilization of health care
services when they are covered by insurance.
Which type of Managed Care Plan requires enrollees to stay within a network of providers and
obtain a referral to see a specialist?
Preferred Provider Organizations (PPO)
High-Deductible Health Plans (HDHP)
Full Insured Group Insurance
Health Maintenance Organizations (HMO) Correct Answer: Health Maintenance Organizations
(HMO)
What is the insurance term for a fee you pay monthly (like a membership fee) even if you don't
use any health care services in that month? Correct Answer: premium
Which is the following is NOT a public health insurance program in the U.S.?
Medicare
Medicaid
Nationwide Mutual Insurance
Children's Health Insurance Program
Department of Veterans Affairs (VA) Correct Answer: Nationwide Mutual Insurance
What is a pharmacy benefit manager (PBM)?
A managing director of a group of pharmacies
A nonprofit organization that organizes fundraisers to benefit charitable pharmacies for the poor
A third-party administrator of prescription drug plans that negotiates better drug prices for the
insurance plans and helps to control drug spending
An organization that arranges health insurance benefits for pharmacy staff Correct Answer: A
third-party administrator of prescription drug plans that negotiates better drug prices for the
insurance plans and helps to control drug spending
Which of the following is required to be included on every prescription written in the United
States?
Physician DEA number
Brand name of drug
Patient name
Dispensing pharmacy
Chief Medical Officer at hospital/clinic Correct Answer: Patient name
What is the correct order of the four stages of the Drug System? Correct Answer: Stage 1:
Research and Development (aka Drug Discovery and Development)
Stage 2: Regulatory Review
Stage 3: Manufacturing, Marketing, and Distribution
Stage 4: The Medication Use System
Which high-income country spends the most on health care per person? Correct Answer: The
United States
Which of the following is an example of an inpatient health care setting?
Mobile Dental Clinics
Home Care
Community Health Centers
Institutional Long-Term Care Facilities
Telephone Triage Correct Answer: Institutional Long-Term Care Facilities
In the United States, what is the most common type of hospital?
General hospitals
Private For-Profit Hospitals
Children's Hospitals
Teaching Hospitals
Specialty Hospitals Correct Answer: General hospitals
Which of the following long-term care settings has the highest level of nursing care?
Assisted living facilities
Skilled nursing facilities
Independent living facilities
All of these settings offer the same level of nursing care Correct Answer: Skilled nursing
facilities
What is the definition of moral hazard with respect to healthcare?
Consumer behavior that leads to a higher utilization of health care services when they are
covered by insurance.
Concern among insurance provider with the risk posed by healthcare providers embracing
principles of right and wrong behavior.
The increase in physician objections/concerns with the predatory practices of health insurance
companies.
, The risks associated with eating wild mushrooms by persons without formal training in
mycology. Correct Answer: Consumer behavior that leads to a higher utilization of health care
services when they are covered by insurance.
Which type of Managed Care Plan requires enrollees to stay within a network of providers and
obtain a referral to see a specialist?
Preferred Provider Organizations (PPO)
High-Deductible Health Plans (HDHP)
Full Insured Group Insurance
Health Maintenance Organizations (HMO) Correct Answer: Health Maintenance Organizations
(HMO)
What is the insurance term for a fee you pay monthly (like a membership fee) even if you don't
use any health care services in that month? Correct Answer: premium
Which is the following is NOT a public health insurance program in the U.S.?
Medicare
Medicaid
Nationwide Mutual Insurance
Children's Health Insurance Program
Department of Veterans Affairs (VA) Correct Answer: Nationwide Mutual Insurance
What is a pharmacy benefit manager (PBM)?
A managing director of a group of pharmacies
A nonprofit organization that organizes fundraisers to benefit charitable pharmacies for the poor
A third-party administrator of prescription drug plans that negotiates better drug prices for the
insurance plans and helps to control drug spending
An organization that arranges health insurance benefits for pharmacy staff Correct Answer: A
third-party administrator of prescription drug plans that negotiates better drug prices for the
insurance plans and helps to control drug spending
Which of the following is required to be included on every prescription written in the United
States?
Physician DEA number
Brand name of drug
Patient name
Dispensing pharmacy
Chief Medical Officer at hospital/clinic Correct Answer: Patient name
