WGU C432 HEALTHCARE MANAGEMENT AND STRATEGY FINAL TEST QUESTIONS AND ANSWERS.LATEST UPDATE.

WGU C432 HEALTHCARE MANAGEMENT AND STRATEGY FINAL TEST QUESTIONS AND ANSWERS.LATEST UPDATE. Status: Passed 1. A home health agency provides care primarily to Medicare consumers. The agency is considering expanding the range of services offered. What is one reason this agency would be considering this strategy? YOUR ANSWER CORRECT ANSWER To diversify its payer mix To open a second location To increase professional staff To add electronic health records 2. A hospital’s chief executive officer (CEO) suddenly becomes critically ill at a pivotal stage of the hospital's building a new wing due to open in one month. The board decided to activate the succession plan. Why would the hospital have initiated this strategy? YOUR ANSWER CORRECT ANSWER To be able to market the expansion To assure expenditures are on budget To ensure that the new wing opens on time To provide stability in hospital leadership 3. Health insurance exchanges create increased access for individuals and small businesses to buy insurance. How will these new exchanges affect care delivery? YOUR ANSWER CORRECT ANSWER They will increase the need for mid-level providers They will decrease the wait times at doctor’s offices They will increase the wait times for emergency care 4. A doctor's office wants to achieve meaningful use and is adopting the electronic health record. How will this adoption affect healthcare delivery? YOUR ANSWER CORRECT ANSWER By maintaining HIPAA compliance By improving the quality of service By increasing appointment availability By decreasing patient out-of-pocket expenses 5. The Bundled Payments for Care Improvement initiative has been developed because of provisions in the ACA. Which potential impact will this initiative have on healthcare delivery? YOUR ANSWER CORRECT ANSWER It will eliminate the geographic disparity in payments It will align incentives to improve coordination of care It will limit the diagnosis-related codes to 10 codes It will reduce risk bearing for participating organizations 6. A university narrowed its choice for student healthcare delivery to two equally qualified hospitals. Hospital A is the smaller of the two and is within walking distance but has higher costs for services. Hospital B is less expensive and within easy driving distance. Which strength does Hospital A offer to the student? YOUR ANSWER CORRECT ANSWER Access to services Efficient costs per patient Reduced copays for services 7. Independent local hospitals have operated walk-in hypertension clinics operating out of local stores in suburban neighborhoods. Several larger health systems also have hypertension clinics located in these suburban neighborhoods but require patients to make appointments. What is a market weakness of the large health system relative to the local hospital? YOUR ANSWER CORRECT ANSWER Flexibility of care Longer wait times Higher co-payments Less desirable appointment schedule 8. An urban hospital is opening a walk-in clinic staffed by mid-level providers near another hospital- based urgent care center. What are two market weaknesses of the clinic relative to the center? Choose 2 answers YOUR ANSWER CORRECT ANSWER Longer wait time Higher copayments Lower continuity of care Limited support systems 9. Two large healthcare systems service a working-class population. Hospital A has a state-of-the-art cancer center and is centrally located. Hospital B is located outside the city and seeks to deliver Which market strategy is Hospital B using to compete with Hospital A? YOUR ANSWER CORRECT ANSWER Broad low-cost Focused low-cost Broad differentiation Focused differentiation 10. A small acute care hospital exists in a community with a medium sized for-profit acute care hospital. Due to competition and a gap in service availability, the small hospital decides to implement an acute rehabilitation service. Which strategy is the small hospital using? YOUR ANSWER CORRECT ANSWER Joint venture Specialized care Middle marketing Broad differentiation 11. A large city with a high incidence of strokes in its population has two hospitals. One is a teaching hospital, and the other is a community-based hospital. Currently, both hospitals only have inpatient rehabilitation services. The community hospital wants to add outpatient rehabilitation services. Which marketing strategy is the community hospital using? YOUR ANSWER CORRECT ANSWER Broad low-cost Focused low-cost Broad differentiation Focused differentiation to its competitors. To address this issue, more services that specialize in women's social, medical and mental health are being offered. What is the advantage of this healthcare organization to broaden its scope of services to women? YOUR ANSWER CORRECT ANSWER Greater access for the uninsured Higher volume of female inpatients Improved net patient services revenue Increased number of full-time employees 13. After its recent strategic assessment, the board of directors of a hospital has suggested that the organization begin to offer behavioral health services. What is a risk of this strategy? YOUR ANSWER CORRECT ANSWER The hospital will have capacity balancing problems. The hospital will face regulatory barriers to market entry. The organization is entering a new service area. Greater competition in the market leads to lower quality. 14. A dermatologist's office would like to increase revenue. The following options are being considered: adding laser therapy to current services