FACHE EXAM PRACTICE QUESTIONS WITH
100% CORRECT DETAILED ANSWERS
GRADED A+ 2025/2026 NEW UPDATE
Certificate-of-need laws ---- ANSWER----Certificate or
approval of new services and construction and renovation of
hospitals or related facilities; issued in many states. Require
that HCOs seek permission for construction or expansion.
EMTALA - Emergency Medical Treatment and Active Labor
Act ---- ANSWER----Requires all HCOs providing
emergency care to accept all patients, regardless of ability to
pay, until they are stabilized and can be safely moved
The Joint Commission ---- ANSWER----A voluntary
consortium of professional provider organizations that
evaluates and accredits a wide range of different HCOs. HCOs
MUST have an accreditation by a CMS deemed-status
Page 1 of 21
,organization in order to receive funds from Medicare. Some
insurance plans are accredited by the National Committee for
Quality Assurance (NCQA)
Associates ---- ANSWER----People who give their time and
energy to the organization. They can be employees, trustees
and other volunteers and medical staff members.
Licensed Independent Practitioners (LIPs) ---- ANSWER---
Caregivers granted legal status to provide specific kinds of
healthcare, categorized as primary care or specialist providers
who are usually physicians or advanced practice nurses (NPs,
nurse midwives)
Primary Care Practitioners (PCPs) ---- ANSWER---physicians
and advanced practice nurses specializing in family medicine,
general internal medicine, pediatrics, obstetrics, and
psychiatry and are the most common initial contacts for
patients and specialize in family medicine, general internal
Page 2 of 21
, medicine, peds, OB/GYN, and psychiatry Specialist
Practitioners ---- ANSWER----LIPs who care for patients
referred by PCPs on a more limited and transiet basis.
More likely to manage episodes of inpatient care
Sarbanes Oxley ---- ANSWER----US federal law that set new
or expanded requirements for all US public company boards,
management and public accounting firms. Cover
responsibilities of a public corporation's board of directors,
adds criminal penalties and required SEC to create regulations
FMLA ---- ANSWER----1993: law requiring covered
employers to provide employees with job-protected and
unpaid leave for qualified medical family reasons Purpose of
any HCO ---- ANSWER----to provide care to individual
patients and is usually stated in organization's
"mission"
Page 3 of 21
100% CORRECT DETAILED ANSWERS
GRADED A+ 2025/2026 NEW UPDATE
Certificate-of-need laws ---- ANSWER----Certificate or
approval of new services and construction and renovation of
hospitals or related facilities; issued in many states. Require
that HCOs seek permission for construction or expansion.
EMTALA - Emergency Medical Treatment and Active Labor
Act ---- ANSWER----Requires all HCOs providing
emergency care to accept all patients, regardless of ability to
pay, until they are stabilized and can be safely moved
The Joint Commission ---- ANSWER----A voluntary
consortium of professional provider organizations that
evaluates and accredits a wide range of different HCOs. HCOs
MUST have an accreditation by a CMS deemed-status
Page 1 of 21
,organization in order to receive funds from Medicare. Some
insurance plans are accredited by the National Committee for
Quality Assurance (NCQA)
Associates ---- ANSWER----People who give their time and
energy to the organization. They can be employees, trustees
and other volunteers and medical staff members.
Licensed Independent Practitioners (LIPs) ---- ANSWER---
Caregivers granted legal status to provide specific kinds of
healthcare, categorized as primary care or specialist providers
who are usually physicians or advanced practice nurses (NPs,
nurse midwives)
Primary Care Practitioners (PCPs) ---- ANSWER---physicians
and advanced practice nurses specializing in family medicine,
general internal medicine, pediatrics, obstetrics, and
psychiatry and are the most common initial contacts for
patients and specialize in family medicine, general internal
Page 2 of 21
, medicine, peds, OB/GYN, and psychiatry Specialist
Practitioners ---- ANSWER----LIPs who care for patients
referred by PCPs on a more limited and transiet basis.
More likely to manage episodes of inpatient care
Sarbanes Oxley ---- ANSWER----US federal law that set new
or expanded requirements for all US public company boards,
management and public accounting firms. Cover
responsibilities of a public corporation's board of directors,
adds criminal penalties and required SEC to create regulations
FMLA ---- ANSWER----1993: law requiring covered
employers to provide employees with job-protected and
unpaid leave for qualified medical family reasons Purpose of
any HCO ---- ANSWER----to provide care to individual
patients and is usually stated in organization's
"mission"
Page 3 of 21
