HSMT 2103 Exam 3 Review UNCC Questions with Correct Answers Latest Update 2025/2026
Quickly convert patient/insurance company billings to cash. - Answers The primary goal of
managing accounts receivable is to:
DRGs - Answers The Medicare prospective payment system for reimbursing hospitals utilizes:
Cost allocation - Answers Determining the total cost to produce a specified health care service
through assigning costs into revenue-producing departments is referred to as:
False - Answers Government-owned health care organizations generally pay taxes on profits.
True - Answers Capitation shifts the financial risk of coverage from the insurer to the provider of
health care.
activities of daily living - Answers LPNs are trained to do basic nursing functions such as
checking vital signs, observing patients, and assisting patients with __________, such as bathing,
dressing, feeding, and toileting.
3 to 10 years - Answers Physician residency training lasts from ________, depending on the
specialty.
False - Answers There are no shortages of allied health professionals.
Nurses - Answers The largest category of health care workers is:
Board certification is: - Answers A form of credentialing that a physician has competency in a
specific area
Increase motivation - Answers Incentive compensation is believed to have what effect on
employee performance?
Identify areas of performance needing improvement
Adjust compensation based on performance
Decide promotions of staff - Answers Performance appraisals are useful to:
Salary - Answers Benefits" include all of the following EXCEPT:
Highest levels of compensation for staff - Answers Best practices of high-performing
organizations include all of the following focal areas EXCEPT:
Benefits are more important than compensation - Answers Recent information from the
,literature concerning employee perceptions suggests that:
Promote alignment between hospitals and physicians - Answers Choose the best way to engage
medical staff.
Voting - Answers Which is generally regarded as the WORST strategy to resolve conflict in
choices and decisions a team must make?
Task interdependency - Answers A distinguishing characteristic of health care organizations is
_________, because professional staff needs to work closely and collaboratively to meet patient
needs.
A lower surgical mortality rate - Answers Participation in the VHA Medical Team Training
program was associated with which of the following?
SOLVE ALL TEAM PROBLEMS - Answers Guidelines for teamwork CANNOT:
What is Financial Management? - Answers It is the process of:
Providing oversight of the health care organization's day-to-day financial operations.
Planning the organization's long-range financial direction (both internal and external).
Increasing the organization's revenues and decreasing its costs.
Major Objectives of Financial Management - Answers Generate a reasonable net income.
Set prices for services.
Facilitate relationships and manage contracts with third-party payers.
Record and analyze cost information.
Prepare, audit, and disseminate the organization's financial reports.
,Invest in long-term capital assets.
Ensure that payroll is covered and that suppliers are paid.
Protect the organization's tax status.
Respond to government regulators, external auditors, accrediting agencies, and quality
consultants.
Control financial risk to the organization.
For-Profit - Answers Investor-owned
Serve private interests and pay taxes.
Goal is to maximize profits for the owner.
Must also serve the community.
Not-for-Profit - Answers Two types: business-oriented (private) and government-owned.
Serve public interests and are tax-exempt.
Goal is to provide community benefit and optimal patient care
(including the indigent).
tax-exempt. - Answers Not-for-profit Serve public interests and are
sustainability. - Answers Must also turn a profit for
, For-Profit Attributes - Answers Serve private interests.
Pay state and federal income taxes.
May participate in political campaigns.
Motivated by profit.
Have a limited obligation to provide indigent care.
Able to issue stock to raise capital.
Expected to pay profits to owners. - Answers For-Profit Attributes
Cannot distribute profits to owners. - Answers Not-For-Profit Attributes
Not-For-Profit Attributes - Answers Exempt from taxes.
Primarily serve community or public interests.
May not participate in political campaigns or influence legislation.
Must provide designated amounts of community benefit and indigent care.
Financial Governance - Answers In Order of Responsibility:
Governing Body, or Board of Directors/Trustees
Chief Executive Officer (CEO)
Quickly convert patient/insurance company billings to cash. - Answers The primary goal of
managing accounts receivable is to:
DRGs - Answers The Medicare prospective payment system for reimbursing hospitals utilizes:
Cost allocation - Answers Determining the total cost to produce a specified health care service
through assigning costs into revenue-producing departments is referred to as:
False - Answers Government-owned health care organizations generally pay taxes on profits.
True - Answers Capitation shifts the financial risk of coverage from the insurer to the provider of
health care.
activities of daily living - Answers LPNs are trained to do basic nursing functions such as
checking vital signs, observing patients, and assisting patients with __________, such as bathing,
dressing, feeding, and toileting.
3 to 10 years - Answers Physician residency training lasts from ________, depending on the
specialty.
False - Answers There are no shortages of allied health professionals.
Nurses - Answers The largest category of health care workers is:
Board certification is: - Answers A form of credentialing that a physician has competency in a
specific area
Increase motivation - Answers Incentive compensation is believed to have what effect on
employee performance?
Identify areas of performance needing improvement
Adjust compensation based on performance
Decide promotions of staff - Answers Performance appraisals are useful to:
Salary - Answers Benefits" include all of the following EXCEPT:
Highest levels of compensation for staff - Answers Best practices of high-performing
organizations include all of the following focal areas EXCEPT:
Benefits are more important than compensation - Answers Recent information from the
,literature concerning employee perceptions suggests that:
Promote alignment between hospitals and physicians - Answers Choose the best way to engage
medical staff.
Voting - Answers Which is generally regarded as the WORST strategy to resolve conflict in
choices and decisions a team must make?
Task interdependency - Answers A distinguishing characteristic of health care organizations is
_________, because professional staff needs to work closely and collaboratively to meet patient
needs.
A lower surgical mortality rate - Answers Participation in the VHA Medical Team Training
program was associated with which of the following?
SOLVE ALL TEAM PROBLEMS - Answers Guidelines for teamwork CANNOT:
What is Financial Management? - Answers It is the process of:
Providing oversight of the health care organization's day-to-day financial operations.
Planning the organization's long-range financial direction (both internal and external).
Increasing the organization's revenues and decreasing its costs.
Major Objectives of Financial Management - Answers Generate a reasonable net income.
Set prices for services.
Facilitate relationships and manage contracts with third-party payers.
Record and analyze cost information.
Prepare, audit, and disseminate the organization's financial reports.
,Invest in long-term capital assets.
Ensure that payroll is covered and that suppliers are paid.
Protect the organization's tax status.
Respond to government regulators, external auditors, accrediting agencies, and quality
consultants.
Control financial risk to the organization.
For-Profit - Answers Investor-owned
Serve private interests and pay taxes.
Goal is to maximize profits for the owner.
Must also serve the community.
Not-for-Profit - Answers Two types: business-oriented (private) and government-owned.
Serve public interests and are tax-exempt.
Goal is to provide community benefit and optimal patient care
(including the indigent).
tax-exempt. - Answers Not-for-profit Serve public interests and are
sustainability. - Answers Must also turn a profit for
, For-Profit Attributes - Answers Serve private interests.
Pay state and federal income taxes.
May participate in political campaigns.
Motivated by profit.
Have a limited obligation to provide indigent care.
Able to issue stock to raise capital.
Expected to pay profits to owners. - Answers For-Profit Attributes
Cannot distribute profits to owners. - Answers Not-For-Profit Attributes
Not-For-Profit Attributes - Answers Exempt from taxes.
Primarily serve community or public interests.
May not participate in political campaigns or influence legislation.
Must provide designated amounts of community benefit and indigent care.
Financial Governance - Answers In Order of Responsibility:
Governing Body, or Board of Directors/Trustees
Chief Executive Officer (CEO)
