WGU C428 BUNDLED EXAMS FINAL SCRIPT
SOLVED 2026 FULLY CORRECT QUESTIONS
⫸ (1) What is the distinction between the purpose of healthcare
management and the purpose of healthcare financial management?
Answer: healthcare financial management purpose: provide accounting
and finance information that helps healthcare managers accomplish the
organization's purpose
healthcare management purpose: planning, organizing, staffing,
directing, and controlling and through communicating, coordinating, and
decision making
⫸ (1) How would you prioritize the major objectives of healthcare
financial management? Answer: 1 to generate income
2 to respond to regulations
3 facilitate relationships with third party payers
4 influence method and amount of payment
5 monitor physicians
6 protect tax status
⫸ (1) What are the major ethical theories, and how do they apply to the
role of a healthcare manager? Answer: resource allocation, conflicts of
interest, patient billing practices. Page 14.
⫸ (1) why should financial managers be concerned with quality
initiatives in healthcare organization? Answer: improvements to quality
, lead to improvements in productivity, which leads to lower costs, which
increases profit.
⫸ (1) how would you predict that financial management and the
management functions will be important as healthcare changes in the
future? Answer: The increased number of individuals with health
insurance, the changing reimbursement structures, explicit linking of
reimbursement with quality measurements.
⫸ (2) how would you explain the meaning of corporate status in relation
to healthcare organizations? What are the advantages corporate status
provides? Answer: most healthcare orgs. are organized as legal entities
called corporations. corporate status is granted by the state and provides
advantages for the healthcare org.
Advantages:
-provides limited liability
-continuity of existence
-able to raise capital from investors
-in the case of for-profit corporation, shareholders are free to sell their
shares at any time
⫸ (2) what is the role of the governing body? How does the governing
body use organized committees to monitor the performance of the CEO?
Answer: ROLE? proper development of resources & monitoring of
CEO's performance and maintaining legal responsibility and selecting a
competent CEO. HOW? committee structures vary from org. to org.
executive committee monitors all committees & includes the chairs of
all the committees as members. finance committee monitors CEO's
SOLVED 2026 FULLY CORRECT QUESTIONS
⫸ (1) What is the distinction between the purpose of healthcare
management and the purpose of healthcare financial management?
Answer: healthcare financial management purpose: provide accounting
and finance information that helps healthcare managers accomplish the
organization's purpose
healthcare management purpose: planning, organizing, staffing,
directing, and controlling and through communicating, coordinating, and
decision making
⫸ (1) How would you prioritize the major objectives of healthcare
financial management? Answer: 1 to generate income
2 to respond to regulations
3 facilitate relationships with third party payers
4 influence method and amount of payment
5 monitor physicians
6 protect tax status
⫸ (1) What are the major ethical theories, and how do they apply to the
role of a healthcare manager? Answer: resource allocation, conflicts of
interest, patient billing practices. Page 14.
⫸ (1) why should financial managers be concerned with quality
initiatives in healthcare organization? Answer: improvements to quality
, lead to improvements in productivity, which leads to lower costs, which
increases profit.
⫸ (1) how would you predict that financial management and the
management functions will be important as healthcare changes in the
future? Answer: The increased number of individuals with health
insurance, the changing reimbursement structures, explicit linking of
reimbursement with quality measurements.
⫸ (2) how would you explain the meaning of corporate status in relation
to healthcare organizations? What are the advantages corporate status
provides? Answer: most healthcare orgs. are organized as legal entities
called corporations. corporate status is granted by the state and provides
advantages for the healthcare org.
Advantages:
-provides limited liability
-continuity of existence
-able to raise capital from investors
-in the case of for-profit corporation, shareholders are free to sell their
shares at any time
⫸ (2) what is the role of the governing body? How does the governing
body use organized committees to monitor the performance of the CEO?
Answer: ROLE? proper development of resources & monitoring of
CEO's performance and maintaining legal responsibility and selecting a
competent CEO. HOW? committee structures vary from org. to org.
executive committee monitors all committees & includes the chairs of
all the committees as members. finance committee monitors CEO's
