1. What is the primary financial objective of a healthcare organization?
A) Maximizing shareholder wealth
B) Providing community service
C) Ensuring patient satisfaction
D) Maintaining a balanced budget
Answer: D) Maintaining a balanced budget
Rationale: While healthcare organizations aim to provide community
service and ensure patient satisfaction, the primary financial objective is to
maintain a balanced budget to ensure sustainability and continuous
operation.
2. Which of the following best describes the term 'capitation' in healthcare
finance?
A) A payment model where providers receive a fixed amount per patient
B) A fee-for-service payment model
C) A method of depreciating fixed assets
D) A type of health insurance plan
Answer: A) A payment model where providers receive a fixed amount
per patient
Rationale: Capitation is a payment arrangement where healthcare
providers are paid a set amount for each enrolled person assigned to them,
regardless of whether that person seeks care.
3. In the context of healthcare, what does the term 'payer mix' refer to?
A) The ratio of healthcare providers to patients
B) The distribution of a hospital's revenue sources
C) The variety of health insurance plans available
D) The mix of medications prescribed to patients
Answer: B) The distribution of a hospital's revenue sources
Rationale: Payer mix refers to the percentage of hospital revenue
coming from different sources such as private insurance, Medicare,
Medicaid, or out-of-pocket payments from patients.
4. What is the significance of the 'break-even analysis' in healthcare
financial management?
A) It determines the viability of new treatments.
B) It calculates the minimum volume of services required to avoid
financial loss.
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