1. What is the primary goal of value-based healthcare? - A) To reduce healthcare costs - B) To improve patient outcomes - C) To increase healthcare provider revenue - D) To standardize patient treatment Answer: B) To improve patient outcomes Rationale: Value-based healthcare focuses on improving the quality of care for patients, which includes enhancing health outcomes and patient satisfaction. 2. Which legislation provides guidelines for the electronic exchange of healthcare information? - A) The Affordable Care Act - B) The Health Insurance Portability and Accountability Act (HIPAA) - C) The Patient Protection Act - D) The Health Information Technology for Economic and Clinical Health (HITECH) Act Answer: B) The Health Insurance Portability and Accountability Act (HIPAA) Rationale: HIPAA sets the standard for protecting sensitive patient data and governs the electronic exchange of healthcare information. 3. In financial management, what does the term 'capitation' refer to? - A) A payment model where providers receive a fixed amount per patient - B) A fee-for-service payment model - C) A payment model based on the quality of care provided - D) A payment model where providers are paid after services are rendered 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. 4. What is the Triple Aim of healthcare improvement? - A) Increase revenue, reduce costs, improve patient satisfaction