1. Multiple Choice: What is the primary financial goal of
healthcare organizations?
a) Maximizing shareholder wealth
b) Providing free services to all
c) Ensuring financial sustainability while delivering quality care
d) Reducing operational costs to a minimum
Correct Answer: c) Ensuring financial sustainability while
delivering quality care
Rationale: The primary financial goal is to ensure sustainability
to continue providing quality care, as healthcare organizations
often operate under tight budgets and high scrutiny.
2. True/False: The Resource-Based Relative Value Scale
(RBRVS) is used to determine the prices for services based on the
resources needed to provide them.
Answer: True
Rationale: RBRVS is a schema used to determine how much
money medical providers should be paid. It is based on the
resources required to perform various treatments.
3. Fill-in-the-Blank: The _____ method is a traditional approach
to budgeting in healthcare that allocates funds based on historical
data and future projections.
Answer: Incremental
Rationale: The increme
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