Financial Practices in Healthcare Quiz Test your knowledge of healthcare finance with this quiz covering topics such as financial statements, revenue cycle management, and regulatory oversight. Ready to dive in?
#1
Income statement
Balance sheet
Cash flow statement
Statement of retained earnings
#2
Electronic Health Record
Estimated Healthcare Revenue
Effective Hospital Regulation
Economic Health Report
#3
Centers for Disease Control and Prevention (CDC)
Food and Drug Administration (FDA)
Centers for Medicare & Medicaid Services (CMS)
Occupational Safety and Health Administration (OSHA)
#4
To schedule patient appointments
To determine insurance premiums
To assign standardized codes to medical procedures and diagnoses
To process vendor invoices
#5
Income statement
Balance sheet
Cash flow statement
Statement of retained earnings
#6
To perform surgical procedures
To manage financial operations and strategy
To oversee nursing staff
To conduct medical research
#7
To increase patient satisfaction
To maximize reimbursement and cash flow
To reduce medical errors
To improve physician productivity
#8
Budgeting
Cost-benefit analysis
Marketing strategy
Forecasting
#9
Reducing the quality of patient care to save money
Implementing strategies to control and reduce healthcare expenses
Increasing healthcare spending to improve services
Expanding healthcare facilities without regard to budget
#10
Debt-to-equity ratio
Current ratio
Profit margin ratio
Return on investment ratio
#11
To identify patients' medical conditions
To provide information on employee salaries
To report costs incurred by a healthcare facility for services rendered
To evaluate the effectiveness of medical treatments
#12
To increase patient satisfaction
To identify areas of financial risk and ensure compliance
To promote new healthcare services
To reduce medical errors
#13
A form of medical insurance
A payment arrangement where providers are paid a fixed amount per patient
The process of budget allocation for hospitals
A financial incentive for physicians
#14
Maximizing profits for healthcare providers
Improving patient outcomes while controlling costs
Expanding healthcare services to remote areas
Increasing administrative overhead in healthcare organizations
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