Arab Acade x Arab Acad X ODD AASTMT H X AASTMT H X 1 File | C:/Users/user/Downloads/Documents/AASTMT%20Healthcare%20Costing%20Exam%20-... CD T A V A 9) Indirect costs are money lost by public healthcare payers due to work loss and reduced productivity: (a) True (b) False 10) ........ perspective is considered the most conclusive perspective while calculating the cost of illness. Including the direct medical, direct non-medical and indirect costs: (a) Payer (b) Patient (c) Societal (d) Provider 1 1) Present value of money is a term that encompasses (a) a more accurate financial description for price. (b) adjusting both the past or future value of money to the present. (c) the best forgone option. (d) adjusting the future value to the present. 12) If a lab test costs 50 EGPs in 2019, what would be its value at present year 2021, given that medical CPI is 99, 105 & 110 in 2019, 2020 & 2021 respectively: (a) 52.4 (b) 53.0 (c) 55.6 (d) 57.0 13) Which is better from a finance point of view when taking a loan of EGP 100K: (a) Paying 30% in advance, and the remaining amount on equal installments for 48 months, with zero interest. D OT A V Part I - MCQ (Please highlight the correct answer in Yellow) 1) From Payor perspective, Costs come before acquisition price in the purchase cycle: (a) True (b) False 2) In a population with high unemployment, and from patient perspective, Human capital approach would be more suitable than friction method in calculating indirect costs: (a) True (b) False 3) All the following are TRUE about Cost Accounting except that: (a) It records all information in regards to different types of costs including direct and indirect costs. (b) It helps the management to take decisions on resources optimization and enhancing efficiencies. (c) It helps in calculating the selling price of a product or service. (d) It assesses the company profitability and financial position for investors 4) Nursing Staff in cardiac department is considered: (a) Fixed costs (b) Variable costs (c) Semi-variable cost (d) Opportunity cost 5) Healthcare and medication market represents the perfect elastic market where demand is not substantially affected with price change. (a) True (b) False Oab Acad X Arab Acade on Arab Acade X D Arab Acad X pon AASTMT H( X OF AASTMT He X C File | C:/Users/user/Downloads/Documents/AASTMT%20Healthcare%20Costing%20Exam%20-.. SE Q + T A V 13) Which is better from a finance point of view when taking a loan of EGP 100K: (a) Paying 30% in advance, and the remaining amount on equal installments for 48 months, with zero interest. W (b) Paying 60% on equal installments for 36 months, then paying the remaining 40% in cash, with zero interest. (c) Paying 110% of the amount on equal installments for 8 years. 14) Which type of studies can predict the savings the system can make from disease prevention: (a) Incidence-based COI (b) Cost effectiveness Studies (c) Prevalence-based COI (d) Cost-Utility Studies 15) DRG approach for hospitalization billing is characterized with (Select all that apply) (a) Reflection on the different patient types and mix visiting the hospital (b) An accurate estimation of the costs and resources used by hospitals O 9 A DArab Acad X Arab Acade X Arab Acade X Arab Acad X AASTMT H( X BE AASTMT He X + File | C:/Users/user/Downloads/Documents/AASTMT%20Healthcare%20Costing%20Exam%20-... 11 + A (c) Prevalence-based COT (d) Cost-Utility Studies 15) DRG approach for hospitalization billing is characterized with (Select all that apply): (a) Reflection on the different patient types and mix visiting the hospital (b) An accurate estimation of the costs and resources used by hospitals (c) Pushing the hospitals for more efficiency in patients' management (d) Providing an easy way to compare between charges of different hospitals 16) Friction method is the most accurate method to calculate early retirement costs across all perspectives; societal, employer and patient: (a) True (b) False 17) Discounting brings future costs and outcome and changes with a changing rate across years. (a) True (b) False 18) In human Capital Approach, premature mortality is calculated as the total number of days missed from work since death to average life expectancy age multiplied by average daily wage + daily benefits. (a) True (b) False 19) Traditional Costing is more efficient than ABC when Company overhead is low compared to direct costs of production. (a) True b) False DX ODD AASTMT H( X DE AASTMTH X File C:/Users/user/Downloads/Documents/AASTMT%20Healthcare%20Costing%20Exam%20-... LO + CD T A 20) Incase hospitalization costs cannot be found, however CCR is known to be 0.5 and the hospital charged the patient with EGP 20K. how much should be the hospitalization cost: (a) EGP 5K (b) EGP 30K (c) EGP 100K (d) None of the above 21) Which of the following is NOT considered as Direct Medical cost: (a) Diagnostic tests (b) Physician office visits (c) Rehabilitation centers (d) Storage of medication (e) Relocation to near the treatment place 22) Cost of illness models is the first step towards a reform budget spending efficiency (is this statement true or false) (a) True (b) False 23) Administration costs should include all of the following except: (a) Tools and utensils used in administration (b) Self-stick injury costs (c) Nurse time in administration (d) Wastage (e) Patient transportation time to take medication in hospital 24) Health economics science helped converting intangible health gains into tangible monetary Oiloads/Documents/AASTMT%20Healthcare%20Costing%20Exam%20-... + A A (b) False 6) Price is what you pay, Cost is what you get versus the price of your purchase: (a) True (b) False 7) While calculating the cost of diabetes. we found that Macular edema is associated with 40% of the diabetic cases, while it is found in 10% of non-diabetic population. What should be the attributable fraction of Diabetes in Macular edema used: a) 10% (b) 30% (c) 75% (d) 80% 8) In Cost of illness, which of the following is NOT considered as Indirect cost: (a) Absenteeism (b) Caregiver Lost productivity (c) Change in diet due to illness (d) Workforce loss due to illness 9) Indirect costs are money lost by public healthcare payers due to work loss and reduced productivity OArab Acade Arab Acade X Arab Acad X DAASTMT H X AASTMT He X D File | C:/Users/user/Downloads/Documents/AASTMT%20Healthcare%20Costing%20Exam%20-.. CD T A 24) Health economics science helped converting intangible health gains into tangible monetary outcomes. (a) True (b) False