Healthcare finance questions:

1: Please describe by whom (payer) and how (method)services related to acute care inpatient hospital stays are reimbursed.

2: If the total book value of the assets of the accounting entity is $ 4,150,000 and the total liabilities of the accounting entity are $ 1,875,000, the stockholders equity in the accounting entity is?

3:We learned that market share is an important goal for healthcare organizations. What are some examples of how a healthcare organization can increase market share ?

4:Documentation in the medical record is used as a secondary source from which to construct accurate bills. The first source being the physician or providers verbal notification of actual services provided. (true or false)

5: A nursing home contracts with an HMO for skilled nursing care at $ 2.00 PMPM. If costs are expected to average $ 120 per day, what is the maximum utilization of days per 1,000 members that the nursing home can experience before it begins to lose money?

6: The assignment of a DRG upon a patients admission is significant to the hospital for the information about payment they may expect to receive after the patient is discharged.(true or false)

7:What are the major reasons for accrual accounting?

8:Healthcare facilities use CPT codes to bill for outpatient visits and treatments.(true or false)

9: You now recognize that maximizing shareholder wealth is a primary goal of for profit healthcare organizations. In your own words please describe how this increase is actually accomplished financially , giving at least two specific examples.

10: An HMO pays only 75% of approved charges for its HMO patient members. If a member goes out of the approved network of providers and incurs a charge of $ 1,100, of which $ 650 is approved, how much must the member pay?

11: Why, despite not being sensitive to depreciation expenses, purchasing power and gains in replacement value, do historical costs (HC) continue to be used in the accounting procedures and in financial statements?