PLEASE ANSWER ALL QUESTIONS The pressure on providers to compete on cost appears when providers A Negotiate contracts with insurers that can result in additional patient volumes from insurers B Are in markets with similar providers offering similar services C Identify patient loyalty as a key business strategy D Actively seek to increase market share Larger healthcare organizations like a hospital, multi specialty clinic, or health plan are required to A Keep all financial accounting and reporting functions in house B Use the accrual method of accounting C Verify matching monthly D Limit cash basis accounting to patient transactions A method of allocating overhead department costs to patient care areas where a portion of overhead costs are also allocated between overhead departments is known as A Direct cost allocation B Step down cost allocation C Total costing D Line item analysis What do insurers often require of the patient in conjunction with the insurance payment A Making some type of out of pocket payment B Deferring the insurer's preferred treatment protocols C Staying in network for services D Completing a patient satisfaction survey Once the operating budget is completed, the organization can then look for investments that will help to achieve strategic objectives These decisions are detailed in the A Revenue budget B Cash flow projections C Expense budget D Capital budget Cost allocation methods are generally used as a management accounting tool to A Get an accurate idea of the costs associated with various departments within an organization B Forecast service line profitability C Encourage managers to actively manage costs D Shift costs from less profitable areas to more profitable areas A budget variance resulting from actual volumes being different than the budget projection is known as A Volume de escalator B Service variance C Volume variance D Volume adjustment A cost that remains constant within a range of operational activities, regardless of the volume of services provided is a(n) A Accrued cost B Fixed cost C Determinant cost D Specified cost The process by which indirect costs are assigned to a part of the organization that actually provides services to a patient or client is known as A Cost allocation B Cost driver C Marginal cost pricing D Break even analysis

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PLEASE ANSWER ALL QUESTIONS The pressure on providers to compete on cost appears when providers: A. Negotiate contracts with insurers that can result in additional

PLEASE ANSWER ALL QUESTIONS

The pressure on providers to compete on cost appears when providers:

A. Negotiate contracts with insurers that can result in additional patient volumes from insurers
B. Are in markets with similar providers offering similar services
C. Identify patient loyalty as a key business strategy
D. Actively seek to increase market share

Larger healthcare organizations like a hospital, multi-specialty clinic, or health plan are required to:

A. Keep all financial accounting and reporting functions in-house
B. Use the accrual method of accounting
C. Verify "matching" monthly
D. Limit cash-basis accounting to patient transactions

A method of allocating overhead department costs to patient care areas where a portion of overhead costs are also allocated between overhead departments is known as:

A. Direct cost allocation
B. Step-down cost allocation
C. Total costing
D. Line item analysis

What do insurers often require of the patient in conjunction with the insurance payment?

A. Making some type of out-of-pocket payment
B. Deferring the insurer's preferred treatment protocols
C. Staying in-network for services
D. Completing a patient satisfaction survey

Once the operating budget is completed, the organization can then look for investments that will help to achieve strategic objectives. These decisions are detailed in the:

A. Revenue budget
B. Cash flow projections
C. Expense budget
D. Capital budget

Cost allocation methods are generally used as a management accounting tool to:

A. Get an accurate idea of the costs associated with various departments within an organization
B. Forecast service line profitability
C. Encourage managers to actively manage costs
D. Shift costs from less profitable areas to more profitable areas

A budget variance resulting from actual volumes being different than the budget projection is known as:

A. Volume de-escalator
B. Service variance
C. Volume variance
D. Volume adjustment

A cost that remains constant within a range of operational activities, regardless of the volume of services provided is a(n):

A. Accrued cost
B. Fixed cost
C. Determinant cost
D. Specified cost

The process by which indirect costs are assigned to a part of the organization that actually provides services to a patient or client is known as: