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Question 1 2 pts When calculating labor costs, employee benefits are estimated to be roughly the hourly wage multiplied by this percentage rate: A .
Question pts
When calculating labor costs, employee benefits are estimated to be roughly the hourly wage multiplied by this percentage rate:
A
B
C
D
Question pts
All of the following terms can be used to imply direct access testing except:
A Direct to consumer testing
B Patient directed testing
C Selftesting
D Consumer driven testing
Question pts
The indicates the time it will take to generate the incoming revenue to compensate for the money paid out for the equipment outgoing asset
A return on investment
B current value of money
C payback period
D break even
Question pts
Part A of Medicare corresponds to:
A Hospital reimbursement
B Physician reimbursement
C Thirdparty payer
D Laboratory reimbursement
Question pts
All of the following are advantages of leasing capital equipment EXCEPT:
A No down payment
B financing at a fixed rate
C Monthly payments are spread over time
D Higher price for consumables
Question pts
An example of an indirect cost, while still being considered an operational task, as based on the information by Baisch, includes:
A Equipment depreciation
B Sick leave or FMLA
C Calibrators for the chemistry analyzer
D Printer labels for test tubes
Question pts
Microcosting is defined as the process of determining the:
A actual cost of performing a billable procedure
B actual cost of performing a nonbillable procedure
C budgeted cost of performing a billable procedure
D budgeted cost of performing a nonbillable procedure
Question pts
The Charge Description Master CDM is a list of all billable services and their associated
A ICD code and direct costs charged to the patient or insurance carrier
B CPT code and price that is charged to the patient or insurance carrier
C CMS code and price for test
D RVU code and price for test
Question pts
Which of the following is not a factor in the DRG rate paid by CMS for hospital services?
A Geographical location of the hospital
B Physician: Patient ratio
C Type of hospital
D Rural vs urban setting
Question pts
If an employee is FTE, approximately how many hours per work week should the person be scheduled for?
A hours per week
B hours per week
C hours per week
D hours per week
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