Question 1 5 pts (COG) This act protected currently insured people from losing coverage because of a job change or family illness. COBRA HIPAA MMA of 2003 BBA of 1997 BIPA of 2000 HTop Question 2 5 pts (COG) This act eliminated the requirement of a prior hospitalization requirement for home health services reimbursement and eliminated the limitation on the number of home health visits. National Health Planning and Resource Development Act of 1974 HIPAA O DEFRA Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) Consolidated Omnibus Budget Reconciliation Act of 1993 (OBRA) Question 3 5 pts (CO E) Besides strategic planning, it is important to have operational planning What is the key difference between the two? Strategic planning is all-inclusive and provides a day-by-day plan. Operational is broad in scope and anticipates changes over time in the organization Operational planning only applies to patient care areas and not to administration. Operational planning is the process of turning the strategic plan into a year's objectives. Operational planning is long term, and strategic planning is short term in nature. Ton Question 4 5 pts (COE) Internal rate of return can be used to evaluate projects for a capital budget. The answer will be in years. dollars. percentages. comparative numbers for each alternative. comparison to the payback period. Question 5 5 pts (COB) One reason that protecting tax-exempt status is a major goal is the attempts of state and local governments to find new revenue sources. pressure and challenges from for-profit competitors. public apathy concerning tax-exempt organizations. 0 increasing profits and revenue streams from grants and other sources. None of the above Question 6 5 pts (COB) A major objective of healthcare financial management is to monitor physicians. This is important because physicians represent approximately 32% of all healthcare spending. O physicians influence much of the spending attributable to hospitals and nursing homes. physician negligence can expose the healthcare organization to legal liability All of the above Top Both the first and third answers Question 7 5 pts (COD) The most commonly used tool to evaluate accounts receivable performance is total dollars outstanding. accounts receivable/total assets. the average collection period. receivables as percentage to current revenue. the receivables to payables ratio. Question 8 5 pts (COD) The inventory method that values items remaining in inventory at the latest receipt price is the FIFO LIFO weighted average specific identification All of the above