3.33 pts Question 18 Florida has enacted a prompt-payment law, as have other states, which require payers to pay within a mandated period or face penalties. True False Question 21 3.33 pts What is the goal of cash management? ? All of the above. Cash management is the process of insuring the practice has funds available to cover all operatin xpenses. In addition, cash management involves keep funds secure, but earning potential interest. Cash managers should only keep money in the business checkbook Cash management includes finding safe places to hide money, Question 22 3.33 pts There are multiple steps to cashflow estimation. Identify all the components of the process by checking all that apply. Include opportunity costs Estimate project life and ignore sunk costs Focus on incremental cashflows Include any strategic vlaue Include inflation effects Question 23 An accounts receivable would be captured on an accrual financial statement at the time the patient receives the servic True False + Previous Question 24 Revenue cycle management is all about maximizing collections for a healthcare organization. True False 4 Previous Question 25 Breakeven analysis is used to estimate the volume needed for the healthcare organization to break even in profitability. True False - Previous N Supply chain management involves the requisitioning, ordering, receipt, storage, and payment of supplies, clinical and others. Select the answers best describing problems that may airse in managing supply chain and an inventory. Some of the above The facility has not maintained a safety stock for disaster preparedness No one is paying attention to the changing diagnosis being treated by the facility and its med staff. None of the above a Medical supplies and pharacueticals become outdated The materials management team does not do a good job of forecasting volumes. A medical practice is starting up and needs to borrow funds until they have cashflow from patient services. Select the 2 factors that will influence the interest rate the medical group pays for the loan. Inflation How well the doctor is liked in the community. The amount of healthcare fraud in the particular city and state. The riskiness of the loan Previous Next Ratio analysis is a tool designed to identify trends in an entity's operations. Identify the categories of ratios that are used for financial analysis. Check all that apply. Percentage of occupied beds Asset management ratios Profitability ratios Liquidity ratios Capital structure ratios Staff per bed ratio be Previous Select all of the marketable securities that might be considered for hold the excess cash of a healthcare facility. Bank savings account Treasury bills Municipal bonds Money market accounts Capital is a scarce resource in a healthcare facility. True False Previous