Which of the following is not one of the ways a physician's office can enhance revenue?
nimmoBHA 4053 Part V
Question 1
Which of the following is not one of the ways a physician's office can enhance revenue?
[removed] | Improve documentation for billing and support higher-reimbursement procedures. | |
[removed] | Improve patient throughput. | |
[removed] | Retain ancillary revenues in the office setting. | |
[removed] | Reduce malpractice premiums. |
Question 2
A _________ budget is adjusted for changes in volume.
[removed] | flexible | |
[removed] | cash | |
[removed] | operating | |
[removed] | volume-adjusted |
Question 3
Because the administration as a whole agrees that these items need to be purchased no matter what, they are deemed eligible for _________.
[removed] | automatic approval. | |
[removed] | approval after careful reviewing. | |
[removed] | approval after review by manager. | |
[removed] | analyzed approval. |
Question 4
A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.
[removed] | margin | |
[removed] | parameter | |
[removed] | list | |
[removed] | criteria |
Question 5
A negative consequence for consistently missed budgeted financial targets could be _________.
[removed] | preparation of a variance report. | |
[removed] | training. | |
[removed] | warning from higher management. | |
[removed] | job termination. |
Question 6
In 2004, physician practices encompassed almost _________ of the industry's financial outlays.
[removed] | 10% | |
[removed] | 20% | |
[removed] | 40% | |
[removed] | 60% |
Question 7
The initial cash budget should forecast a collection of _________ of budgeted net revenue.
[removed] | 100% | |
[removed] | 90% | |
[removed] | at least 70% | |
[removed] | at least 90% |
Question 8
It is likely that _________, as a group, will continue to play the key role they have historically enjoyed as leaders of the health care community.
[removed] | managed care | |
[removed] | physicians | |
[removed] | PPMCs | |
[removed] | corporations |
Question 9
If an organization does not want to overdraft, then it should look at the _________ cash balance when forecasting checking account balances.
[removed] | highest weekly | |
[removed] | average weekly | |
[removed] | lowest weekly | |
[removed] | highest |
Question 10
Ideally a cash budget should be updated _________.
[removed] | weekly. | |
[removed] | monthly. | |
[removed] | semi-annually. | |
[removed] | annually. |
Question 11
Compare bottom-line financial results of using a fixed budget and a flexible budget if volumes (a) increase by 10% or (b) decrease by 10%.
Question 12
Compare the difference between an operating budget, a capital budget, and a cash budget. What are the primary elements in each budget?
Question 13
(Chapters 8-9) Debate the differences between an alert-based decision support management accountability budgeting, monitoring, and reporting system and a standard reporting system that does not provide instant management information to the decision makers.
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