Define the key elements of prospective payment and its impact on health care at a facility.

Q: Group of answer choices a. type of care

A: Grooming/personal hygiene, clothing, toileting/continence, transferring/ambulating, and eating are…

Q: Explain the difference between gross medical services revenue and net medical services revenue

A: Please find the answer to the above question below:

Q: Describe the unique aspects of accounting for health care entities.

A: Accounting:   It refers to recording the financial transaction of an organization and presenting the…

Q: Why is a statement of functional expenses required of a voluntary health and welfare entity?

A: Expenses: Expenses are costs incurred for the operations of a business. The costs incurred for…

Q: Identify and explain the cost controls utilized by Managed-Care health plans

A: Managed care health plans is a recent change in health care insurance plan in country to reduce the…

Q: What is a third-party payor, and how does the presence of such payors affect the financial…

A: Third party payor in healthcare entities is the payer, insurance company  or health agency not…

Q: Prepare the Receipts and Payment account of Sigma Hospital from the following information:

A: The receipt and payment account serves as an overview of an organization's cash receipts and…

Q: How might the structure and roles of finance departments in different healthcare settings differ?…

A: The role of healthcare financial department in the health care settings are different in accordance…

Q: ____________________entities would consider portions of the AICPA Audit and Accounting Guide: Health…

A: The Answer :

Q: Type of long-term care policies Triggers to become eligible for benefits Exclusions

A: Point to be Noted:- Since you have asked questions with multiple sub parts. I will be answering…

Q: Recognize the difference between a medical issue and its symptom. Give an illustration of what I…

A: Identifying the Issue: Finding errors and omissions in accounting records is a process known as…

Q: What is the relevance of the nurse to the decision making of an entity?

A: Acute care nursing decision-making necessitates the consideration of numerous complex aspects.

Q: How much is the patient services revenue? How much is the operating revenue? How much is the total…

A: Patient revenue services includes charges for direct patient care such as doctor's fees,room…

Q: Identify the process of Recovery Audit Contractors and discuss its impact on healthcare…

A: Recovery Audit Contractors The main obligation of Recovery Audit Contractors to identified the fault…

Q: What are the differences between the strategic initiatives and operating activities of a health care…

A: Difference among operating activities of healthcare organization and strategic initiativesStrategic…

Q: How is health care marketing different from marketing in other industries?

A: Healthcare sector includes companies that manufacture healthcare products, medical equipments, and…

Q: Why is accounting important in healthcare?

A: Accounting is the process of recording, summarizing, analysis, interpretation and communication of…

Q: Give the formula for computing a deduction for group health insuranc

A: Group health insurance policy can be defined as the policy which covers all employees of the…

Q: How will you, as a health care manager, be engaged in the long-term finance of your organization?…

A: As a health manager, I'll be involved in long-term funding decisions for my organization, and I'll…

Q: What have been the CONSEQUENCES of BC/BS conversion from not-for-profit to for-profit status in…

A: Blue Cross  Blue Cross is a name used by an association of health insurance plans throughout the…

Q: Is it possible for one hospital to have an income and expenditure account whereas another has a…

A: Is it possible for one hospital to have an income and expenditure account whereas another has a…

Q: Distinguish among the following types of operational audits: Functional, Organisational and Special…

A: Functional : It means typically the activities a business such as operational production or…

Q: What was the motivation for changing the way physicians are compensated in the Medicare system? What…

A: The motivation for changinh the way the Medicare system was compensating physicians was obviously…

Q: Give three examples of : Liabilities in a Healthcare organization (name the organization you are…

A: We know that Liabilities are of two types Current Liabilities: These are the liabilities which are…

Q: Discuss the salient forces leading to the rise and fall of various types of managed care plans.…

A: Cost factors are increasingly influencing the evolution of health care policy on a global scale.…

Q: nonfinancial performance measures

A: Nonfinancial performance measures are metrics used to measure the performance of an entity not…

Q: Write down the importance of time value of money for healthcare organization.

A: TVM is the concept which states that worth of money today is more than its worth in the future.

Q: A Voluntary Health & Welfare NFP would include which of the following financial statements in its…

A: FASB 117 describes the FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANIZATIONS

Q: List the few factors you should consider when evaluating the benefits of health insurance .What are…

A: Unlike the process a few years ago, buying health insurance was similar to buying a train ticket.…

Q: What is the value of the transparency of the hospital compare data (consider for hospitals that are…

A: Quality score in hospitals is a standard /metric/ tool used which signify the trend of patients’…

Q: Why is the statement of functional expenses required for voluntary health and welfare organizations?

A: Voluntary Health and Welfare Organizations Voluntary Health and Welfare organizations (VHWO's) are…

Q: Which of the following items is required by the Life Insurance and Annuity Replacement Rule? A. A…

A: The answer is stated below:

Q: Distinguish between an intended beneficiary and an incidental beneficiary.

A: Beneficiary- A party that is entitled to any benefit or advantage in an agreement such as Life…

Q: what is the dilemma faced by health care finance managers in light of the ultimate goals of health…

A: Solid financial performance is linked to a better patient-reported experience of treatment, which is…

Q: prescriptions of IFRS

A: The International money reportage Standards (IFRS) square measure the principles-based standards and…

Q: gal and regulatory issues shape and define the good financial management of an HCO?

A: Few developments in the structure of health care in the United States have sparked as much attention…

Q: Describe Due Professional Care

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: Examples of health insurance offsets include all of the following, EXCEPT: a) Co-pays b)…

A: The question is based on the concept of health insurance and cover under the health policy.