Hsm-340 Health Services Finance Midterm Exam Answers Essay

6607 Words Sep 4th, 2015 27 Pages
CRAM Exclusive
Essay Sample
HSM-340 Health Services Finance Midterm Exam Answers Follow Link Below To Get Tutorial https://homeworklance.com/downloads/hsm-340-health-services-finance-midterm-exam-answers/ HSM-340 Health Services Finance Midterm Exam Answers Question 1.1. (TCO 4) Which of the following is part of a statistics budget? (Points : 5) Output expectations Responsibility for estimation Estimation methodology All of the above Question 2.2. (TCO 4) Which budgetary issue causes the most strife in all

middle of document…

(TCO 4) Based on the below information, what dollar effect did the increased admission rate have on cost?
You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided. Use the following data to calculate the variances.
Budget Actual
Inpatient Costs $12,568,500 $16,618,350
Members 42,000 42,000
Admission Rate 0.070 0.095
Case Mix Index 0.90 0.85

(Points : 10)


Question 2.2. (TCO 4) Based on the information below, what rate must be set to generate the required $80,000 in profit in the preceding example?
You have been asked to establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:
Budgeted Procedures $10,000
Budgeted Cost $400,000
Desired Profit $80,000







(Points : 10)


Question 3.3. (TCO 4) What is the amount of variance that is attributed to the change in labor productivity?
Use the following data to calculate the variances.
The following information has been prepared for a home health agency.
Budget Actual
Wage Rate per Hour $16.00 $17.00
Fixed Hours 320 320
Variable Hours per Relative
Value Unit (RVU) 1.0 1.1
Relative Value Units (RVUs) 1,000 1,200
Total Labor Hours 1,320 1,640
Labor Costs $21,120 $27,880
Cost per RVU $21.12 $23.23
Budgeted costs at actual volume would be $25,344 ($21.12 × 1,200), and
CRAM Exclusive
Eagle83048Monk

Related Documents

  • Hsm 541 (Health Service Systems) Complete Course - Devry Essay

    Health Promotion HSM 541 Week 2 You Decide Activity HSM 541 Week 2 DQ 1 Healthcare Workforce HSM 541 Week 2 DQ 2 Government Programs HSM 541 Week 3 Written Assignment HSM 541 Week 3 DQ 1 Private Insurance HSM 541 Week 3 DQ 2 The Uninsured HSM 541 Week 4 Midterm HSM 541 Week 4 DQ 1 Primary Care HSM 541 Week 4 DQ 2 Managed Care HSM 541 Week 5 Written Assignment HSM 541 Week 5 DQ 1 Hospitals HSM 541 Week 5 DQ 2 Employer Health Plans HSM 541 Week 6 You

    Words: 713 - Pages: 3
  • Essay about Cs 340 Complete Class , Assignments , Midterm, Final Exam

    technology? Why? CS340 Discussion Module 3 Operating Systems CS 340 COMPLETE CLASS ,ASSIGNMENTS , MIDTERM,FINAL EXAM To purchase this visit following link: http://www.activitymode.com/product/cs-340-complete-class-assignments-midtermfinal-exam/ Contact us at: SUPPORT@ACTIVITYMODE.COM CS 340 COMPLETE CLASS ,ASSIGNMENTS , MIDTERM,FINAL EXAM CS340 (Operating Systems) Complete Class -All Modules ,Assignments , Midterm and Final Exam CS340 Discussion Module 1 Operating Systems In one paragraph

    Words: 725 - Pages: 3
  • Essay about Hsm 542 Week 4 Midterm Exam

    the case. (Points : 25) 5. (TCO D) Define informed consent and why it is important. Identify one legal case that has involved an issue of informed consent and the outcome of the case. (Points : 25) HSM 542 WEEK 4 MIDTERM EXAM Purchase here http://devrycourse.com/hsm-542-week-4-midterm-exam Product Description 1. (TCO G) You are the risk manager for a large hospital and recently have been assigned to review a potential malpractice case for Dr. Johnson. The hospital CEO has asked

    Words: 1869 - Pages: 8
  • Essay Cis 170 Midterm Exam Answers

    a pivotal decade in the trend toward defining hackers as “criminals.” • Question 25 One of the primary tenets of the “hacker code” as conceived by Levy is that information should be free to all users. • Question 26 Data alteration, denial of service, network intrusions, thefts of information, and computer vandalism are examples of which type of computer crime? • Question 27 Research indicates that individuals with low self control are more likely to view on-line pornography • Question 28

    Words: 860 - Pages: 4
  • Mgmt-340 Business Systems Final Exam Answers Essay

    Identify the three key principles that the Agile Methodologies share. (TCO 9) Describe four types of installation. (TCO 9) Describe four types of maintenance MGMT-340 Business Systems Final Exam Answers Follow Link Below To Get Tutorial https://homeworklance.com/downloads/mgmt-340-business-systems-final-exam-answers/ Description: (TCO 1) When developing information systems, an organization could use: (TCO 1) The practice of turning over responsibility of

    Words: 2449 - Pages: 10
  • Essay on Acc 403 Midterm Exam Answers

    the following is least likely to cause uncertainty about the ability of an entity to continue as a going concern? • Question 19 The members of a client's "audit committee" should be: • Question 20 Which of the following services are allowed by the SEC whenever a CPA also audits the company? • Question 21 A six-step approach is often used to resolve an ethical dilemma. The first step in this process is to: • Question 22 Under the AICPA independence

    Words: 948 - Pages: 4
  • Essay on Fin 540 Midterm Exam Answers

    annual dividends from the subsidiary of $2,500,000. If the parent’s marginal tax rate is 34% and if the exclusion on intercompany dividends is 70%, what is the effective tax rate on the intercompany dividends, and how much net dividends are received? Answer : Question 20 New York Waste (NYW) is considering refunding a $50,000,000, annual payment, 14% coupon, 30-year bond issue that was issued 5 years ago. It has been amortizing $3 million of flotation costs on these bonds over their 30-year life. The

    Words: 16080 - Pages: 65
  • Bus 517 Midterm Exam Answers Essay

    The Macintosh development team at Apple is a good example of what kind of project structure? • Question 23 Projectitis is most likely to occur in the _______ organization structure. • Question 24 The project manager has the responsibility to answer which of the following questions? • Question 25 Which of the following cultural characteristics relates to the degree to which management focuses on outcomes rather than on techniques and processes used to achieve those results? Question 26

    Words: 1013 - Pages: 5
  • Hsm 340 Complete Course - Devry (All Assignments - Dqs - Quizez - Midterm and Final Exam)

    cash is generated by an organization and where an organization uses its cash. Cash Resources (graded) List and explain the criteria that should be used when investing an organization's cash in the short term. week 7 HMO, MCO and Health Plans (graded) Discuss legal and regulatory issues that affect MCOs. Financial Policy (graded) Describe the relationship between financial planning and strategic planning. This section lists options that can be used

    Words: 2600 - Pages: 11
  • Hsm 340 Complete Course - Devry (All Assignments - Dqs - Quizez - Midterm and Final Exam)

    cash is generated by an organization and where an organization uses its cash. Cash Resources (graded) List and explain the criteria that should be used when investing an organization's cash in the short term. week 7 HMO, MCO and Health Plans (graded) Discuss legal and regulatory issues that affect MCOs. Financial Policy (graded) Describe the relationship between financial planning and strategic planning. This section lists options that can be used to view

    Words: 2582 - Pages: 11