BHA 4053 Part V
Question 1
Which of the following is not one of the ways a physician’s office can enhance revenue?
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Improve documentation for billing and support higher-reimbursement procedures.
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Improve patient throughput.
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Retain ancillary revenues in the office setting.
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Reduce malpractice premiums.
Question 2
A _________ budget is adjusted for changes in volume.
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flexible
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cash
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operating
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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 _________.
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automatic approval.
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approval after careful reviewing.
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approval after review by manager.
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analyzed approval.
Question 4
A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.
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margin
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parameter
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list
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criteria
Question 5
A negative consequence for consistently missed budgeted financial targets could be _________.
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preparation of a variance report.
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training.
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warning from higher management.
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job termination.
Question 6
In 2004, physician practices encompassed almost _________ of the industry’s financial outlays.
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10%
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20%
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40%
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60%
Question 7
The initial cash budget should forecast a collection of _________ of budgeted net revenue.
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100%
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90%
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at least 70%
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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.
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managed care
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physicians
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PPMCs
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corporations
Question 9
If an organization does not want to overdraft, then it should look at the _________ cash balance when forecasting checking account balances.
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highest weekly
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average weekly
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lowest weekly
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highest
Question 10
Ideally a cash budget should be updated _________.
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weekly.
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monthly.
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semi-annually.
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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.
