Which of the following is not one of the ways a physician’s office

BHA 4053 Part V

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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.