BUSN 340 Final Exam - New 2016

BUSN 340 Final Exam - New 2016

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1. (TCO 2) What is the basic accounting equation?
2. (TCO 1) What are the primary responsibilities of the financial manager?
3. (TCO 1) What are the six stages of the revenue cycle?
4. (TCO 1) What is the False Claims Act and how does it impact providers of health care services?
5. (TCO 4) 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
It is estimated that Medicare patients comprise 40 percent of total radiology volume and will pay on average $38.00 per procedure. Approximately 10 percent of the patients are cost payers. The remaining charge payers are summarized below:
Payer Volume % Discount %
Blue Cross 20 4
Unity PPO 15 10
Kaiser 10 10
Self Pay 5 40
50%
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