HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 111:

  The formula to calculate break-even for capitation is:

  A. PMPM * Enrollees = (Enrollees - Utilization rate * variable cost / unit) + monthly variable cost
  B. PMPM * Enrollees = (Enrollees + Utilization rate + variable cost / unit) + monthly fixed cost
  C. PMPM * Enrollees = (Enrollees * Utilization rate * variable cost / unit) + monthly fixed cost
  D. PMPM * Enrollees = (Enrollees * Utilization rate + total variable cost) + monthly fixed cost
  C. PMPM * Enrollees = (Enrollees * Utilization rate * variable cost / unit) + monthly fixed cost

• Question 112:

  Medial home states that:

  A. A partnership between primary care providers (PCPs), patients and their families to deliver comprehensive care over the long-term in a variety of settings.
  B. A proprietorship of primary care providers (PCPs), patients and their families to deliver comprehensive care over the long-term in their own variety of settings.
  C. A partnership between primary care providers (PCPs), patients and their families that do not deliver comprehensive care over the long-term in a variety of settings.
  D. A partnership between primary care providers (PCPs), patients and their families to deliver comprehensive care just foe a short period of time in a variety of settings.
  A. A partnership between primary care providers (PCPs), patients and their families to deliver comprehensive care over the long-term in a variety of settings.

• Question 113:

  The key factors that have contributed to the higher cost of health care include:

  A. Technology, aging population, chronic disease and litigation
  B. Aging population, chronic disease, performance payment and litigation
  C. Technology, performance payment and litigation
  D. All of the above
  A. Technology, aging population, chronic disease and litigation

• Question 114:

  An accounting method that tracks when cash was received and when cash was expended, regardless of when services were provided or resources were used is called:

  A. Cash recording accounting
  B. Accounting cash flows
  C. Cash statement of operations
  D. Cash basis of accounting
  D. Cash basis of accounting

• Question 115:

  Accrued expenses are the liabilities and are reflected in the balance sheet.

  A. True
  B. False
  A. True

• Question 116:

  The true interest rate that a borrower pays is called non-effective interest rate.

  A. True B. False
  B

• Question 117:

  that providers have to pay insurers to cover the cost of defending against the lawsuits and paying large jury awards.

  A. Ambulatory payment classifications
  B. Reimbursement Insurance cost plan
  C. Health proactive Insurance standard act
  D. Increased insurance premiums
  D. Increased insurance premiums

• Question 118:

  The formula for times interest earned ratio is:

  A. [{(excess of revenues _ expenses) + interest expense}/ expected expense]
  B. [(excess of revenues over expenses _ interest expense) / interest revenue]
  C. [(excess of revenues over expenses + interest expense) / interest expense]
  D. [(excess of revenues over expenses * interest expense) / actual expense]
  C. [(excess of revenues over expenses + interest expense) / interest expense]

• Question 119:

  Lessor is:

  A. An entity who does not own an asset that leased out.
  B. An entity who owns an asset that is then leased out.
  C. An entity who owns a debt that is used to lease out.
  D. An entity who does not own a debt that is used to lease out.
  B. An entity who owns an asset that is then leased out.

• Question 120:

  Plans that identify an organization's short-term goals and objectives in detail, primarily in regards to marketing, production, control and financing the organization id called ____________.

  Short-term Plans