HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 211:

  Which of the following is NOT the phase of the working capital cycle?

  A. Obtaining cash
  B. Turning cash into resources
  C. Resources are restricted to be used seldom
  D. Billing patients for the services and collecting revenues
  C. Resources are restricted to be used seldom

• Question 212:

  Before the break-even point, the size of the space between the total revenue line and the total cost line equals the amount of profit.

  A. True
  B. False
  B. False

• Question 213:

  A major difference between the balance sheet of an investor-owned and a non-profit health care organization is in the section.

  A. owners' asset
  B. owners' liability
  C. owners' equity
  D. owners' expense
  C. owners' equity

• Question 214:

  A Health Maintenance Organization (HMO) that owns its clinics and employs its doctors referred to:

  A. Hire Model HMO
  B. Staff Model HMO
  C. Health Maintenance Model HMO
  D. Class Maintenance Model HMO
  B. Staff Model HMO

• Question 215:

  The allocation of the acquisition cost of debt to the period which it benefits refers to:

  A. Depreciated income
  B. Accrual expense
  C. Net income
  D. Amortization
  D. Amortization

• Question 216:

  Which are a measure of the amount of resources used or consumed in providing a service, not cash-out flows?

  A. Operating income
  B. Credit
  C. Revenue
  D. Expense
  D. Expense

• Question 217:

  uses the accrual basis of accounting, which summarizes how much the organization earned and the resources it used to generate that income during a period of time.

  A. Balance sheet
  B. Non-operating income
  C. Statement of operations
  D. Accounting system for income
  C. Statement of operations

• Question 218:

  Which of the following is for non-profit organizations derived from retained earnings, government grants, sales of asset and contributions?

  A. Retained financing
  B. Equity financing
  C. Finance retaining
  D. Profit dispersing
  B. Equity financing

• Question 219:

  The break-even equation modified to include desired profit is:

  A. Price + Volume = Fixed cost + (variable cost per unit + volume) * Desired profit
  B. Price * Volume = Fixed cost + (variable cost per unit * volume) + Desired profit
  C. Price * Volume = variable cost + (variable cost per unit / volume) + Desired profit
  D. Price - Volume = Fixed cost + (variable cost per unit + volume) * Desired profit
  B. Price * Volume = Fixed cost + (variable cost per unit * volume) + Desired profit

• Question 220:

  A provider who has contracted with the health plan to provide medical services to covered members at predetermined rates is called:

  A. Medical services provider
  B. Participating provider
  C. Cost effective provider
  D. Point of Service provider
  B. Participating provider