HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 281:

  What stay the same in total as volume increases and per unit change inversely with volume?

  A. Revenues
  B. Variable costs
  C. Quantity
  D. Fixed costs
  B. Variable costs

• Question 282:

  The method of setting premium rates based on the actual health care costs of a group or groups is:

  A. Premium rating plan
  B. Fixed payment rating
  C. Actual rating
  D. Experience rating
  D. Experience rating

• Question 283:

  Production cost centers are:

  A. responsible for producing or selling products or both.
  B. responsible for shipping products
  C. responsible for raw material cost of the products.
  D. None of the above
  A. responsible for producing or selling products or both.

• Question 284:

  How the organization's assets financed and how able the organization is to take on new debt can be computed by:

  A. Liquidity ratios
  B. Capital structure ratios
  C. Profitable ratios
  D. Activity ratios
  B. Capital structure ratios

• Question 285:

  The quick ratio is equal to addition of cash, marketable securities and net accounts receivables divided by current liabilities, in this which entity is relatively liquid one?

  Net accounts receivables

• Question 286:

  Case rate is:

  A. A rate that does not covers everything that a hospital provides even in one month inpatient stay.
  B. A rate that covers everything that a hospital provides during one month inpatient stay.
  C. A rate that does not covers everything that a hospital provides during an entire inpatient stay.
  D. A rate that covers everything that a hospital provides during an entire inpatient stay.
  D. A rate that covers everything that a hospital provides during an entire inpatient stay.

• Question 287:

  Concurrent review states that:

  A. Planning appropriateness and medical necessity of a hospital stay while the patient is in the hospital and implementing discharge planning.
  B. Monitoring appropriateness and medical necessity of a hospital stay while the patient is not in the hospital and try to implement discharge planning.
  C. Planning appropriateness and medical necessity of a hospital stay while the patient is not in the hospital and try to implement preadmission planning.
  D. Monitoring appropriateness and medical necessity of a hospital stay while the patient is in the hospital and implementing discharge planning.
  D. Monitoring appropriateness and medical necessity of a hospital stay while the patient is in the hospital and implementing discharge planning.

• Question 288:

  Organizations that do not provide health care-related services but are responsible for their profit are called:

  A. Organizational profit centers
  B. Traditional profits centers
  C. Capitated profit centers
  D. Administrative profit centers
  D. Administrative profit centers

• Question 289:

  Converting future cash flows into their present value taking into account the time value of money is called:

  A. Account conversion
  B. Compounding
  C. Renovating
  D. Discounting
  D. Discounting

• Question 290:

  Activities that provide guidance and feedback to keep organization within its budget once it has been approved and its being implemented refers to:

  A. Controlling activities
  B. Feedback
  C. Strategic activities
  D. None of the above
  A. Controlling activities