HSM 340 Week 7 Quiz(TCO 7) Coordination of benefits refers to:
Student Answer: a penalty assessed for going out of network.
assessing payment responsibility when multiple payers exist.
benefit plan list of covered services.
vertical integration of health plans.2. Question : (TCO 7) A withhold is a feature for payment to health care provider that:
Student Answer: provides a mechanism for reducing risk to the payer.
restricts covered services to beneficiaries.
is used most frequently in indemnity health plans.
none of the above.3. Question : (TCO 7) A medical group includes a provision in its contract with an HMO to receive larger PMPM payments if the HMO members are chronically ill. This type of provision is referred to as a:
Student Answer: Stop Loss
Adverse Selection
Insurement
None of the above4. Question : (TCO 7) Suppose that AT&T had made an offer to acquire Merck Pharmaceuticals. Ignoring potential antitrust problems, this merger would be classified as a:
Student Answer: Cross-border merger
Horizontal merger
Conglomerate merger
Vertical merger5. Question : (TCO 7) An HMO has a Point of Service (POS) option for its members, but will pay only 80 percent of approved charges. If a member goes out of network for a medical procedure with a charge of $2,000, of which $1,200 is approved, how much must the member pay?6. Question : (TCO 7) An uninsured patient receives services with charges of $5,000 from a hospital. The hospital staff bills the patient $1,000 and records $4,000 as charity care. If the hospitals ratio of cost to charges is 50%, what amount would the hospital recognize as charity care in Schedule H of IRS Form 990?7. Question : (TCO 7) Why is tax-exempt financing cited as a benefit received by not-for-profit healthcare providers?