CHC Compliance Risk Assessments 2

Question 1

Which tool is most commonly used to prioritize risks identified during a healthcare compliance risk assessment?

Accepted Answer

Risk heat map

Answer

A risk heat map plots likelihood against impact to visually prioritize which risks require the most urgent attention.

Question 2

In a compliance risk assessment, 'inherent risk' refers to:

Accepted Answer

Risk that exists before any controls are in place

Answer

Inherent risk is the level of risk present in a process or activity before any mitigating controls are implemented.

Question 3

A hospital compliance officer discovers that the risk assessment has not been updated in three years. What is the MOST significant concern?

Accepted Answer

The assessment may not reflect current regulatory requirements and operational changes

Answer

Risk assessments must be updated regularly to remain relevant as regulations, operations, and risk landscapes change.

Question 4

Which federal law most directly drives the requirement for healthcare organizations to conduct compliance risk assessments?

Accepted Answer

False Claims Act

Answer

The False Claims Act creates substantial liability for fraud and abuse, and the OIG's compliance guidance cites risk assessment as a key mechanism to detect and prevent such violations.

Question 5

When scoping a compliance risk assessment, which approach ensures the HIGHEST coverage of organizational risks?

Accepted Answer

Use a universe-based approach covering all business processes

Answer

A universe-based approach inventories all business processes and systematically evaluates each for compliance risk, ensuring no area is overlooked.

CHC - Certified in Healthcare Compliance Practice Test

CHC - Certified in Healthcare Compliance Practice Test

CHC Compliance Risk Assessments 2