CPHRM Exam Flashcards
7 cards from real CPHRM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 CPHRM Exam flashcards as text
A hospital is considering a captive insurance arrangement. What is the primary advantage of this approach?
Answer: Provides more control over underwriting and cash flow
A captive insurer is owned by the hospital and allows direct control over underwriting criteria, loss reserves, and investment of premium dollars.
Under EMTALA, what must a hospital with an emergency department do when a patient arrives?
Answer: Provide a medical screening examination to all patients
EMTALA requires hospitals to provide a medical screening exam and stabilizing treatment to any patient presenting to the ED, regardless of ability to pay.
What is the role of a sentinel event policy in a hospital's risk management program?
Answer: To establish a process for reviewing serious unexpected patient harm events
A sentinel event policy defines how the organization identifies, investigates, and responds to serious adverse events to prevent recurrence.
Which insurance coverage protects hospital board members from personal financial loss arising from governance decisions?
Answer: Directors and officers (D&O) liability
Directors and officers (D&O) liability insurance protects board members from personal liability arising from their governance decisions and fiduciary duties.
A hospital implements a patient safety hotline allowing anonymous reporting. This is an example of which risk strategy?
Answer: Risk reduction
Anonymous reporting systems are a risk reduction strategy designed to surface near misses and hazards before they cause patient harm.
Which concept describes the process of identifying all potential losses to which a healthcare organization is exposed?
Answer: Risk identification
Risk identification is the systematic process of discovering all potential risks — clinical, operational, financial, and strategic — facing the organization.
A patient who is competent refuses a blood transfusion for religious reasons. The care team should:
Answer: Document the refusal and respect the patient's decision
Competent adults have the legal and ethical right to refuse medical treatment; the team must document informed refusal and respect the decision.