CPHRM CPHRM 2

Question 1

Which risk financing technique involves the healthcare organization retaining financial risk internally rather than transferring it to an insurer?

Accepted Answer

Self-insurance

Answer

Self-insurance means the organization retains and funds its own losses rather than transferring risk to an external insurer.

Question 2

The 'Swiss Cheese Model' in patient safety is most directly associated with which concept?

Accepted Answer

Active failures align with latent failures to cause harm

Answer

James Reason's Swiss Cheese Model illustrates how multiple defense layers each have gaps, and harm occurs when holes align across all layers.

Question 3

A hospital's risk manager discovers a medication dispensing error that reached the patient but caused no harm. This is classified as a:

Accepted Answer

Adverse event

Answer

An error that reaches the patient—even without causing harm—is an adverse event (no-harm event), distinguishing it from a near-miss that never reached the patient.

Question 4

Under HIPAA, the minimum necessary standard requires covered entities to:

Accepted Answer

Limit PHI disclosures to the minimum needed to accomplish the intended purpose

Answer

HIPAA's minimum necessary standard obligates covered entities to disclose only the least amount of PHI required to accomplish the intended purpose.

Question 5

Which document formally delegates authority within an organization to manage and resolve claims up to a specified dollar threshold?

Accepted Answer

Claims authority matrix

Answer

A claims authority matrix specifies who within the organization has the authority to settle or reserve claims at various financial thresholds.

CPHRM Exam Practice Test

CPHRM Exam Practice Test

CPHRM CPHRM 2