CPHRM CPHRM 3

Question 1

Which element is MOST critical for an informed consent document to be legally valid?

Accepted Answer

Patient's voluntary agreement with decision-making capacity

Answer

Valid informed consent requires that the patient have decision-making capacity and voluntarily agree without coercion after receiving adequate information.

Question 2

The COSO Enterprise Risk Management framework emphasizes that risk appetite should be set by:

Accepted Answer

The board of directors and senior management

Answer

COSO ERM specifies that risk appetite is established by the board and senior management as part of strategy setting.

Question 3

A hospital's peer review records are generally protected from discovery in malpractice litigation primarily because of:

Accepted Answer

State peer review protection statutes

Answer

Most states have enacted peer review protection statutes that shield peer review proceedings and records from discovery in civil litigation.

Question 4

Which metric measures the average cost of claims closed within a specified period, used to evaluate claims management effectiveness?

Accepted Answer

Average paid loss per closed claim

Answer

Average paid loss per closed claim benchmarks how much money the organization is paying per resolved claim, indicating claims management efficiency.

Question 5

A 'tail' policy in professional liability insurance protects against:

Accepted Answer

Claims reported after a claims-made policy has been cancelled or expired

Answer

A tail (extended reporting endorsement) extends the reporting window after a claims-made policy ends, covering incidents that occurred during the policy period but are reported later.

CPHRM Exam Practice Test

CPHRM Exam Practice Test

CPHRM CPHRM 3