CPHRM CPHRM Exam 3

Question 1

A hospital is considering a captive insurance arrangement. What is the primary advantage of this approach?

Accepted Answer

Provides more control over underwriting and cash flow

Answer

A captive insurer is owned by the hospital and allows direct control over underwriting criteria, loss reserves, and investment of premium dollars.

Question 2

Under EMTALA, what must a hospital with an emergency department do when a patient arrives?

Accepted Answer

Provide a medical screening examination to all patients

Answer

EMTALA requires hospitals to provide a medical screening exam and stabilizing treatment to any patient presenting to the ED, regardless of ability to pay.

Question 3

What is the role of a sentinel event policy in a hospital's risk management program?

Accepted Answer

To establish a process for reviewing serious unexpected patient harm events

Answer

A sentinel event policy defines how the organization identifies, investigates, and responds to serious adverse events to prevent recurrence.

Question 4

Which insurance coverage protects hospital board members from personal financial loss arising from governance decisions?

Accepted Answer

Directors and officers (D&O) liability

Answer

Directors and officers (D&O) liability insurance protects board members from personal liability arising from their governance decisions and fiduciary duties.

Question 5

A hospital implements a patient safety hotline allowing anonymous reporting. This is an example of which risk strategy?

Accepted Answer

Risk reduction

Answer

Anonymous reporting systems are a risk reduction strategy designed to surface near misses and hazards before they cause patient harm.

CPHRM Exam Practice Test

CPHRM Exam Practice Test

CPHRM CPHRM Exam 3