CPHRM CPHRM Exam 5

Question 1

Which standard requires healthcare organizations to have a written patient rights policy?

Accepted Answer

The Joint Commission Patient Rights (RI) standards

Answer

The Joint Commission's Rights and Responsibilities of the Individual (RI) chapter requires hospitals to define and protect patient rights in written policy.

Question 2

What is the statute of limitations in healthcare malpractice, and why does it matter to risk managers?

Accepted Answer

It sets the time window within which a lawsuit must be filed

Answer

The statute of limitations sets the deadline by which a plaintiff must file suit; understanding it helps risk managers assess exposure duration for open events.

Question 3

A hospital negotiates a risk-sharing contract with a health plan where it accepts financial risk for patient outcomes. This is an example of:

Accepted Answer

Value-based care / shared risk contracting

Answer

Value-based contracts shift financial risk to providers based on quality metrics and patient outcomes, requiring robust clinical risk management.

Question 4

Which document outlines how a patient's healthcare decisions should be made if they become incapacitated?

Accepted Answer

Advance directive

Answer

An advance directive (e.g., living will, healthcare proxy) documents a patient's wishes for care and designates a surrogate decision-maker if capacity is lost.

Question 5

When evaluating an occurrence-based versus claims-made policy, what is the key advantage of an occurrence-based policy?

Accepted Answer

Both B and C

Answer

Occurrence-based policies cover any incident that occurred during the policy period regardless of when the claim is filed, eliminating the need to purchase tail coverage.

CPHRM Exam Practice Test

CPHRM Exam Practice Test

CPHRM CPHRM Exam 5