HAC HAC Healthcare Financial Analytics

Question 1

Which financial metric measures the total cost incurred to treat a patient from admission through discharge and follow-up care?

Accepted Answer

Cost per episode of care

Answer

Revenue per adjusted discharge

Answer

Net patient service revenue

Answer

Contribution margin ratio

Question 2

In healthcare financial analytics, what does the term 'payer mix' refer to?

Accepted Answer

The distribution of patients by insurance type (Medicare, Medicaid, commercial, self-pay)

Answer

The ratio of physicians to nurses on a care team

Answer

The number of different billing codes used per encounter

Answer

The percentage of claims denied by payers

Question 3

Which financial analysis technique compares actual healthcare spending against pre-established budget targets to identify variances?

Accepted Answer

Budget variance analysis

Answer

Break-even analysis

Answer

Net present value analysis

Answer

Regression cost modeling

Question 4

What is a charge master (chargemaster) in a hospital setting?

Accepted Answer

A comprehensive list of all billable services, supplies, and procedures with their standard prices

Answer

A software system that schedules patient appointments

Answer

A report of the top-spending physicians

Answer

An index of ICD-10 diagnosis codes used for billing

Question 5

Which ratio best measures a hospital's ability to cover its short-term financial obligations?

Accepted Answer

Current ratio

Answer

Operating margin

Answer

Days cash on hand

Answer

Debt-to-equity ratio

Question 6

In value-based payment models, what financial incentive structure rewards providers for keeping total spending below a pre-set benchmark?

Accepted Answer

Shared savings arrangement

Answer

Fee-for-service bonus

Answer

Capitation rate adjustment

Answer

Per diem rate escalation