HFMA CHFP Exam Practice Test Instant Access

Question 1

An organization unit that has been formally given the responsibility to carry out one or more tasks, to achieve one or more outcomes or both refers to:

AResponsibility center

BResponsibility pool

CTask management

DControl management

Answer : A

Question 2

Which of the following is NOT the disadvantage of decentralization?

ALoss of control

BInformation relevance

CIncreased need for coordination

DLack of managerial talent

Answer : B

Question 3

Question-Type: FILL IN THE BLANKS

Question-Title: The degree of dispersion of responsibility within a heal care organization is known as ___________.

Answer :

Question 4

The employer set asides dollars for the employee to pay for qualified medical expenses in:

APay-for-performance account

BHealth saving account

CHealth Reimbursement accounts

DPay-for-reporting account

Answer : C

Question 5

Sub-capitation is:

Awhere the primary care physician pays a portion of the total capitated dollars received to another provider.

Bwhere the secondary care physician pays half portion of the total capitated dollars received to another provider.

Cwhere the primary care physician receives a portion of the total capitated dollars paid to another provider.

Dwhere the primary care physician receives half of the total capitated dollars paid to another provider.

Answer : A

Question 6

The method of setting premium rates based on the actual health care costs of a group or groups is:

APremium rating plan

BFixed payment rating

CActual rating

DExperience rating

Answer : D

Question 7

A method of payment in which the provider is paid a fixed amount, over a set period of time usually a month or a year refers to:

ATime payment

BFixed payment

CCapitation

DCapitalization

Answer : C

HFMA CHFP Certified Healthcare Financial Professional Exam Practice Test