What is the primary source of funding for HCMOs?

Operations and maintenance (O&M)

Which one of the following statements is FALSE?

Financial accounting focuses on the internal uses of accounting information for decision making

What category of workload measures considers the complexity or resource consumption of a group of patients?

Case-mix measures

Which one of the following is NOT a major component of a business plan or case analysis?

****Demand analysis
****Financial analysis

When must an MEPRS report be submitted?

Within 60 days from the end of the reported month x

What measures are primarily used in monitoring performance and comparing facilities?

Weighted workload measures

What is used to report revenues and expenses of the organization over a period of time?

Income statement

Which is usually viewed as the most comprehensive financial management function or activity?

Comptrollership

Which of the following would be of most concern in reviewing an income statement?

Unusual operating losses

Which function is primarily done to support decision making and continuous improvement?

Managerial accounting

Which one of the following is NOT a criterion for quantitative measures or metrics?

General definition

What specific concept or mechanism focuses on the internal uses of accounting information for decision making?

****Controllership
****Financial management
****Financial accounting

What is the basic purpose of the Medical Expense and Performance Reporting System (MEPRS)?

To provide a uniform system of healthcare cost management

What specific concept or mechanism focuses on the internal uses of accounting information for decision making?

Managerial accounting

What is the inpatient classification scheme that relates various patient characteristics to length of stay (LOS) and amount of resources consumed?

Diagnostic-related groups (DRGs)