Quizzes 1-4 Flashcards
The focus that Kaiser Permanente put on their Thrive campaign to link an image of Wellness with their name and organization is an example of _________
Market Differentiation
Analyzing challenges or barriers to starting a new cardiac rehab program would be an example of what part of a SWOT analysis?
Threats
Applying for and obtaining a no-strings-attached grant for a community-based program is an example of what type of financing? Equity, Debt, or Neither?
Neither?
A ______ is a detailed analysis that can help to determine the likelihood of success of a business venture (new business, new program, business expansion, etc)
Feasibility Study
Floral shops raising the prices of roses around Valentine’s Day and Mother’s Day is an example of?
Supply and Demand
True or False: Measuring the change in the number of new patients/new evaluations per month before a marketing campaign and comparing that number to after the campaign is run, is an example of a Break Even Analysis
False
Investing money into a marketing event when those resources could have been used to start a new clinic program is an example of an __________
Opportunity cost
Determining the price you will offer a class or service at, based on what the expense of producing it and adding in some profit is an example of ________
cost-plus pricing
An effective method of monitoring expenses and projecting revenues is ______
constructing an annual budget.
True or False: Research has shown that most patients prefer to see a different physical therapist with a new perspective on their problem for each of their PT visits.
False
True or False: Premiums for PPO’s are higher than premiums for HMOs
True
When a patient is seen by the PT, the PT enters codes. The codes are used to determine how much the clinic is reimbursed by the insurance company. This is called:
Fee for service
True or False: HMOs typically have lower out of pocket costs at the time of service than a PPO
True
As cost of an insurance policy increases, the comprehensiveness of service typically:
goes up
A hospital negotiates with an insurer based on a reduced fee schedule to provide all services for an individual after a TKR, including surgery, hospitalization, and post-op care. This is called:
Payment per episode
A beneficiary’s insurance policy is 80/20 based on provider charges. What does the 80 represent?
Percentage (80%) the insurer is responsible for paying.
True or False: Individuals with traditional Medicare, seen by a physical therapist while under Observational Status in a hospital, use part B medicare benefits.
True
True or False: All states expanded Medicaid under Healthcare Reform.
False
True or False: Federal law requires that cost sharing for individuals on Medicaid is identical, regardless of income.
False
If states adopt a work requirement under Medicaid, all individuals will be required to work.
True