MHA 706 Financial Management Midterm – Questions With Complete Solutions

MHA 706 Financial Management Midterm – Questions With Complete Solutions
Question: The major provisions of the Patient Protection &
Affordable Care Act of 2010 were?
Correct answer: Banning of preexisting condition coverage
limitations, Free preventative care, Medicaid expansion
Question: Which of the following statement(s) about the
finance department at large healthcare organizations is/are
correct?
Correct answer: The CFO typically reports directly to the
chief executive officer (CEO), The CFO is usually assisted by
a comptroller and treasurer, The department is headed by the
chief financial officer (CFO) (sometimes called the vice
president-finance)
Question: In a not-for-profit hospital, the following are
example(s) of a stakeholder.
Correct answer: Vendor, Employee, Community 

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