WGU D513 MHA 5510 Healthcare Financial Management FINAL ASSESSMENT READINESS QUESTIONS & ANSWERS

WGU D513 MHA 5510 Healthcare Financial Management FINAL ASSESSMENT READINESS QUESTIONS & ANSWERS

1. Multiple Choice: What is the primary goal of healthcare
financial management?
 a) Maximizing staff satisfaction
 b) Minimizing operational costs
 c) Maximizing shareholder wealth
 d) Ensuring patient care quality
 Answer: d) Ensuring patient care quality
 Rationale: The primary goal is to ensure that the delivery
of healthcare services is effective and efficient, which
directly impacts patient care quality.
2. Fill-in-the-Blank: The ________ model is a method used
to predict the financial viability of healthcare projects.
 Answer: Feasibility
 Rationale: The feasibility model helps in assessing the
potential success or failure of a project based on financial
projections and analysis.
3. True/False: The capitation payment model is based on
the quantity of healthcare services provided.
 Answer: False
 Rationale: Capitation payment models are pre-arranged
payments received per patient regardless of the number of
services provided, focusing on the quality rather than the
quantity of care.
4. Multiple Response: Which of the following are key
components of a healthcare organization's revenue cycle?
 a) Charge capture
 b) Claims processing
 c) Patient scheduling
 d) Quality assessment

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