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Q 1/13
Score 0
What does NPV stand for when looking at Financial Proformas?
120
a. Non-Participating Venture
c. Net Post Value
Net Present Value
d. New Pricing Value
Q 2/13
Score 0
Which of the following items is NOT considered an operational expense?
120
c. I.T. Equipment
a. Medical Supplies
b. Staff Benefits
d. Salaries and Wages
13 questions
Q.
What does NPV stand for when looking at Financial Proformas?
1
120 sec
Q.
Which of the following items is NOT considered an operational expense?
2
120 sec
Q.
If you have a staff member who works 8 hours a day, 4 days a week, what is their FTE?
3
120 sec
Q.
What is the definition of Utilization Rate when evaluating a clinical practice?
4
120 sec
Q.
Last year your medical practice saw 6,423 patients. You know that 1,945 of them had Medicare. You were also told that 20% of your total patients had some type of commercial insurance. Given that you know you also saw Medicaid patients, what is the Payor Mix for all the visits you had last year? (as a percentage)
5
120 sec
Q.
Last year your medical practice saw 6,423 patients. You know that 1,945 of them had Medicare. You were also told that 20% of your total patients had some type of commercial insurance. Given that you know you also saw Medicaid patients, what is the Payor Mix for all the visits you had last year? (as a percentage)
6
120 sec
Q.
Last year your medical practice saw 6,423 patients. You know that 1,945 of them had Medicare. You were also told that 20% of your total patients had some type of commercial insurance. Given that you know you also saw Medicaid patients, what is the Payor Mix for all the visits you had last year? (as a percentage)
7
120 sec
Q.
If the average net revenue for Medicare is $90/patient, for Medicaid $75/patient and $120/ patient for commercial, based on the information provided above what was the annual Net Patient Revenue for the clinic?
8
120 sec
Q.
If the total expenses for the medical clinic was $500,000, by how much was this medical clinic profitable? ( Net Income)
9
120 sec
Q.
You manage a clinic that has 3 exam rooms. You know almost all visits the providers have with their patients lasts on average 20 min long. For the purposes of this question, assume that providers see patients a total 7 hours between 8am-5pm. (1 hour for lunch, 1 hour for charting). How many patients on average a day would this clinic see if it operated at the following capacities? At a 50% capacities
10
120 sec
Q.
You manage a clinic that has 3 exam rooms. You know almost all visits the providers have with their patients lasts on average 20 min long. For the purposes of this question, assume that providers see patients a total 7 hours between 8am-5pm. (1 hour for lunch, 1 hour for charting). How many patients on average a day would this clinic see if it operated at the following capacities? At a 80% capacities
11
120 sec
Q.
You manage a clinic that has 3 exam rooms. You know almost all visits the providers have with their patients lasts on average 20 min long. For the purposes of this question, assume that providers see patients a total 7 hours between 8am-5pm. (1 hour for lunch, 1 hour for charting). How many patients on average a day would this clinic see if it operated at the following capacities? At 100% capacities
12
120 sec
Q.
Based on the information from the last question, how many patients a day would a provider see if 2 providers worked in the clinic together at the same time to reach 75% capacity? Assume that each provider sees the same number of patients a day.
