PEOA

What is the first step in the healthcare reimbursement process?

• Coding

• Reconciling

• Collecting

• Billing

Which of the following is a public insurer?

• Humana

• Medicaid

• Blue Cross

• Blue Shield

Which of the following is NOT true regarding limited liability

companies?

• It may elect to use corporate tax rules instead of being treated as a

  partnership

• It is a corporation under state law.

• It provides flexibility to its owners

• It is a legal form of a company that provides limited liability to its owners.

The most common and simplest form of business is a _______.

• Limited Liability Partnership

• Sole Proprietorship

• Limited Liability Company

• Professional Association

The measurement and minimization of ______ is essential to the

financial success of all healthcare organizations.

• Costs

• Control

• Cash

• Capital

The principal reason why groups of professions choose to organize

as a professional corporation is that

• They are not required to pay federal taxes

• An owner is not personally liable for the negligence or malpractice of other

  owners

• It is illegal for them to form a general partnership

• They will be 340B eligible

Which is a United States-specific form of private company?

• Limited partnership

• Professional Association

• Limited liability company

• Professional corporation

Which type of corporation is required to pay both federal and state

taxes on corporate income?

• Investor-owned

• CPT

• Not-for-profit

• 340B

__________partners are liable only for their initial contribution to the

corporation.

• General

• Minimal

• Sole

• Limited

What is the annual after-tax return received by an individual investor

who buys a $1,000 bond at a 28% tax rate if the healthcare

corporation issuing the bond offers at 10% interest rate on bonds

sold?

• $72

• $100

• $86

• $27