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Marrying a Private Practice: Going Steady

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1.  Which of the following is NOT a business insurance you need to consider when opening your practice? General Liability Insurance Homeowners’ Insurance Workers’ compensation Insurance Professional Liability Insurance

2.  Which of the following situations would NOT require workers’ compensation insurance? Hiring a part-time family member working in the business Hire a full-time audiologist The only employee in the business is the owner Hiring a dedicated marketing coordinator

3.  How can an owner protect the name of a business? Create a business Facebook page Register the business with the state Trademark the business name with your state Trademark the business name federally

4.  Which of the following documents must be obtained from all business entities that may need to access your patient’s HIPAA information? Business Associates Agreement Acknowledgement of HIPAA Privacy Act Notice of Non-Coverage Sales Agreement Form

5.  Which of the following secures patient data? Allowing all employees to use the same login to your electronic health records Giving a neighbor an extra key to the office door Providing a separate secured WiFi for patient’s to use separate from business WiFi account Using patient pictures, but not their names, without permission on social media posts

6.  What resources would NOT be useful in estimating the costs of goods sold in your business plan? Calculating the hourly rate plus profit Obtaining costs directly from an earmold manufacturer Utilizing an audiology buying group Belonging to a group purchasing organizations (GPO)

7.  Which of the following resources can a national audiology organization provide when creating a business? Recommending a lawyer Recommending a CPA Recommending the best buying group Connecting the owner with a mentor

8.  How can a business owner obtain personal health insurance? Through their partner’s insurance Through a private insurance broker Through a state exchange All the above

9.  Whose Business Associates Agreement (BAA) should be used to protect your patient’s data? The audiology practice’s BAA The hearing aid manufacturer’s BAA An online scheduling company’s BAA Google’s BAA

10.  Which of the following should NOT be considered when choosing a bank for a business? Minimum Deposit Fees Transfer Fees Personality of your contact at the bank Small Business Lender