Exam Preview for 42361: Practice Considerations in the Era of Manag

Practice Considerations in the Era of Managed Care

Please note: exam questions are subject to change.

1. How do you calculate the cost per hour for a clinic? Multiply monthly expenses by clinic hours to find cost per hour Divide monthly expenses by clinic hours to find cost per hour Divide monthly revenue by clinic hours to find revenue per hour Multiply monthly wage by clinic hours worked in that month
2. When is a clinic financially profitable? When revenue per hour is more than cost per hour. When cost per hour is more than revenue per hour. When revenue per hour is equal to cost per hour. When depreciation of equipment is below national average.
3. What is block scheduling? A schedule type where audiograms are worked in on the schedule without an appointment especially in ENT offices. A method of scheduling on a first come, first serve basis at any time A method of allocating time slots for specific types of appointments/procedures A schedule type where providers leave every Friday afternoon
4. What is a benefit of block scheduling? Creates less time for administrative work Gives the most important patients the fastest appointments Prioritizes non-revenue earning appointments Improving patient flow by optimizing efficiency & resource utilization within practices
5. How do you determine service fees for services not under contract? Multiply the billable hourly rate by service time required to perform service Multiply monthly expenses by clinic hours to find cost per hour Divide cost per hour by profit margin to find billable rate per hour Divide revenue per hour by employee salary