Question

QUESTION 6

Medicare is a Federal program funded through

Federal and State taxes

Federal taxes, payroll taxes and premiums paid by those insured

Insured premiums

Medicare taxes paid during the working life of each individual

2 points   

QUESTION 7

Medicare was enacted into law in

1987

1965

1942

1975

2 points   

QUESTION 8

In accrual accounting, revenue is recorded in the books and records of the organization

as soon as it is received

when cash is received

when it is earned

whenever the company's policy directs

2 points   

QUESTION 9

Internal financial management reports should always parallel the organization's

organization structure

service area

Chart of Accounts

payor contracts

2 points   

QUESTION 10

Pre-determined per-person payment, sometimes known as PMPM indicates:

payment after the service is delivered

payment before the service is delivered

all payments should be collected from the patient

nothing about how or when the bill will be paid

Answer 1

Q 6) Medicare is a Federal program funded through

The Option Federal taxes, payroll taxes and premiums paid by those insured is True

Q 7) Medicare was enacted into law in

1965 is the correct Option

Q 8) In accrual accounting, revenue is recorded in the books and records of the organization

The Option when it is earned is Correct

Q 9) Internal financial management reports should always parallel the organization's

The Option service area is Correct

Q 10) Pre-determined per-person payment, sometimes known as PMPM indicates:

The Option payment before the service is delivered is Correct.