Financial Issues in Health Care Assignment 2, Chapters 4, 5, and 6 ANSWER BRIEFLY THE FOLLOWING QUESTIONS Chapter 4 1. Describe briefly internal control as it relates to a corporate compliance program. What are the five interrelated components of internal control? 2. Compare and contrast Medicare and Medicaid 3. Discuss the various types of third-party majors 4. Name the four operational requirements for 501(c) (3) tax-exempt organization?
Chapter 5 1. Describe briefly the basis for tax exemption of not- for-profit healthcare firms 2. Name the elements of community benefits listed by the key policy groups 3. Describe briefly the Community Value Index and the four core areas 4. Describe briefly the estimating financial benefits in not-for-profit Healthcare firms Chapter 6 1. Describe briefly the basic methods of payment for healthcare firms 2. Describe briefly the generic principles of pricing 3. Define the healthcare pricing formula 4. List the important considerations when negotiating a health plan contract