1. Which of the following is a goal of the Institute for Healthcare Improvement
ID: 1106576 • Letter: 1
Question
1. Which of the following is a goal of the Institute for Healthcare Improvement Triple Aim Theory?
Improving the experience of care
Improving population health
Reducing healthcare costs
All of the above
2. True or false: Perfectly competitive markets lead to efficient production and consumption.
True
False
3. The main function of health insurance is:
To make healthcare free
To reduce total spending on healthcare
To pool the risks of healthcare costs
All of the above
4. Which challenge facing the healthcare industry today is having the most significant impact
For-profit versus not-for-profit tax and operating statuses
Advancements in technology and institutional changes
Risk and uncertainty
Insurance
5. The Affordable Care Act (ACA) is a complex law that has multiple provisions. The ACA was passed by congress and signed into law on March 23, 2010. Which of the following is a major provision that is focused on reshaping the healthcare sector?
A reform in payment methodologies including bundled payments, medical homes, and accountable care organizations
Reducing Medicare spending by establishing penalties for readmission rates, reducing payments, incentivizing quality improvements, and establishing an advisory review board
Expanding insurance coverage by way of regulations, subsidies, and encouraging state and federal insurance marketplaces
All of the above
6. The study of healthcare economics includes which of the following microeconomic factors that impact the decision-making process of the healthcare manager?
Unemployment
Supply, demand, and price
Access to care
Demographics
7. Which of the following statements is true?
Focusing on incremental costs is a bad idea for managers.
Fixed costs are the same as variable costs.
Costs are calculated the same from all perspectives.
Incremental costs are the same as marginal costs.
8. True or false: When a healthcare manager is analyzing costs associated with the delivery of healthcare services, the healthcare manager should not consider the fixed and variable costs of the delivery.
True
False
Explanation / Answer
1.
All of the above
Triple Aim indicates three aims of health care; these are improving of caring so that patients are satisfied, health of people should be continuously improved, and there must be reduction in cost. All these are relevant points in this regards.
Answer: 4th option
2.
This is true.
Allocative efficiency is the situation of distributing goods and services as desired by customers. This is the situation of equality between price and marginal cost. It happens in perfectly competitive market where MC = MR = AR = P.
Productive efficiency is the situation where P is equal to the minimum of average cost. It happens in the long-run in perfectly competitive market.
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