chart of accounts - ✔✔ A list of name and numbers of all the accounts used in a business; they are typically accounts for various subcategories of
... [Show More] each of the following: assets, liabilities, owner's equity, revenues, and expenses
cash flow statement - ✔✔ -This contains cash flows from operating, investing, and financing activities.
-It acts as a corporate checkbook.
Balance sheet - ✔✔ -This shows a one-time snapshot of a company's assets and liabilities.
-This contains current assets, liabilities, and owner's equity.
Income Statement - ✔✔ -This indicates the business's profitability during a certain period.
-This contains revenues and expenses for a time period.
The Life Safety Code requires at least testing of certain emergency systems such as fire doors. automatic doors, smoke detectors, and emergency generators:
A. Monthly
B. Quarterly
C. Weekly
D. Bi-annually - ✔✔ A. Monthly
The type of insurance that would cover the healthcare organization if it were sued by a care recipient who was injured as the result of a medication error by a nurse employee is:
A. patient's compensation
B. health insurance
C. general liability
D. professional liability - ✔✔ A. patient's compensation
Equity Value - ✔✔ Fair market value of property minus any liabilities such as mortgages or loans
State Operations Manual - ✔✔ Current set of requirements and guidelines to surveyors. Can be accessed through CMS.
Charitable Remainder Trust - ✔✔ A tax-exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity.
What is the minimum payout rate and the maximum payout rate for a Charitable Remainder Trust? - ✔✔ 5%, 50%
Intermediate Care - ✔✔ A level of care that takes place after a hospital visit but before the individual has recovered enough to take care of ones' self.
Reverse Mortgage - ✔✔ A type of loan a homeowner can take out based on the existing equity the home has. The loan does not need to be repaid until the owner dies or no longer owns the home.
Look Back Period - ✔✔ Five-year period prior to a person's Medicaid application for payment of long-term care services. MCD determines if any transfers of assets have taken place during that period that may disqualify the applicant from receiving MCD benefit for a period of time.
Elimination Period - ✔✔ Specified amount of time at the beginning of a disability during which you may receive covered services, but the insurance policy does not pay benefits. Benefit payments will begin after this period.
Area Agency on Aging - ✔✔ An agency that gets state and federal funding to plan and coordinate service for people over age 60 within a local area
Intubation - ✔✔ The process of inserting a tube into the patient's lungs to help with breathing
Employee Right-to-Know is a guideline under which agency? - ✔✔ OSHA
Debt Covenant - ✔✔ An agreement between a borrower and a lender that requires that certain minimum financial measures be met or the lender can recall the debt
Internal Controls - ✔✔ Procedures within the business that are designed to protect cash and other assets and to keep reliable records.
GPO - ✔✔ group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members.
Risk Agreement - ✔✔ A process where a care recipient's high-risk behavior or choices are reviewed with the care recipient. Alternatives to and consequences of the behavior or choices are explained to the care recipient and the care recipient's decision to modify behaviors or accept the consequences is documented
What is Data Assessment and Verification (DAVE)? - ✔✔ Program administered by CMS designed to ensure accuracy of MDS data accomplished through data analysis, off-site review, and provider education
Case Mix - ✔✔ A system that uses resident attributes to classify residents for purposes such as reimbursement or as a measure of the intensity of care and services used by a group of residents in nursing home
Resource Utilization Groups - ✔✔ A collection of nursing facility care recipient classification systems used in a variety of case mix indexed reimbursement systems. Using assessment tools like MDS 3.0, these systems group care recipients by expected levels of resource utilization, usually based on staff time measurements per care recipient per day. Relative resource utilization is reflected in a case mix index value assigned to each RUG cell.
Substantial Compliance - ✔✔ Minor deficiencies or violations, but a facility generally meets the intent of federal or state regulations. On the Federal Enforcement Grid, Substantial Compliance is equated to findings in boxes A-C
Resident Assessment Instrument - ✔✔ A tool to help facilities identify care recipient's needs and strengths ad develop an appropriate care plan. The fderal system includes: the MDS, CAAs, and utilization guidelines.
The Outcome and Assessment Information Set (OASIS) - ✔✔ (FFS for home health) Series of questions about a home care patient to determine needs and measure outcomes. Questions cover many aspects of the patient's diagnosis, clinical condition, living arrangements, and ability to manage his or her own. Information in this survey is used for care planning and reimbursement [Show Less]